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1601-1607 W Lawrence Ave
1,000 - 2,000 SF of Retail Space Available in Chicago, IL 60640
Highlights
- Prominent corner location in Uptown/Andersonville market
- New mechanicals
- In the Western Ave North TIF - SBIF eligible
- Eligible for facade rebate funds
Space Availability (2)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 1601 | 1,000 SF | 12 ft | Negotiable | £21.33 /SF/PA £1.78 /SF/MO £229.60 /m²/PA £19.13 /m²/MO £21,330 /PA £1,778 /MO | Triple Net | |
| 1st Floor, Ste 1607 | 1,000 SF | 14 ft | Negotiable | £21.33 /SF/PA £1.78 /SF/MO £229.60 /m²/PA £19.13 /m²/MO £21,330 /PA £1,778 /MO | Triple Net |
1st Floor, Ste 1601
Ready to go corner retail space in an iconic terra cotta building. Zoned B3-1.5. Located in the East Ravenswood/Andersonville neighborhood in Chicago’s Uptown community, the property has convenient access to public transit and ample street parking. The property is surrounded by a dense population, area parks, and a wide variety of entertainment and restaurant/shopping spots.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Finished Ceilings: 12 ft
- Basement
- Display Window
- Prominent corner location
- Built out retail space
- In popular Uptown/Andersonville business district
1st Floor, Ste 1607
Beautifully renovated retail space and premiere corner location in an iconic terra cotta building. Zoned B3-1.5. • 1607 W. Lawrence - 1,000 SF site with option to add 1601 W. Lawrence corner site for a full 2,000+ SF corner site. • All new mechanicals and improvements in 1607 W Lawrence, including: 400-amp electric, dedicated HVAC unit, water heater, freshly painted ceiling. All new HVAC for other units and new rubber-lined roof. • Freshly sand-blasted and sealed exposed brick with historic interior stained-glass window feature. • Newly renovated full basement with 7’ ceilings that is ideal for storage or office use. • Both 1607 and 1601 W Lawrence have a bathroom with option to relocate in the spaces.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Finished Ceilings: 14 ft
- Basement
- Display Window
- Wheelchair Accessible
- Lots of natural light
- Lots of natural light
- Dense population, access to transit
- In the Western Ave North TIF- SBIF eligible
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 1601-1607 W Lawrence Ave , Chicago, IL 60640
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.21/1,000 SF |
| Gross Internal Area | 4,231 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 4,231 SF |
| Year Built | 1980 |
| Parking Ratio | 0.21/1,000 SF |
About the Property
Located in the East Ravenswood/Andersonville neighborhood in Chicago’s Uptown community, the property has convenient access to public transit and ample street parking. The property is surrounded by a dense population, area parks, and a wide variety of entertainment and restaurant/shopping spots. • Proximity to the Metra Lawrence Station (307,000 annual riders), CTA Wilson station, and bus stops. • 15,700 vehicles per day on Lawrence and 30,733 vehicles on Ashland. • 71,000+ population within 1 mile with an average household income of $88,773. • Minutes from lakeside amenities such as the Lakefront Trail and Montrose Beach. • Co-tenants: Delta Mobile and Coco Vietnamese. Area retailers: Mariano’s, LA Fitness, Starbucks, Dunkin’ Donuts, 7-Eleven, Jersey Mike’s, Golden Nugget, Shell Gas, Chase Bank. • Western Ave. North TIF District SBIF funds available in the future. • Ravenswood SSA Façade Rebate Funds available - $5,000 per storefront or per business.
- Bus Route
- Corner Lot
- Signalised Intersection
- Storage Space
- Air Conditioning
Nearby Major Retailers
-
Gina Caruso -
Keith Lord -
The Lord Companies, LLC
Presented by
1601-1607 W Lawrence Ave
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