823 W Eastman St
Neighborhood: Clybourn/Halsted Corridor
Cross Streets: Eastman St & Halsted St
COMMERCIAL SPACE: This ground floor commercial space is on the northwest corner of a 22,000 SF multi-tenant one and two-story heavy timber building.
• ~1,700 SF with 80’ of frontage around the corner of Eastman and Dayton
• 15 – 17’ ceiling height with only 1 column in the space
• Large windows on both sides
• Loading zones on both streets
Other building tenants include The British School and Bright Horizons Preschool.
DELIVERY CONDITION: This space has 2 black iron stacks and separate men’s and women’s restrooms but all of the kitchen equipment and other wall partitions have been removed. The landlord can contribute to tenant’s build-out by amortizing the tenant improvement allowance over the lease term.
LOCATION: Located in Lincoln Park just south of the busiest retail shopping district on Chicago’s north side at North Ave, Clybourn, and Halsted. It is directly across the street from the British School and 1⁄2 block west of the New City development with 370,000 SF of new retail space including a new Mariano’s gourmet supermarket, a 14-screen ArcLight Cinemas, and Dick’s Sporting Goods.
Major area retailers include REI, PetSmart, buybuyBaby, Whole Foods, Mariano’s, Dick’s Sporting Goods, Apple, Crate & Barrel, Container Store, Nordstrom Rack, West Elm, Target, Best Buy, Bed Bath & Beyond, Crate & Barrel, Trader Joe’s, Aldi, The Home Depot and dozens of other national, regional and local merchants.
DEMOGRAPHICS (2020) 2.0-mi.
Daytime Employment 91,542
Average Household Income $115,226
Total Retail Sales ($ Billion) $4.69 B
TRAFFIC COUNTS: 30,000 VPD on W North Ave, 22,000 VPD at Halsted Street & Clybourn Ave, 1,200 VPD on W Eastman St
ZONING: Zoning: C3-5 (Commercial, Manufacturing and Employment District) accommodates a very broad range of retail, service, commercial and manufacturing uses including salons, bar/restaurants and the like.
PARKING: Previous tenants have been able to arrange validated parking in the public garage in the British School building across the street. Street parking in the area is free.
LEASE RATE: $36 – $40/SF ($5,100 – $5,666/month), NNN Pass-through
EXPENSES: Tenant is responsible for their pro-rata share of real estate taxes, property maintenance (CAM), and building insurance for this property, which are currently estimated at approx. $11/SF ($1,600/month).