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5466 N Milwaukee Ave
2,790 SF of Retail Space Available in Chicago, IL 60630
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,790 SF | Negotiable | $10.75 /SF/YR $0.90 /SF/MO $29,993 /YR $2,499 /MO | TBD |
Ground
The lease includes a free-standing former bank building with a drive-thru on busy Milwaukee Avenue surrounded by other retail stores. with drive thru, very visible on busy Milwaukee Avenue surrounded by other retail stores.
- Fully Built-Out as a Bank
- Drive Thru
- Drive through window
- Signage
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.
PROPERTY FACTS FOR 5466 N MILWAUKEE AVE , CHICAGO, IL 60630
| Total Space Available | 2,790 SF | Gross Leasable Area | 3,100 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Bank | Parking Ratio | 4.66/1,000 SF |
| Total Space Available | 2,790 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 3,100 SF |
| Year Built | 1960 |
| Parking Ratio | 4.66/1,000 SF |
ABOUT THE PROPERTY
**FREESTANDING BUILDING WITH DRIVE-THRU AND PARKING!** This address is situated in a commercial and residential area in the city of Chicago. It's part of the Jefferson Park neighborhood, known for its mix of housing, businesses, and parks. The area features a variety of shops, restaurants, and services, making it a lively and convenient location for both residents and visitors. Accessibility: The location is accessible by various modes of transportation, including public transit. The Chicago Transit Authority (CTA) operates bus routes and a Blue Line 'L' train station nearby, providing easy access to other parts of the city. This freestanding corner site is in the heart of Jefferson Park in NW Chicago, located on one of the busiest retail streets in the region - Milwaukee Ave. Featuring a drive-thru, this property is the perfect opportunity for a bank, medical facility, retail service, or quick-service restaurant.
- Drive Thru
NEARBY MAJOR RETAILERS
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5466 N Milwaukee Ave
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