
701 N Wells
Rent: $10,000 per month, modified gross
1,720 Square Feet Spanning across two levels:
= 1,120 SF on Ground + 610 SF on Lower Level
Back on the market, as of Sept 1, 2023. The all-in rent is $10,000 per month, which includes real estate taxes, condo fees, building insurance and CAM. The ground floor is 1,120 SF and is an open floor plan for a cafe with three counter space, built-in retail shelving, walk-up pickup window facing Huron St and one ADA bathroom. The lower level is 610 SF which is home to walk-in coolers, upright freezers, prep sinks, prep tables, and loading area access. All the FF&E you see in the photos will be available for the new operator to use. Anything not needed will be auctioned/sold by the Landlord. A liquor license is possible, but will require a lengthy condo board approval process. Further, if occupancy exceeds 30 persons, Tenant will likely need to add a 2nd ADA bathroom. No black iron in the space for cooking. A type 2 hood may be installed by the Tenant.
Brochure for Download
RENT SCHEDULE = $10,000 per month
Comprised of:
Base Rent: $6,603.72
Real Estate Taxes: $2,250.00
Condo Assessments: $584.88
Insurance: $354.58
Operating Expenses: $206.82
Matterport 3D Tour
Permit Set Drawings