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542-566 W Roosevelt Rd
2,221 SF of Retail Space Available in Chicago, IL 60607
Highlights
- Prime retail location at the NEC of the signalized intersection at Roosevelt Road & Clinton Street featuring visibility to approx. ~32,800 VPD
- Recent renovations (2017) to the property include: new roof, updated facade, plumbing and electrical
- The property features a surface level parking lot in back of the property for customer and employee parking
- Located 1/2 block east of the Dan Ryan Expressway (I-90/I-94) access ramps
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 542 | 2,221 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor, Ste 542
2,221 SF end cap space available for lease at the NWC of the signalized intersection at Roosevelt Road & Clinton Street in Chicago's South Loop. The storefront offers an opportunity to join co-tenants Sola Salon, Fox Brothers, Eppel's Restaurant, Chicago Uniform Company, and Ike's Tailor at a strip center within a bustling commercial corridor. The storefront offers prospective tenants exposure to ~32,800 VPD, along with convenient accessibility located less than one (1) mile from the Dan Ryan Expressway (I-90/I-94), the Halsted Metra Station, and the Clinton "L" Stop (blue line). The center is located just east of University of Illinois Chicago's downtown campus, which has an enrollment of approximately 34,000 undergraduate students. Nearby retailers include: Bob's Discount Furniture, Jewel Osco, Whole Foods, Home Depot, JoAnn's, Best Buy, Portillos, Ashley's Home Furniture, Walgreens, Binny's Beverage Depot, LA Fitness, Staples, Nordstrom Rack, H&M, Ulta Beauty, Marshalls, among many others.
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
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 542-566 W Roosevelt Rd , Chicago, IL 60607
| Property Type | Retail | Year Built | 1964 |
| Property Subtype | Storefront | Parking Ratio | 1.14/1,000 SF |
| Gross Internal Area | 24,558 SF | Cross Streets | NWC Roosevelt & Jefferson |
| Total Land Area | 0.73 AC |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 24,558 SF |
| Total Land Area | 0.73 AC |
| Year Built | 1964 |
| Parking Ratio | 1.14/1,000 SF |
| Cross Streets | NWC Roosevelt & Jefferson |
About the Property
2,221 SF end cap space available for lease at the NWC of the signalized intersection at Roosevelt Road & Clinton Street in Chicago's South Loop. The storefront offers an opportunity to join co-tenants Sola Salon, Fox Brothers, Eppel's Restaurant, Chicago Uniform Company, and Ike's Tailor at a strip center within a bustling commercial corridor. The storefront offers prospective tenants exposure to ~32,800 VPD, along with convenient accessibility located less than one (1) mile from the Dan Ryan Expressway (I-90/I-94), the Halsted Metra Station, and the Clinton "L" Stop (blue line). The center is located just east of University of Illinois Chicago's downtown campus, which has an enrollment of approximately 34,000 undergraduate students. Nearby retailers include: Bob's Discount Furniture, Jewel Osco, Whole Foods, Home Depot, JoAnn's, Best Buy, Portillos, Ashley's Home Furniture, Walgreens, Binny's Beverage Depot, LA Fitness, Staples, Nordstrom Rack, H&M, Ulta Beauty, Marshalls, among many others.
- Air Conditioning
Nearby Major Retailers
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Power Broker Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
542-566 W Roosevelt Rd
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