River Plaza Retail Lease

Chicago, IL (Cook County)

River Plaza Retail Lease
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Lease Rate: $70 /SF/Year

Exp./Sq. Ft.: N/A

Min Space: 5,301

Max Space: 2,482

Year Built: 1976

River Plaza Retail Lease

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Property Description

Space One (East Space): 5,301 SF (divisible) of open, raw space with high ceilings, formerly used a grocery store that served as an amenity to the building, as well as the captivated audience in the densely-populated immediate area. Landlord contributions/tenant improvement dollars available. Base Rent = $70/SF/Yr (NNN). NNN Pass-through Rent = $22/SF/Yr. Available now.

Space Two (West Space--P1NW--Renelle): 2,482 SF of modern, gorgeous, built-out space with high ceilings, currently being used as the Renelle on the River condo sales office. Landlord contributions/tenant improvement dollars available. Base Rent = $70/SF/Yr (NNN). NNN Pass-through Rent = $22/SF/Yr. Available 4/1/19.

This is a highly sought-after, exciting and versatile venue, ideal for use as a restaurant, retail store, grocer, convenience store, medical office, technology firm, or professional services firm.

These River Plaza retail spaces are situated along the Chicago River, between Trump Tower and The Wrigley Building, across North Michigan Avenue from The Apple Store, across North Wabash Avenue from The Langham Hotel, and next door to the ultra-luxury residential high-rise development, Renelle on the River.

Fronting an entrance to the River Walk, river boat tour passengers are dropped off at the property's doorstep.

The site presents the opportunity to lease a North Michigan Avenue locale steps from the world-renowned Mag Mile, 150 feet from North Michigan Avenue in the vibrant Apple Store-Wrigley Plaza area above Rush Street, at a cost that fits your budget.

Capture the exposure of North Michigan Avenue, and the draw of retail traffic, at a fraction of the monthly rent.

Why pay $500/SF, when you can pay $70/SF?

High-density customer base within building: 51-story, 697-unit residential condo building above commercial space.

Co-tenants include Athletico, Beacon Tavern, and Bongiorno's Cucina Italiana & Pizzeria.

Major Cross Streets: North Michigan Avenue and East Wacker Drive.

42,000 daily vehicles.

43,000 daily pedestrians.

The neighborhood commands $1.9 billion in annual retail sales.

Year Built: 1976.

Year Renovated: 2016.

Zoning: PD 113.

Ward 42: Alderman Brendan Reilly.

See attachments and video links below.

Attached Documents


Detailed Information

Location:
Chicago, IL
Type:
Retail
Building Status:
Established
Rent:
$5.83 Per Square Foot Per Month
Facilities:
1st Floor, Ste East Space Rental Rate $70.00 /SF/Yr Lease Term 10 Years Service Type Triple Net Date Available Now RIVER PLAZA RETAIL, ALONG THE CHICAGO RIVER, BETWEEN TRUMP TOWER & THE WRIGLEY BUILDING. 5,301 SF (divisible) of open, raw space with high ceilings, formerly used a grocery store. Landlord contributions/tenant improvement dollars available. Base Rent = $70/SF/Yr (NNN). NNN Pass-through Rent = $22/SF/Yr. Available now. 1st Floor, Ste West Space--P1NW Rental Rate $70.00 /SF/Yr Date Available March 01, 2019 Service Type Triple Net Space Use Retail Space Available 2,482 SF Build Out As Professional Services Space Type Relet Floor 1st Floor Lease Term 10 Years Space Available 5,301 SF Space Use Retail Space Type Relet Floor 1st Floor. RIVER PLAZA RETAIL, ALONG THE CHICAGO RIVER, BETWEEN TRUMP TOWER & THE WRIGLEY BUILDING. 2,482 SF of modern, gorgeous, built-out space with high ceilings, currently being used as the Renelle on the River condo sales office. Landlord contributions/tenant improvement dollars available. Base Rent = $70/SF/Yr (NNN). NNN Pass-through Rent = $22/SF/Yr. Available 4/1/19. Highlights 5,301 SQ. FT. of Open, Raw Space with High Ceilings or 2,482 SQ. FT. of Built-out Space with High Ceilings 150 FT. from Michigan Avenue 43,000 Daily Pedestrians Along the Chicago River--Fronts an Entrance to the River Walk 42,000 Daily Vehicles Landlord Contributions; Co-Tenants include: Athletico and Beacon Tavern; Free Michael Jackson poster with signed lease. ; ) Amenities 24 Hour Availability Air Conditioning Atrium Central Heating Property Manager on Site High Ceilings Restaurant Kitchen Facilities Signage Direct Elevator Exposure Waterfront
Triple Net Lease:
No
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Becca Lundstrom

Property Listed By:
Becca Lundstrom

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