Board of Commissioners of Cook County - File #: 25-2709

• File #: 25-2709
• Version: 1
• Name: Ace Shoe Clinic Lease Amendment
• Type: Lease Agreement Amendment
• Status: Agenda Ready
• File created: 4/28/2025
• In control: Board of Commissioners
• On agenda: 5/15/2025
• Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Request to Approve Amendment to Lease Agreement Landlord: County of Cook, a body politic and corporate of the State of Illinois Tenant: YONG H. PARK and EUN YOUNG SHIN individually, d/b/a Ace Shoe Clinic Location: 69 West Washington Street, Chicago, Illinois, 60602 suite LL-18 Term/Extension Period: 7/1/2025 - 6/30/2030 Space Occupied: 299 sq. ft. Monthly Rent: Term Price/SF Monthly Rent Annual Rent Year 1 $37.58 $936.37 $11,236.42 Year 2 $38.39 $956.55 $11,478.61 Year 3 $39.23 $977.48 $11,729.77 Year 4 $40.10 $999.16 $11,989.90 Year 5 $40.99 $1,021.33 $12,256.01 Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: Tenant shall have the option to renew the lease for an additional five (5) year period, upon, at least thirty (30) days' written notice to Landlord, prior to the expiration of the current term. Termination: N/A Utilities Included:...
• Indexes: JAMES ESSEX, Director, Real Estate Management

title

PROPOSED LEASE AMENDMENT

Department:  Department of Real Estate Management

Request:  Request to Approve Amendment to Lease Agreement

Landlord:  County of Cook, a body politic and corporate of the State of Illinois  

Tenant:  YONG H. PARK and EUN YOUNG SHIN individually, d/b/a Ace Shoe Clinic  

Location:  69 West Washington Street, Chicago, Illinois, 60602 suite LL-18  

Term/Extension Period:  7/1/2025 - 6/30/2030

Space Occupied:  299 sq. ft.

Monthly Rent:        

Term                     Price/SF                     Monthly Rent                     Annual Rent

Year 1                     $37.58                     $936.37                     $11,236.42

Year 2                     $38.39                     $956.55                     $11,478.61

Year 3                     $39.23                     $977.48                     $11,729.77

Year 4                     $40.10                     $999.16                     $11,989.90

Year 5                     $40.99                     $1,021.33                     $12,256.01

Fiscal Impact:  Revenue Generating

Accounts:  N/A 

Option to Renew:  Tenant shall have the option to renew the lease for an additional five (5) year period, upon, at least thirty (30) days' written notice to Landlord, prior to the expiration of the current term. 

Termination:  N/A 

Utilities Included:  Yes

Summary: Requesting approval of 8^th lease amendment with Ace Shoe Clinic, which provides shoe repair and retail services in the lower lobby of 69 W. Washington.

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