Retail For Lease

Overview

Highlights

• - Jeweler’s Row District of Chicago’s Loop.
• - 6,021 SF first floor retail lease space with a 4,000 SF+ basement which can be used for storage, a prep-kitchen, a vault, etc. within a 5 story, 40,000 square foot, Chicago landmark structure built in 1882.
• - Possibility of uses: bar/restaurant, bank, art gallery, high-tech retailers, etc.
• - First floor: 50 feet of frontage on Wabash, 166 feet deep, 17 feet of ceiling height, 20 feet of column spacing, 15 inches of column width.
• - Basement: 46 feet wide, 134 feet deep, 9 feet of ceiling height with 7 feet of ceiling height to the horizontal support beams.
• - Zoning: DX-16.
• - Landlord prefers to offer a 10-year lease with two 5-year options.
• - Asking $40.00 per square foot modified gross rental rate for the first floor; the basement space is included at no charge.
• - A tenant improvement allowance (TI) is available.
• - There is ducting from the first floor to the roof which will allow for the installation of a black iron exhaust hood with fire suppression system for a restaurant operation.
• - 2% tenant representative broker compensation for the initial 10-year lease term.
• - Proof of Funds Required Prior to Showing.

Description

Jeweler’s Row District of Chicago’s Loop. 6,021 SF first floor retail lease space with a 4,000 SF+ basement which can be used for storage, a prep-kitchen, a vault, etc. within a 5 story 40,000, square foot, Chicago landmark structure built in 1882. Possibility of uses: bar/restaurant, bank, art gallery, high-tech retailers, etc. First floor: 50 feet of frontage on Wabash, 166 feet deep, 17 feet of ceiling height, 20 feet of column spacing, 15 inches of column width. Basement: 46 feet wide, 134 feet deep, 9 feet of ceiling height with 7 feet of ceiling height to the horizontal support beams. Zoning: DX-16. Landlord prefers to offer a 10-year lease with two 5-year options. Asking $40.00 per square foot modified gross rental rate for the first floor; the basement space is included at no charge. A tenant improvement allowance (TI) is available. There is ducting from the first floor to the roof which will allow for the installation of a black iron exhaust hood with fire suppression system for a restaurant operation. Proof of Funds Required Prior to Showing.

Location

Discover the vibrant surroundings of the property located in the heart of Chicago's Loop district. With convenient access to iconic landmarks such as Millennium Park, Art Institute of Chicago, and the historic Chicago Cultural Center, this area is teeming with cultural attractions. Nearby dining options include a variety of renowned restaurants, offering diverse culinary experiences. The property's proximity to public transportation ensures easy commuting for employees. With the bustling energy of the city right at your doorstep, the location offers a dynamic and inspiring environment for businesses looking to thrive in the heart of Chicago.

Contact Broker

Available Space (6,021 SF)

17 S. Wabash Avenue

Additional 4,000 SF in basement - included.