



DESCRIPTION
Onterie Center is conveniently located in Streeterville just west of Lake
Shore Drive. It is adjacent to the W Hotel and directly across from the 680
N Lake Shore Drive Building that is the headquarters for Playboy
Enterprises. The building has entrances on Ontario for
the medical office and commercial space and on Erie for the residential
apartments. The retail space is located next to the building’s residential
entry on Erie. This site is surrounded by upscale residential and mixed-
use developments with a myriad of restaurant, retail, and office users.
The building has outstanding access to public transportation, Lake Shore
Drive, and I-90. Additionally, its proximity to the Northwestern
Medical Campus and destination-oriented locations, such as the "W" hotel
and Navy Pier, make this an extremely desirable location. Other nearby
businesses include Treasure Island supermarket, Ace Hardware, Bistro
Pacific restaurant, and the Northwestern Medical Campus hospitals and
physician offices. The building itself houses over 100,000 square feet of
medical office space occupied by Northwestern Memorial Hospital and
Rehabilitation Institute, a 10,000 square foot KinderCare Learning Center,
600+ luxury apartment units and an on-site parking garage.
Traffic Counts:
9,000 vehicles per day (VPD) on Ontario Street, 23,700 VPD on N
Fairbanks and 133,000 VPD on N Lake Shore Drive.
Retail Space:
- Approx. 2,400 rentable SF plus up to 1,000 SF of non-contiguous
storage space.
- Over 40’ of frontage with full-size windows for outstanding visibility.
- Interior entry from building lobby plus exterior entry from street.
- Potential for sidewalk dining area.
- Extensive signage opportunities.
- Direct access to loading dock in rear for deliveries.
- PD (planned development) zoning allows virtually all commercial
uses with no need for special use permits
- “Black iron” ventilation can be accommodated
The ideal users would be an upscale café/restaurant, boutique
market/convenience store, bakery, medical/professional office, boutique
retail shop, or a small showroom.
Delivery Condition:
This space will be delivered as a “vanilla box”, with tenant-controlled
HVAC systems, finished ceiling, washroom and concrete sub-floors ready
for Tenant’s final flooring
choice. Tenant-specific build-out could be amortized into the lease rate by
the landlord based on tenant credit and lease term.
Pricing:
$45-$50/SF, modified gross
Real Estate Taxes and Assessments:
Current real estate taxes and common area maintenance expenses
(including building insurance) are included in the base rent. Tenant will be
responsible for their pro rated share of increases in these expenses.
Availability:
Immediate
FOR LEASE
PRIME RETAIL SPACE
NEIGHBORHOOD: STREETERVILLE
441 E. ERIE
THE LORD COMPANIES, L.L.C.
CROSS STREETS: Erie & Lake Shore Dr.