CROSS STREETS: HALSTED & DIVERSEY
FOR SALE OR LEASE:
PRIME RETAIL/RESTAURANT/OFFICE SPACE
NEIGHBORHOOD: LINCOLN PARK
27O4-06 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.
• 2-1 separate storefront spaces still available for lease
➢ ~1,400 SF south space – 25’ frontage, former manicure/pedicure area for day spa pending lease with physical
➢ ~2,700 SF north space – 37’ frontage, former massage, hydrotherapy and back office space for day spa (LOI
in negotiation with national credit tenant)
• 12’ ceilings with dropped ceilings at 10’.
Delivery Condition: Existing high-end spa/salon finishes with extensive plumbing. Can be delivered “as is”, as a
“vanilla box” or as a “turnkey” space (tenant improvement allowance (TI) or landlord build-out cost to be amortized
Parking: The property has 6 parking spaces available in a heated garage behind and below the space for
$200/mo. per parking space.
Zoning: B3-2 (Community Shopping District), 43rd Ward (Ald. Michele Smith)
Usage Restrictions: Bars, nightclubs, massage parlors and retail packaged liquor stores are not allowed, but
restaurants, including those serving alcoholic beverages are allowed. There are no restrictions on hours of
Location: Located in the heart of the Lincoln Park/East Lakeview commercial district with over 100,000 affluent
residents within 1 mile. 1 block south of Diversey Pkwy, 2 blocks west of the Clark/Broadway/Diversey intersection
and 0.3 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 Pkwy
Demographics: (2018) 1.0-mi. 3.0-mi.
Population 101,614 459,290
Households 56,007 240,071
Average Household Income $117,717 $115,962
Median Household Income $88,757 $86,228
Median Home Value $459,486 $435,261
Total Specified Consumer Spending ($000) $1,500,017 $6,386,467
Lease Rate: $30/SF, modified gross
Additional Expenses: Real estate taxes ($4.17/SF in 2019) are included in the base rent. Tenant is
responsible for their share of common area maintenance (CAM) expenses (~$1/SF) and their own separately
metered gas and electric utilities.
Selling Price: Negotiable ($300 - $325/SF depending on space). Purchase could include adjacent 1,500 SF
space on long-term lease to dentist and 2,000 SF center space on pending long-term lease to Dunkin’ Donuts.
Availability: Available immediately in “as is” condition, ~30 days for “vanilla box” .