CROSS STREETS: HALSTED & DIVERSEY
FOR SALE OR LEASE:
PRIME RETAIL/RESTAURANT/OFFICE SPACE
NEIGHBORHOOD: LINCOLN PARK
27O6 N. HALSTED ST.
THE LORD COMPANIES, L.L.C.
|1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
Commercial Space: High-profile retail, restaurant or professional office space on the ground floor of newer 5-story
54-unit condo building.
• 6,145 SF, divisible into up to 3 separate units ranging from 1,300 SF to 2,800 SF
• Purchase could include adjacent 1,500 SF space on long-term lease to dentist
• 100’ of frontage with multiple entries
• 6 dedicated parking spaces in heated basement garage
• 13’+ concrete ceilings with dropped acoustic tiles at 10’.
Delivery Condition: Existing high-end spa/salon finishes with marble flooring, luxury carpet, dimmable LED lighting
and custom millwork. Can be delivered “as is”, as “vanilla box” or as a “turnkey” space (build-out cost to be
amortized as additional rent).
Parking: The property has 6 parking spaces available in a heated garage below the space for $200/mo. per
Zoning: B3-2 (Community Shopping District), 43rd Ward (Ald. Michele Smith)
Usage Restrictions: Bars or nightclubs, massage parlors and retail packaged liquor stores for off-premises
consumption are not allowed, but restaurants, including those serving alcoholic beverages are allowed. There are no
restrictions on hours of operation.
Location: Located in the heart of the Lincoln Park/East Lakeview commercial district with nearly 100,000 affluent
residents within 1 mile. Just 1 block south of Diversey Pkwy, 2 blocks west of the Clark/Broadway/Diversey
intersection and .3 mi to the Diversey CTA station. Nearby businesses include Home Depot, Guitar Center,
Walgreens, Trader Joe’s, Urban Outfitters, and numerous local restaurants and neighborhood businesses.
Traffic Counts: 18,700 vehicles per day (VPD) on Halsted St, 16,800 VPD on Diversey Parkway
Demographics: (2018) 1.0-mi. 3.0-mi.
Population 97,237 451,395
Households 54,054 237,158
Owner Occupied 19,363 (36%) 94,705 (40%)
Renter Occupied 34,691 (64%) 142,452 (60%)
Average Age 34.4 36.2
Average Household Income $117,048 $114,602
Median Household Income $86,043 $84,979
Median Home Value $444,980 $417,340
Lease Rate: $30-$35/SF, gross
Additional Expenses: Real estate taxes and common area maintenance (CAM) expenses are included in the base
rent. Tenant is responsible for their own separately metered gas and electric utilities.
Selling Price: Negotiable
Availability: Depends on delivery condition required and need for demising; available immediately for “as is”