retail/office space with dedicated parking for sale or for lease … · 2019-01-07 · largely been...
TRANSCRIPT
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Chad Schroedl312.756.7329 [email protected]
Adam [email protected]
Drew [email protected]
Retail/Office Space With
Dedicated Parking For Sale
OrFor Lease
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Leasing Highlights
• Excellent West Loop location with 49 feet of frontage along Loomis Street
• Up to 12 dedicated parking spaces for the two 2,000 SF commercial spaces can be achieved
• Street-level new construction space located underneath eight luxury townhomes
• Located a half mile from the Ashland CTA Station and a half block from the Madison 20 Bus Line
• Space ideal for a variety of uses including medical, retail, and office
2
LEASING OVERVIEW
Leasing SummaryAvailable Space: 2,000 RSF
Parking: Up to 12 Spaces
Asking Rent: $34/RSF NNN
Asking Price: Subject to Offer
2019 Association Fee: $0.54/RSF
Est. 2018 Tax Bill: $6.00/RSF
Est. Total Pass Thurs: $6.54/RSF
Available Occupancy: Immediately
Ceiling Heights: 12 Feet
Frontage: 49 Feet
Property Pin: 17-08-334-057-1010
Zoning: C1-3
Sub-Market: West Loop
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18'
35'
15'
24'
24'
5'
25' 24'-9"
18'
5'
15'
27'
66'
15'
54'
48' 49'
2000 square ft 2000 square ft
3
North Unit Overview
North Unit: 2,000 RSF
Asking Rent: $34/RSF NNN
Est. Pass Thrus: $6.54/RSF
Ceiling Height: 12 Feet
Frontage: 49 Feet
North Unit FLOOR PLAN
*Occupying/purchasing the 2,000 SF South unit is open for discussions
NORTH UNITSOUTH UNITAvailable Now Open for Discussion
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4
PROPERTY SURVEY
Available Parking (6 Spaces)
Potential LoadingZone (3 Spaces)
Potential LoadingZone (3 Spaces)
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The West Loop is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.
The West Loop has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Michelin Star rated Blackbird, Moto, Elske, Smyth & The Loyalist and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, and Umami Burger. Other well-known dining options include Girl and the Goat, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec.
The neighborhood’s international reputation continues to grow with the opening of Google’s new Midwest headquarters, McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and Ace Hotel. Other companies calling the West Loop home include Uber, LinkedIn, Twitter and Gogo Inflight Internet. High-end retailers are also recognizing the area’s potential with the recent additions of Anthropologie, Free People, Billy Reid and Maria Pinto.
Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations in almost a decade that opened at Morgan and Lake in 2012 will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.
To learn more about the West Loop, visit our blog at: www.westloopreport.com.
MEDIAN AGEAVERAGE INCOMEPER HOUSEHOLD
ESTIMATED POPULATION
ESTIMATEDDAYTIME
POPULATION
33 $135,000
52,00094,000
*DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP
NEIGHBORHOODSNAPSHOT
845+
NEIGHBORHO0DHOTEL ROOMS
PERCENTAGE OF POPULATION WITHBACHELOR’S DEGREE
80%
92%
SUB-MARKETOCCUPANCY
SF UNDER CONSTRUCTION
1,700,000
2018 MICHELINRECOGNIZED
RESTAURANTS
15
TOTAL ANNUAL RETAIL GOODSEXPENDITURE
$570,000,000
1.6
AVERAGEHOUSEHOLD SIZE
PERCENTAGE OFPOPULATIONWALKING TO WORK
31%
TOTALBUSINESSES
4,128
PERCENTAGE OFPOPULATION WITH
WHITE COLLAR JOBS
90%
5
WEST LOOP DESCRIPTION
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5
GRAND
HUBBARD
KINZIE
CARROLL
FULTON
LAKE
RANDOLPH
WASHINGTON
MADISON
MONROE
ADAMS
JACKSON
VAN BUREN
OGDEN
AD
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MA
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VAN BUREN
JACKSON
VAN BUREN
JACKSON
ADAMS ADAMS
MONROE MONROE
MADISON MADISON
WASHINGTON WASHINGTON
RANDOLPH RANDOLPH
LAKE
FULTON FULTON
CARROLL
KINZIE KINZIE
GRAND GRAND
OG
DEN
HUBBARD HUBBARD
WAYMAN WAYMAN
MILW
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MILWAUKEE
KINZIE
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UN
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SKINNER PARKMARY
BARTELMEPARK
UNION PARK
HERITAGEGREENPARK
FULTONRIVERPARK
WORLD HQ
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SMYTH &THE LOYALIST
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PET CAREPLUS
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FREE PEOPLE
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TAYLOR GOURMET
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OGDEN AUTOMOTIVE
CENTER
FULTONFIT HOUSE
LYON &HEALY HARPS
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THEATER
SKINNER WESTELEMENTARY
HUBBARD STREETDANCE
SHER
WIN
WIL
LIA
MS
WHITNEY M YOUNGMAGNET HIGH SCHOOL
WISE OWLDRINKERY
GROUND UP COFFEE
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HAROLD’S CHICKEN
SHACK
CHICAGO POLICETRAINING DIVISION
SOUL CITY CHURCH
JC LICHTTRUE VALUE
M2CAFE
MELICAFE 9 MUSES
ARTROPOLISBAKERY
MR GREEKGYROS
ATHENA ARKADIAWEST LOOP
PILATESPRO WORKS
SANTORINIDUGAN’S
SQUARE ROOTSKITCHEN
FIFTH THIRDBANK
SUPERCUTS
MOMOTARO
LIMITLESS
PAGODARED
GREEN STREETLOCAL
MERIT SCHOOL OF
MUSIC
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HE
BA
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G2SALON
BLVD
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AIR
ST
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PRIMOSPIZZA
TACO BURRITOKING
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SOGNO
HAIR CUTTERY
MO
NEY
GU
N
SEPIA CHICAGO FRENCH MARKET
OGILVIETRANSPORTATION
CENTER
MADISONTAVERN
BLACKWOOD BBQ
NAF NAF GRILL
HASTEDSTREET DELI
IDOF
UNION STATION
LOU
M
ITC
HEL
L’S
BLACKIES
TITLEBOXING
RICHARD’S BAR
D’A
MA
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BA
KER
Y
BLI
ND
BA
RB
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THE AVIARY
BIG CITY CROSS FIT
GIBSON’SITALIA
6
20 N Loomis
NOTABLE AREA TENANTS
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1K FULTON• Located at 1000 W Fulton• Current home of Google’s Midwest HQ,
SRAM, The Mill Visual Effects and Sandbox Industries
• Retail consists of Swift & Sons Steakhouse and South Central Bank
• Estimated employee population of 2,500• 530,000 SF development, which Google
occupies approximately 360,000 SF• All 1K Fulton tenants signed long term
leases
RANDOLPH WEST• Located at 110 N Carpenter• Home of McDonald’s Global HQ• McDonald’s will occupy 485,000 SF• Development will house approximately
2,000 employees• Completed in April of 2018• McDonald’s signed a 15-year lease• McDonald’s vendors, including Coca-Cola
are expected to relocate to the Fulton Market neighborhood
THE GOOGLE EFFECT
THE MCDONALD’S EFFECT
7
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SVN Chicago Commercial 940 West Adams Street, 2nd Floor
Chicago, Illinois 60607
www.svnchicago.com
All SVN® Offices Independently Owned & Operated.
The information listed in this brochure has been obtained from sources we believe to be reliable, however we accept no
responsibility for its correctness.
Chad Schroedl312.756.7329 [email protected]
Adam [email protected]
Drew [email protected]