2706 N Halsted St #2

FOR LEASE OR SALE
PRIME RETAIL, PROFESSIONAL/MEDICAL OFFICE SPACE

Cross Streets: Halsted St & Diversey Pkwy

COMMERCIAL SPACE:

High-profile retail, salon or professional/medical office space on the ground floor of newer 5-story 54-unit condo building.
• ~1,400 SF with 24’ frontage
• 12’ ceiling height to concrete deck with dropped ceilings at 10’.

DELIVERY CONDITION: This space was formerly the manicure/pedicure/facial/retail portion of a high-end day spa with extensive plumbing and upgraded HVAC & electrical service. The space has a new epoxy floor, new marble-tiled bathroom and new ceiling lighting. All of the former plumbing has been “capped off” but is still accessible.

Can be delivered in current “move-in ready” condition or as a “turnkey” space based on tenant-specific plans.

PARKING: Up to 2 parking spaces are available in the building’s heated garage 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 operation.

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 Dom’s Kitchen & Market, 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: (2020)                                      1.0-mi.       3.0-mi.

BASE RENT: $4,000/month ($34/SF) for 1,400 SF space in current “ready to open” condition; ~$7,000/month ($31/SF) + amortization of any tenant improvement allowance for 2,700 SF space$4,000/month ($34/SF) for 1,400 SF space in current “ready to open” condition + amortization of any tenant improvement allowance.

ADDITIONAL EXPENSES: Real estate taxes ($4.97/SF in 2021) are included in the base rent. Tenants are responsible for their share of common area maintenance (CAM) expenses (~$0.50/SF) and their own separately metered gas and electric utilities.

SALE PRICE:$489,000

AVAILABILITY: Immediate for “as is” delivery

Scott Fithian
773-404-4314
scott@lordcompanies.com