CROSS STREETS: HALSTED AND CORNELIA
CAFE/COFFEE SHOP/RETAIL SPACE
3500 N Halsted St, Chicago, IL
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 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
• 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 is responsible for its share of the property’s real estate taxes, building
insurance and common area maintenance (CAM). 2019 real estate taxes were $10.04/SF ($1,400/mo.) and building
insurance and CAM is estimated at approx. $1.20/SF ($170/mo.).
Tenants are also responsible for their own separately metered gas and electric utilities.
Demographics: (2018) 1.0-mi. 3.0-mi.
Population 85,368 402,719
Households 50,088 206,324
Average Household Income $105,608 $109,394
Median Household Income $79,196 $80,040
Median Home Value $357,646 $407,820
Total Specified Consumer Spending ($000) $1,243,617 $5,326,923