Commercial FAQ’s.
Whether you’re a landlord looking to fill a vacancy, or a business looking for a new brick and mortar store, entering the real estate market often comes with a myriad of questions. This FAQ guide aims to address common queries and provide clarity on key aspects of leasing. Our goal is to equip you with clear information to help you make informed decisions in the dynamic real estate landscape.
Common
Landlord’s Questions.
Here you can find insightful answers and expert guidance to help you navigate the complexities of property leasing with confidence and clarity.
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Depending on how competitively you price your space, you should expect offers within the first month of listing. We will help you evaluate your unit’s value and make a game plan to be marketable and competitive. Once you have an accepted Letter of Intent, the typical closing time is 2-4 weeks.
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Yes! We provide professional photography free of charge with every listing, and we ensure custom signage is installed on every unit. Your listing is promoted online via Loopnet, Crexi, MLS, and paid targeted advertising. We also have thousands of active contacts in our database, which often leads to units being rented privately.
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Our set rate is 6% plus $495, paid at closing. We compensate the tenant’s broker, and there are no upfront or hidden fees.
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We’re here to help! We specialize in Northside real estate, focusing on Lakeview, Lincoln Park, Wicker Park, Logan Square, Buena Park, Uptown, Edgewater, Ravenswood, Roscoe Village, and Lincoln Square. Within those, we’ve assisted in leasing dozens of storefronts of various sizes and uses. See our About Us (link) tab for more information
Common
Tenant’s Questions.
We’ll work together to identify and help you lease your new commercial space. Use the link below to find out to fill out the storefront questionnaire.
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Most storefronts come on the market once they are actively vacant. This means once we tour a suitable option, the lease signing can be 3-4 weeks after an agreed upon Letter of Intent (LOI)
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It starts with filling out the storefront finder form. From there, we cross-check your requirements with our database of exclusive units, and set up tours for you to see them in person.
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Choosing us as your tenant’s realtor team is completely free. Our fee is paid by the landlord at lease signing. We have no upfront or hidden fees, and our time together won’t cost you a penny.
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If you do not require a special use permit, the city of Chicago can turn around a business license 30-60 days.
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The average deposit in Chicago is 1-3 months’ rent. At lease signing, you will need to pay your deposit, plus first paid month’s rent.