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7000 N. Glenwood, Chicago 7000 N Glenwood Ave
1,016 SF of Retail Space Available in Chicago, IL 60626
Highlights
- new construction, corner location, near to Loyola University and CTA
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,016 SF | 14’ | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $2,963 /MO $35,560 /YR | Triple Net (NNN) |
1st Floor
1,016 SF prime corner location in a brand-new mixed-use construction building in the heart of the Rogers Park Glenwood Arts District. This new property has four floors of 30 residential units above first-floor commercial space. The space features 14-foot ceilings, black iron shafting, 400 amp electric, 10 tons HVAC system, and two ADA bathrooms.
- Lease rate does not include utilities, property expenses or building services
- Anchor Space
- Central Air and Heating
- Corner Space
- High Ceilings
- Finished Ceilings: 14’
- Common Parts WC Facilities
- 14 ft ceilings, 2 ADA bathrooms, black iron shaft
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 7000 N Glenwood Ave , Chicago, IL 60626
| Property Type | Retail | Gross Leasable Area | 30,000 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 2023 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 30,000 SF |
| Year Built | 2023 |
About the Property
PROPERTY OVERVIEW: 1,016 SF prime corner location in a brand-new mixed-use construction building in the heart of the Rogers Park Glenwood Arts District. This new property has four floors of 30 residential units above first-floor commercial space. The space features 14-foot ceilings, black iron shafting, 400 amp electric, 10 tons HVAC system, and two ADA bathrooms. LOCATION AND NEARBY TENANTS: Adjacent to the Morse Avenue CTA Red Line station, the site is located on Glenwood Avenue at Lunt along Rogers Park’s booming Glenwood Arts District corridor. It is surrounded by restaurants, cafes, art galleries, theaters and the The Loyola University Chicago Lake Shore Campus. Area tenants include: Rhapsody Theater, Le Piano, Lifeline Theater, The Glenwood, Rogers Park Social, JB Alberto's, Target, Hampton Inn and more. The space is blocks from Loyola Park Beach, with fantastic access to the Morse Avenue Red Line Station, the 96/155/147 Buses, The Metra North Line, and Sheridan Road. Rogers Park has been labeled by the Chicago Tribune as one of Chicago’s “hottest up-and-coming neighborhoods”, experienced some of the fastest residential rent growth in Chicago.
Nearby Major Retailers
-
Gina Caruso -
Keith Lord -
The Lord Companies, LLC
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7000 N. Glenwood, Chicago | 7000 N Glenwood Ave
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