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Rayan Plaza 5056-5062 N Sheridan Rd
1,000 - 4,000 SF of Office/Retail Space Available in Chicago, IL 60640
Highlights
- 3 blocks away from Argyle Train "L" Station Red Line and 2 blocks away from Lake Shore Drive Foster Entrance/Exit
- Prime retail Leasing opportunity in the heart of Chicago's Uptown neighborhood
- Neighboring retailers include Subway, Metro by T-mobile, McDonald's, Mariano's and Safeguard Storage
- Brand New 2 x 4 LED Ceiling Light Fixtures.
- Densely populated neighborhood
- On-site Customer parking lot. 15 spaces
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 5056 | 1,100-2,000 SF | 12’ - 15’ | 1-5 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $3,333 /MO $40,000 /YR | Triple Net (NNN) | |
| 1st Floor, Ste 5058 | 1,000-2,000 SF | - | 1-5 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $3,333 /MO $40,000 /YR | Triple Net (NNN) |
5056-5062 N Sheridan Rd - 1st Floor - Ste 5056
1,100 - 2,100 Sq Ft of ground floor retail space in Strip Mall with on-site Parking for lease along North Sheridan Road in the heart of Uptown. Highly visible Corner Location. The space is located along the Sheridan Road retail corridor surrounded by national, regional and strong local tenants that drive heavy pedestrian/Vehicle traffic in one of Chicago's most affluent sub-markets. Very accessible and just 3 blocks from the Argyle Train "L" station (Red Line) and 2 blocks from Lake Shore Drive: Foster Entrance. Strip Center is adjacent to the CTA bus stops. Walk Score gave location a 92 out of 100 Walker’s Paradise!!! Additionally, the space features floor to ceiling Storefront Windows, excellent natural lighting, High Ceilings, Brand New 2x4 LED Fixtures, Roof Top HVAC Unit, abundant on-site parking with access on Sheridan Road & Winona Ave. Neighboring retailers include McDonald’s, Mariano’s, Subway, Metro By T-Mobile and Safeguard Storage.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Fits 3 - 16 People
- Finished Ceilings: 12’ - 15’
- Space is in Excellent Condition
5056-5062 N Sheridan Rd - 1st Floor - Ste 5058
950 SqFt of ground floor retail space in Strip Mall with on-site Parking for lease along North Sheridan Road in the heart of Uptown. Highly visible Corner Location. The space is located along the Sheridan Road retail corridor surrounded by national, regional and strong local tenants that drive heavy pedestrian/Vehicle traffic in one of Chicago's most affluent sub-markets. Very accessible and just 3 blocks from the Argyle Train "L" station (Red Line) and 2 blocks from Lake Shore Drive: Foster Entrance. Strip Center is adjacent to the CTA bus stops. Walk Score gave location a 92 out of 100 Walker’s Paradise!!! Additionally, the space features floor to ceiling Storefront Windows, excellent natural lighting, High Ceilings, Brand New 2x4 LED Fixtures, Roof Top HVAC Unit, abundant on-site parking with access on Sheridan Road & Winona Ave. Neighboring retailers include McDonald’s, Mariano’s, Subway, Metro By T-Mobile and Safeguard Storage.
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 3 - 16 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 5056-5062 N Sheridan Rd , Chicago, IL 60640
| Min. Divisible | 1,000 SF | Frontage | 50’ on Sheridan Road |
| Center Type | Strip Center | Gross Leasable Area | 7,234 SF |
| Parking | 15 Spaces | Total Land Area | 0.24 AC |
| Stores | 1 | Year Built | 1991 |
| Center Properties | 1 |
| Min. Divisible | 1,000 SF |
| Center Type | Strip Center |
| Parking | 15 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 50’ on Sheridan Road |
| Gross Leasable Area | 7,234 SF |
| Total Land Area | 0.24 AC |
| Year Built | 1991 |
About the Property
950 SqFt of ground floor retail space in Strip Mall with on-site Parking for lease along North Sheridan Road in the heart of Uptown. Highly visible Corner Location. The space is located along the Sheridan Road retail corridor surrounded by national, regional and strong local tenants that drive heavy pedestrian/Vehicle traffic in one of Chicago's most affluent sub-markets. Very accessible and just 3 blocks from the Argyle Train "L" station (Red Line) and 2 blocks from Lake Shore Drive: Foster Entrance. Strip Center is adjacent to the CTA bus stops. Walk Score gave location a 92 out of 100 Walker’s Paradise!!! Additionally, the space features floor to ceiling Storefront Windows, excellent natural lighting, High Ceilings, Brand New 2x4 LED Ceiling Light Fixtures, Roof Top HVAC Unit, abundant on-site parking with access on Sheridan Road & Winona Ave. Neighboring retailers include McDonald’s, Mariano’s, Subway, Metro By T-Mobile and Safeguard Storage. 2011 Total Population: 1-mi: 72,045 2-mi: 402,348 3-mi: 806,548 2011 Average Household Income: 1-mi: $64,406 2-mi: $83,620 3-mi: $93,100
- Air Conditioning
- Tenant Controlled HVAC
Nearby Major Retailers
-
Michael Rayan - Rayan Realty & Management, Inc.
Presented by
Rayan Realty & Management, Inc.
Rayan Plaza | 5056-5062 N Sheridan Rd
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