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1053-1055 W Grand Ave
9,089 SF of 4-Star Retail Space Available in Chicago, IL 60642
Highlights
- Rarely available single-tenant building in West Loop/West Town with 20 parking spaces on-site
- The building features an open interior, bow-truss ceiling, skylights, and multiple drive-in doors
- Well located just a few blocks west of both I-90 and the Grand Blue Line "L" Station and just a few blocks south of both Fulton Street and Randolph S
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 1053 | 9,089 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor, Ste 1053
9,089 single-tenant building located along Grand Avenue in Chicago’s West Loop/West Town neighborhood. The building, formerly Tesla, features an open interior, bow-truss ceiling, skylights, multiple drive-in-doors, and parking lot on-site totaling 20-spaces. The building is well located just blocks west of Interstate-90 and the Grand Ave Blue Line “L” Station, and presents an opportunity to join a thriving community with an average household income of over $157,000 within one (1) mile of the Property. The building is located just a few blocks north of Fulton Street and Randolph Street, two (2) of the trendiest streets in the city featuring several high-end restaurants, retailers, and corporate offices. Neighboring retailers include Lululemon, Billy Reid, Warby Parker, Allbirds, Patagonia and a number of restaurants including Ever, Swift & Sons, Elina’s, Monteverde, Girl & The Goat, Roister, Rose Mary, Lyra, Timeout Market, ABA, Publican, Au Cheval, Loyalist and Small Cheval, among many others
- Fully Built-Out as a Car Dealership
- Highly Desirable End Cap Space
- Space is in Excellent Condition
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 agent 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 1053-1055 W Grand Ave , Chicago, IL 60642
| Property Type | Retail | Year Built/Renovated | 1963/2008 |
| Property Subtype | Auto Dealership | Parking Ratio | 2.2/1,000 SF |
| Gross Internal Area | 9,089 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Internal Area | 9,089 SF |
| Year Built/Renovated | 1963/2008 |
| Parking Ratio | 2.2/1,000 SF |
About the Property
9,089 single-tenant building located along Grand Avenue in Chicago’s West Loop/West Town neighborhood. The building, formerly Tesla, features an open interior, bow-truss ceiling, skylights, multiple drive-in-doors, and parking lot on-site totaling 20-spaces. The building is well located just blocks west of Interstate-90 and the Grand Ave Blue Line “L” Station, and presents an opportunity to join a thriving community with an average household income of over $157,000 within one (1) mile of the Property. The building is located just a few blocks north of Fulton Street and Randolph Street, two (2) of the trendiest streets in the city featuring several high-end restaurants, retailers, and corporate offices. Neighboring retailers include Lululemon, Billy Reid, Warby Parker, Allbirds, Patagonia and a number of restaurants including Ever, Swift & Sons, Elina’s, Monteverde, Girl & The Goat, Roister, Rose Mary, Lyra, Timeout Market, ABA, Publican, Au Cheval, Loyalist and Small Cheval, among many others
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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Power Broker Matt Tarshis -
Andrew Picchietti -
Andrew Rubin -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
1053-1055 W Grand Ave
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