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MIXED-USE building710 BROADWAY STREET

BRADLEY, ILLINOIS 60915

NRT

PAUL PROANOCOMMERCIAL REAL ESTATE ADVISOR312-860-4043 DIRECT

[email protected]

NRT

MIXED-USE BUILDING710 W. BROADWAY STREET, BRADLEY, IL

DISCLAIMER STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

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PROPERTYOVERVIEW

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Coldwell Banker Commercial NRT is pleased to offer the property located at 710 W. Broadway Street, Bradley, Illinois. The property has approximately 17,856 square feet with a land area of 46,960 square feet.

The building is currently one unit and most recently used as a fitness center facility. The space could easily be divided. It’s a large building with many possibilities.

property overview

PROPERTY Highlights• Former fitness center facility• B2 zoning• Two-story large building• Prime location• 71 parking spaces• Space can easily be divided

Sale Price: $399,000

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property summary

Property Type: Mixed-useFitness Center/Retail

Property Address: 710 W. Broadway Street, Bradley, IL 60915(Kankakee County)

Sale Price: $399,000

Parcel: 17-09-29-128-019

Zoning: B-2

Taxes: $14,387.40 (2016)

The offering

Operated by NRT LLC. The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources such as public records. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property.

Building Size: 17.856 SF

Lot Size: 46,960 SFParking: 71 spaces

Electricity: Circuit Breakers (Separate Meters)

Heat/Ventilation: Ceiling Units, Central Building Heat, Central Heat/Individual Controls, Forced Air, Gas

Air Conditioning: Central Air

Fire Protection: Alarm Monitored, Alarm On Site, Ansul Sys-tem, Fire Extinguisher/s, Smoke or FireProtectors

Construction: Brick, Concrete, Concrete Block

Exterior Material: Brick, Block

BUILDING description

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MLS SHEET

Mixed Use MLS #: 09998556 List Price: $399,000Status: NEW List Date: 06/26/2018Orig List Price: $399,000Area: 4501 List Dt Rec: 06/26/2018Sold Price:Address: 710 W Broadway St , Bradley, IL 60915Directions: Route 50 to Broadway. West on Broadway.

List. Mkt Time:3 Rented Price:Closed Date: Contract: Lease Price SF/Y: $0Off Mkt Date: Concessions: Mthly. Rnt. Price:Township: Bourbonnais Unincorporated: CTGF:Coordinates: Subdivision:Year Built: 0000 Built Before 78: No # of Stories: 2

Zoning Type: Commercial PIN #:17092912801900 (Map)

Multiple PINs: No

Actual Zoning: B2 County:Kankakee Owners Assoc:Subtype: Ofc/Store Lease Type:Lot Dimensions:BUILDING-320X125 PARKING -48X145 Estimated Cam/Sf:Land Sq Ft: 46960 Apx. Total SF: 17856 Est Tax per SF/Y:

Remarks: Huge development opportunity with 49,960 Sq. and within that Lot is a 17,856 sq. foot building with manypossibilities! Prime location. Ample parking. Potential uses (Retail Stores, Dollar store, Auto Car Dealership, Auto repair &Tire Service, Health Medical Center, Gym, Pet food Supply, Furniture store).Total # Units: 1# Dishwashers:# Disposals:

Total # Tenants:# Washers:# Fireplaces:

Total # Apartments:0# Dryers:# Refrigerators:

Total # Offices:0W/D Leased?:# Window AC:

Total # Stores:0# Ranges:

Approx Age:36-50 YearsType Ownership:Frontage/Access:Current Use:Potential Use:Client Needs:Client Will:Known Encumbrances:Location:Geographic Locale:South SuburbanConstruction:Brick, Concrete, ConcreteBlockExterior:Brick, BlockFoundation:

Roof Structure:Roof Coverings:Docks/Delivery:Misc. Outside:# Parking Spaces:71Indoor Parking:Outdoor Parking:Misc. Inside:Floor Finish:Air Conditioning:Central AirElectricity:Circuit Breakers, SeparateMetersHeat/Ventilation:Ceiling Units, CentralBldg Heat, Central Heat/Indiv Controls,Forced Air, GasFire Protection:Alarm Monitored, AlarmOn Site, Ansul System, FireExtinguisher/s, Smoke or FireProtectors

Water Drainage:Utilities To Site:Tenant Pays:OtherEquiptment:HERS Index Score:Green Disc:Green Rating Source:Green Feats:Backup Info:Sale Terms:Possession:Closing

Gross Rental Income: $0Gross Rent Multiplier: 0Total Annual Expenses: $0Annual Net Operating Income:$0Total Monthly Income: $0Real Estate Taxes: $14,465

Expense Source:Net Operating Income Year:Total Annual Income: $0Tax Year: 2017Expense Year: 2017Cap Rate:

Fuel Expense ($/src): $0/Electricity Expense ($/src): $0/Water Expense ($/src): $0/Scavenger Expense ($/src):$0/Insurance Expense ($/src): $0/Other Expense ($/src): $0/

Broker: Coldwell Banker Residential Ph #:(312) 943-1959 Team:List Agent:Gary Richter Ph #:(773) 243-9000 Email:[email protected]

Co-lister: Paul Proano Ph #: More Agent Contact Info:PAULPROANO

Copyright 2018 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUEDILIGENCE.

MLS #: 09998556 Prepared By: Paul Proano | Coldwell Banker Commercial NRT | 06/28/2018 08:50 AM

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locationOVERVIEW

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LOCATION OVERVIEW

The Village of Bradley is centrally located in Kankakee County, approximately 55 minutes south of Chicago. It is a principal city of the Kankakee–Bradley Metropolitan Statistical Area, which includes all of Kankakee County. The county is also part of the larger Chicago–Naperville–Michigan City, IL-IN-WI Combined Statistical Area. The population was 15,871 in 2012.

It is readily accessible via several major roadways, including Interstate 57, Illinois Route 50 and U.S. Routes 45 and 52. Train service is available in nearby Kankakee. Metra rail service to Chicago requires travel to various communities further north.

Bradley was incorporated in 1892. The original business district situated on Broadway Street and Kennedy Drive, and is surrounded by older residential housing. Most of he new commercial development is occurring at the north edge of the Village near the Interstate 57 interchange with Illinois Route 50 (Kinzie Avenue). There are several industrial districts and a number of smaller commercial districts in the Village.

Three public elementary schools are located within the Village boundary, as is Bradley-Bourbonnais Community High School. Olivet Nazarene University is also within a short distance of the Village boundary, in Bourbonnais.

A number of large employers are also located in Bourbonnais Township, which encompasses Bradley, Bourbonnais and a portion of Kankakee. International corporations include Centeon, Bunge, Peddinghaus and Van Leer. National corporations include Crown Cork and Seal, Cigna, Birmingham Steel and CBI Services.

Recreational facilities in the are include golf courses in Bourbonnais and nearby Manteno. A campground is located just west of Bourbonnais. The Kankakee river State Park is located in the northwest portion of Bourbonnais Township. Shopping and dining facilities include those around Northfield Square Mall on the north side of town.

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LOCATION OVERVIEW

710 W. BROADWAY

710 W. ROADWAY

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LOCATION OVERVIEW

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PROPERTYPHOTOGRAPHS

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photographs

BUILDING FRONT ENTRANCE PARKING LOT AREA

INTERIOR INTERIOR

INTERIOR PARKING LOT AREA

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RADIUSDEMOGRAPHICS

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TRAFFIC COUNT MAP

Traffic Count Map - Close Up710 W Broadway St, Bradley, Illinois, 60915 Prepared by EsriRings: 3, 5, 10 mile radii Latitude: 41.14304

Longitude: -87.87128

Source: ©2018 Kalibrate Technologies (Q1 2018).

June 27, 2018

©2018 Esri Page 1 of 1

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DEMOGRAPHICS: 3, 5, 10 MILE RADIUS

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KEY FACTS: 10 MILE RADIUS

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DEMOGRAPHIC REPORT

Demographic and Income Comparison Profile710 W Broadway St, Bradley, Illinois, 60915 Prepared by EsriRings: 3, 5, 10 mile radii Latitude: 41.14304

Longitude: -87.871283 miles 5 miles 10 miles

Census 2010 SummaryPopulation 63,190 72,994 95,407Households 22,856 26,216 34,729Families 15,263 17,737 23,832Average Household Size 2.61 2.63 2.61Owner Occupied Housing Units 13,974 16,704 23,433Renter Occupied Housing Units 8,882 9,512 11,296Median Age 33.3 34.1 35.9

2018 SummaryPopulation 61,352 71,088 93,008Households 22,240 25,582 34,009Families 14,644 17,077 23,030Average Household Size 2.59 2.62 2.59Owner Occupied Housing Units 13,953 16,698 23,443Renter Occupied Housing Units 8,288 8,884 10,566Median Age 34.8 35.5 37.2Median Household Income $48,759 $50,190 $53,347Average Household Income $64,884 $66,901 $70,284

2023 SummaryPopulation 59,777 69,332 90,773Households 21,686 24,969 33,239Families 14,198 16,579 22,390Average Household Size 2.59 2.61 2.58Owner Occupied Housing Units 13,885 16,606 23,306Renter Occupied Housing Units 7,802 8,363 9,933Median Age 35.5 36.3 37.9Median Household Income $51,762 $53,097 $57,072Average Household Income $72,495 $74,942 $79,092

Trends: 2018-2023 Annual RatePopulation -0.52% -0.50% -0.49%Households -0.50% -0.48% -0.46%Families -0.62% -0.59% -0.56%Owner Households -0.10% -0.11% -0.12%Median Household Income 1.20% 1.13% 1.36%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

June 27, 2018




10 miles

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

1.5

1

0.5

0

-0.5Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

< $15K12.8%

$15K - $24K10.6%

$25K - $34K9.2%

$35K - $49K14.0%

$50K - $74K17.7%

$75K - $99K13.4%

$100K - $149K14.5%

$150K - $199K4.5%

$200K+3.3%

2018 Population by Race2018 Population by Race

Perc

ent

757065605550454035302520151050

White Black Am.Ind. Asian Pacific Other Two+ Hisp


June 27, 2018


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DEMOGRAPHIC REPORT



2018 Households by Income Number Percent Number Percent Number Percent<$15,000 3,272 14.7% 3,714 14.5% 4,349 12.8%$15,000 - $24,999 2,531 11.4% 2,845 11.1% 3,617 10.6%$25,000 - $34,999 2,198 9.9% 2,502 9.8% 3,145 9.2%$35,000 - $49,999 3,326 15.0% 3,678 14.4% 4,759 14.0%$50,000 - $74,999 3,919 17.6% 4,477 17.5% 6,030 17.7%$75,000 - $99,999 2,635 11.8% 3,092 12.1% 4,564 13.4%$100,000 - $149,999 2,870 12.9% 3,419 13.4% 4,916 14.5%$150,000 - $199,999 935 4.2% 1,100 4.3% 1,522 4.5%$200,000+ 555 2.5% 754 2.9% 1,107 3.3%

Median Household Income $48,759 $50,190 $53,347Average Household Income $64,884 $66,901 $70,284Per Capita Income $25,156 $25,778 $27,321

2023 Households by Income Number Percent Number Percent Number Percent<$15,000 3,047 14.1% 3,458 13.8% 4,046 12.2%$15,000 - $24,999 2,246 10.4% 2,524 10.1% 3,190 9.6%$25,000 - $34,999 2,034 9.4% 2,309 9.2% 2,880 8.7%$35,000 - $49,999 3,146 14.5% 3,475 13.9% 4,471 13.5%$50,000 - $74,999 3,638 16.8% 4,149 16.6% 5,556 16.7%$75,000 - $99,999 2,609 12.0% 3,059 12.3% 4,492 13.5%$100,000 - $149,999 3,137 14.5% 3,723 14.9% 5,329 16.0%$150,000 - $199,999 1,114 5.1% 1,302 5.2% 1,822 5.5%$200,000+ 714 3.3% 969 3.9% 1,453 4.4%

Median Household Income $51,762 $53,097 $57,072Average Household Income $72,495 $74,942 $79,092Per Capita Income $27,956 $28,735 $30,622

Data Note: Income is expressed in current dollars.


June 27, 2018




10 miles

AreaStateUSA

Trends 2018-2023Trends 2018-2023Ann

ual R

ate

(in

perc

ent)

1.5

1

0.5

0


20182023


Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


< $15K12.8%

$15K - $24K10.6%

$25K - $34K9.2%

$35K - $49K14.0%

$50K - $74K17.7%

$75K - $99K13.4%

$100K - $149K14.5%

$150K - $199K4.5%

$200K+3.3%


Perc

ent

757065605550454035302520151050



June 27, 2018


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DEMOGRAPHIC REPORT



2010 Population by Age Number Percent Number Percent Number PercentAge 0 - 4 4,763 7.5% 5,406 7.4% 6,615 6.9%Age 5 - 9 4,688 7.4% 5,368 7.4% 6,789 7.1%Age 10 - 14 4,547 7.2% 5,236 7.2% 6,798 7.1%Age 15 - 19 5,259 8.3% 5,953 8.2% 7,527 7.9%Age 20 - 24 5,194 8.2% 5,717 7.8% 6,850 7.2%Age 25 - 34 8,543 13.5% 9,671 13.2% 12,103 12.7%Age 35 - 44 7,856 12.4% 9,179 12.6% 12,046 12.6%Age 45 - 54 8,351 13.2% 9,879 13.5% 13,278 13.9%Age 55 - 64 6,524 10.3% 7,861 10.8% 10,904 11.4%Age 65 - 74 3,694 5.8% 4,438 6.1% 6,425 6.7%Age 75 - 84 2,468 3.9% 2,860 3.9% 4,134 4.3%Age 85+ 1,304 2.1% 1,426 2.0% 1,939 2.0%




June 27, 2018




10 miles

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

1.5

1

0.5

0


20182023


Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


< $15K12.8%

$15K - $24K10.6%

$25K - $34K9.2%

$35K - $49K14.0%

$50K - $74K17.7%

$75K - $99K13.4%

$100K - $149K14.5%

$150K - $199K4.5%

$200K+3.3%


Perc

ent

757065605550454035302520151050



June 27, 2018


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DEMOGRAPHIC REPORT



2010 Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 44,698 70.7% 52,805 72.3% 73,157 76.7%Black Alone 12,726 20.1% 13,788 18.9% 15,006 15.7%American Indian Alone 152 0.2% 174 0.2% 229 0.2%Asian Alone 758 1.2% 888 1.2% 1,002 1.1%Pacific Islander Alone 18 0.0% 19 0.0% 23 0.0%Some Other Race Alone 3,208 5.1% 3,510 4.8% 3,901 4.1%Two or More Races 1,630 2.6% 1,809 2.5% 2,088 2.2%Hispanic Origin (Any Race) 6,902 10.9% 7,624 10.4% 8,786 9.2%

2018 Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 42,656 69.5% 50,564 71.1% 70,258 75.5%Black Alone 12,150 19.8% 13,225 18.6% 14,435 15.5%American Indian Alone 149 0.2% 173 0.2% 228 0.2%Asian Alone 828 1.3% 977 1.4% 1,105 1.2%Pacific Islander Alone 21 0.0% 22 0.0% 28 0.0%Some Other Race Alone 3,714 6.1% 4,082 5.7% 4,579 4.9%Two or More Races 1,833 3.0% 2,044 2.9% 2,375 2.6%Hispanic Origin (Any Race) 8,034 13.1% 8,916 12.5% 10,385 11.2%

2023 Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 40,941 68.5% 48,593 70.1% 67,663 74.5%Black Alone 11,616 19.4% 12,672 18.3% 13,869 15.3%American Indian Alone 154 0.3% 178 0.3% 234 0.3%Asian Alone 880 1.5% 1,042 1.5% 1,180 1.3%Pacific Islander Alone 24 0.0% 25 0.0% 32 0.0%Some Other Race Alone 4,155 7.0% 4,578 6.6% 5,173 5.7%Two or More Races 2,008 3.4% 2,244 3.2% 2,620 2.9%Hispanic Origin (Any Race) 9,109 15.2% 10,134 14.6% 11,897 13.1%


June 27, 2018




10 miles

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

1.5

1

0.5

0


20182023


Perc

ent

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


< $15K12.8%

$15K - $24K10.6%

$25K - $34K9.2%

$35K - $49K14.0%

$50K - $74K17.7%

$75K - $99K13.4%

$100K - $149K14.5%

$150K - $199K4.5%

$200K+3.3%


Perc

ent

757065605550454035302520151050



June 27, 2018


MIXED-USE BUILDING710 W. Broadway StreetBradley, Illinois

NRT

PAUL PROANOCOMMERCIAL REAL ESTATE ADVISOR312-860-4043 DIRECT

[email protected]

mixed-use building - images4.loopnet.com · mixed-use building 710 broadway street bradley,...

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