CROSS STREETS:  HALSTED AND CORNELIA
FOR LEASE:
CAFE/COFFEE SHOP/RETAIL SPACE
NEIGHBORHOOD: BOYSTOWN/WRIGLEYVILLE
3500 N Halsted St, Chicago, IL
THE LORD COMPANIES, L.L.C.
Scott Fithian
Office: 312.944.6270
Fax: 312.944.3759
scott@lordcompanies.com

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1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
Commercial Space:

High profile corner café/coffee shop/retail space on the 1st floor of a newer 4-story mixed-use condo building with 25
high-end condos above the commercial space.
• 1,686 rentable SF
• 75’ of frontage around the corner of Halsted & Cornelia with large front windows and exterior signage available on
both streets.
• Fully fixtured former Caribou/Peet’s Coffee shop space
• Sidewalk café seating area available on the corner

Delivery Condition:

This space is in “move-in” condition with high quality finishes including wide plank wood floors, marble and stainless
steel prep & display counters, extensive refrigeration equipment, 2 ADA washrooms, etc.

Location:

This site is located on the northwest corner of Halsted Street and Cornelia Avenue just south of Addison Avenue.
This location is in the heart of the vibrant Boystown night life scene and close to the Wrigley Field
restaurant/bar/entertainment scene. It is surrounded by numerous specialty retailers, bars and restaurants. Other
significant establishments in the area include the 23rd Precinct Chicago Police station, Whole Foods, the Center on
Halsted, and the Salvation Army School for Officer’s Training.

The CTA #8 bus line stops directly in front of this space. It is less than 1⁄2 mile to Wrigley Field and the Red Line
subway station and it is less than 1 mile to Lake Shore Drive at either Irving Park or Belmont Ave. There are
several parking lots in the area as well as extensive metered street parking on Halsted and free parking on Cornelia.

Traffic Counts:

18,050 vehicles per day (VPD) on Halsted Street + 16,000 VPD on Addison Street, 142,000 VPD on Lake Shore
Drive
Zoning/ Usage Restrictions:

C1 (Neighborhood Commercial District) allows a very broad range of small-scale, business, service and commercial
uses including salons/spas without requiring any type of special use.Food uses requiring “black iron”, bars, taverns
and liquor stores are not currently permitted by the condo declarations but other food uses that use convection
ovens, steam tables and other electric heating devices, coffee roasting or newer technology ventilation systems
that don’t require “black iron” would be permitted.

Lease Rate:

$35 – $40/SF, NNN [Negotiable subject to tenant credit and lease term]

Pass-through Expenses:

Tenant will be responsible for its share of the property’s real estate taxes, building insurance and common area
maintenance (CAM). 2018 real estate taxes were $12.25/SF ($1,721/mo.) and building insurance and CAM
is estimated at approx. $1.15/SF ($160/mo.). Tenants are also responsible for their own separately metered gas
and
electric utilities.

Availability:

Immediate
Demographics: (2018)                       1.0-mi.                  3.0-mi.
Population
                                           95,403                  400,015
Households
                                         55,332                  206,352
Average Household Income
                $106,771              $107,407
Median Household Income
                  $77,935                $78,066
Median Home Value
                            $358,858              $388,647