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1200 W Lake St 5,500 sq ft of Retail Space Available in Chicago, IL 60607
HIGHLIGHTS
- New thermopane windows.
- Great surrounding neighborhood setting.
- Clean contemporary renovation.
- Natural light filled spaces.
- Heavy timber loft.
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor | 5,500 sq ft | Negotiable | £58.70 /sq ft pa £4.89 /sq ft pcm £322,852 pa £26,904 pcm | Triple Net |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Fit-Out as Standard Retail Unit
- 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 (NNN) 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 rent 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 rent 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
| Total Space Available | 5,500 sq ft | Net Internal Area (NIA) | 15,609 sq ft |
| Property Type | Retail | Year Built/Renovated | 1895/2023 |
| Total Space Available | 5,500 sq ft |
| Property Type | Retail |
| Net Internal Area (NIA) | 15,609 sq ft |
| Year Built/Renovated | 1895/2023 |
ABOUT THE PROPERTY
This well located West Loop corner space has huge thermal pane picture windows, sandblasted exposed brick, heavy timber and hardwood floors, in suite kitchen and washrooms. Space boasts scenic views of the Chicago skyline. CTA "L" stop 2 blks away.
NEARBY MAJOR RETAILERS
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1200 W Lake St
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