DOCSLIB.ORG

Offering Memorandum WEST MADISON STREET

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

1350 – 1354 WEST MADISON STREET Offering Memorandum JANUARY 2021 SITE EXECUTIVE SUMMARY W. WASHINGTON BOULEVARD Bradford Allen has been retained by Ownership as the exclusive advisors in the sale of 1350 West Madison Street in Chicago, Illinois. The offering consists of a 22,000 SF development site currently improved with a 51,500 SF building operating as an ice rink. This offering does not include the business and a condition of any sale will preclude the Buyer from continuing to operate the ice rink. 1350 West Madison is located in the heart of Chicago’s West Loop N. LOOMIS STREET neighborhood and offers excellent access to public transportation and highways. Currently zoned B 3-5 and offering excellent visibility with 200 MADISON STREET feet of frontage on West Madison Street. Property information 1350 – 1354 West Madison Street ADDRESS Chicago, IL 60607 17-08-335-030-0000 (Building) PINS 17-08-335-016-0000 (Parking) S. LOOMIS STREET LAND 22,000 SF 200 FT of Madison Street frontage ZONING B 3-5 W. MONROE STREET 1350 – 1354 Exclusive Sale Agent West Madison Street 1 Chicago, IL 60607 PROJECT HIGHLIGHTS Location Zoning and Development 1350 West Madison is located in the heart of Chicago’s Currently zoned B 3-5. Potential for adaptive reuse of the existing West Loop neighborhood – a dynamic and emerging structure or ground-up new development. Ideal for residential and/or neighborhood filled with restaurants, retail, new office retail mixed use. Potential for hotel and or special retail use. and many high end residential developments. Ideally situated within the 27th Ward, led by Alderman Walter Existing Easement Burnett, Jr., the parcel offers seasoned developers Any redevelopment will require consideration of an existing easement the opportunity to participate in the growth of this and separate ownership of 31 of the existing 85 underground parking venerable neighborhood. spaces. 1350 – 1354 Exclusive Sale Agent West Madison Street 2 Chicago, IL 60607 Site Analysis PLAT MAP SITE OVERVIEW 1350 – 1354 Exclusive Sale Agent West Madison Street 3 Chicago, IL 60607 20 Johnny’s Ice House East, Chicago, Illinois © 2019 CBRE, Inc. Overview Fulton Market/Near West Side Office 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth 1.6 M 457 K 21.4% -0.9% The Fulton Market/Near West Side Submarket has the amount of already delivered or currently underway evolved from the city's former meatpacking district into a stock has pushed the total amount of availabile space to hotspot for corporate offices, with conglomerates such as approximately 4.0 million SF, which equates to an Google, Glassdoor, Mondelez and McDonalds all alarming 32.7% of current inventory. Unfortunately, the occupying significant space within the submarket. For pace of new lease signings in the Fulton Market/Near tenants, the area's key draw is access to top-tier talent, West Side Submarket has slowed thus far in 2020, as as more than 20,000 college educated millennials live the coronavirus pandemic led many companies to pause within walking distance, while the area is well served by or reverse expansion plans. In total, approximately both highways and numerous public transportation 450,000 SF of space has been absorbed within the options. submarket over the past year, which equates to less than MARKET OVERVIEW 13% of the total amount of space currently available. Despite relatively strong demand drivers, consistent Thus, with Chicago's labor market still struggling to waves of new supply (which have brought more than 1.6 rebuild momentum since the onset of the coronavirus million SF of new space to market in the last year alone) pandemic, and many local employers uncertain on the have pushed the vacancy rate up by approximately 8.8% near term trajectory of the economy, it is highly likely that Fulton Market/Near WestOverview Side over the past year to 21.4%. At the same time, there is fundamentalsFulton within Market/Near the Fulton West Side Market/Near Office West Side approximately 1.6 million SF of space currently under neighborhood will remain soft until stronger growth construction within the submarket,12 Mo Deliveries approximately in SF 12 Mo Net 70% Absorption of in SF resumes.Vacancy Rate 12 Mo Rent Growth which is still available for lease.1.6 This M significant 457growth inK 21.4% -0.9% KEY INDICATORS The Fulton Market/Near West Side Submarket has the amount of already delivered or currently underway evolved from the city's former meatpacking district into a stock has pushed the total amount of availabile space to hotspot for corporate offices, with conglomerates such as approximately 4.0 million SF, which equates to an Net Absorption Under Current Quarter Google, Glassdoor,RBA Mondelez Vacancyand McDonalds Rate all Market Rentalarming 32.7%Availability of current Rate inventory. Unfortunately, theDeliveries SF occupying significant space within the submarket. For pace of new lease signings in the FultonSF Market/Near Construction tenants, the area's key draw is access to top-tier talent, West Side Submarket has slowed thus far in 2020, as 4 & 5 Star as more than4,027,414 20,000 college educated33.4% millennials live $45.04the coronavirus46.8% pandemic led many 281,243companies to pause 837,493 1,648,579 within walking distance, while the area is well served by or reverse expansion plans. In total, approximately 3 Star both highways5,086,657 and numerous public13.6% transportation $29.07450,000 SF of space20.6% has been absorbed(49,297) within the 0 0 options. submarket over the past year, which equates to less than 1 & 2 Star 1,403,687 15.5% $28.5013% of the total19.8% amount of space currently(24,686) available. 0 0 Despite relatively strong demand drivers, consistent Thus, with Chicago's labor market still struggling to Submarket waves of new10,517,758 supply (which have brought21.4% more than 1.6$36.46rebuild momentum32.7% since the onset of207,260 the coronavirus 837,493 1,648,579 million SF of new space to market in the last year alone) pandemic, and many local employers uncertain on the have pushed the vacancy rate upHistorical by approximately 8.8%Forecastnear term trajectory of the economy, it is highly likely that Annual Trends over the past12 year Month to 21.4%. At the same time, there is fundamentals withinPeak the Fulton Market/NearWhen West Side Trough When Average Average approximately 1.6 million SF of space currently under neighborhood will remain soft until stronger growth Vacancy Change (YOY) construction within8.8% the submarket, 10.6%approximately 70% of10.7%resumes. 21.4% 2020 Q4 3.2% 1999 Q3 which is still available for lease. This significant growth in Net Absorption SF 457 K 76,432 873,630 1,020,194 2019 Q1 (308,702) 2001 Q3 Deliveries SF KEY INDICATORS1.6 M 162,857 1,021,541 1,167,102 2020 Q3 0 2013 Q1 Net Absorption Under Current Quarter RBA Vacancy Rate Market Rent Availability Rate Deliveries SF Rent Growth -0.9% 3.7% 2.4% 12.6% SF 2008 Q1 Construction-7.6% 2009 Q4 4 & 5 Star 4,027,414 33.4% $45.04 46.8% 281,243 837,493 1,648,579 Sales Volume 3 Star $540 M 5,086,657$66.7M 13.6% N/A$29.07 20.6%$376.8M(49,297) 20160 Q2 0 $4.5M 2010 Q2 1 & 2 Star 1,403,687 15.5% $28.50 19.8% (24,686) 0 0 Submarket 10,517,758 21.4% $36.46 32.7% 207,260 837,493 1,648,579 Historical Forecast Annual Trends 12 Month Peak When Trough When Average Average Vacancy Change (YOY) 8.8% 10.6% 10.7% 21.4% 2020 Q4 3.2% 1999 Q3 Net Absorption SF 457 K 76,432 873,630 1,020,194 2019 Q1 (308,702) 2001 Q3 Deliveries SF 1.6 M 162,857 1,021,541 1,167,102 2020 Q3 0 2013 Q1 Rent Growth -0.9% 3.7% 2.4% 12.6% 2008 Q1 -7.6% 2009 Q4 Sales Volume $540 M $66.7M N/A $376.8M 2016 Q2 $4.5M 2010 Q2 Information provided by CoStar. Exclusive Sale Agent 1350 – 1354 12/10/2020 Copyrighted report licensed to Bradford Allen Realty Services - 233733 West Madison Street 4 Page 2 12/10/2020 Chicago, IL 60607 Copyrighted report licensed to Bradford Allen Realty Services - 233733 Page 2 Leasing Fulton Market/Near West Side Office While the Fulton Market/Near West Side Submarket has occupied approximately 51,000 SF at 1375 W Fulton been one of Chicago's most in-demand submarkets, Street in June. The 300,000 SF 13-story property is one leasing activity, and by extension net absorption have of numerous speculative projects to deliver over the past Sales slowed in the wake of the coronavirus pandemic, while 12 months and is still seeking to fill nearly 240,000 SF Fulton Market/Near West Side Office new supply has largely charged ahead. Approximately (after recently signing Xeris Pharmaceuticals to a 10,782 1.6 million SF of new space has delivered over the past SF lease in July). Also signing on for new space within year, while net absorption has totaled just 450,000 SF. the Submarket in July was Sloan Valve Co., which As a whole, Chicago has witnessed a significant pullback submarket. Another notable sale occurred in June, with While this total places the Fulton Market/Near West Side agreed to lease 20,000 SF at 333 N Green Street. The in investment activity, yet the Fulton Market/Near West the sale of 900 West, located at 159 N Sangamon St.
Recommended publications
  • Directions to the Chicago Office

    Directions to the Chicago Office

    Directions to the Chicago Office 70 W. Madison St. Suite 3100 Chicago, IL 60602 P: +1: 312.372.1121 Nearby Subways: CTA Blue train – exit at Dearborn & Monroe CTA Red train – exit at Monroe & State street CTA Green, Brown, Orange, Pink, Purple trains – exit Madison & Wabash Metra Electric, South Shore trains – exit at Millennium Station Metra Rock Island Train – exit at LaSalle street station Metra South West, Heritage Corridor, BNSF , Milwaukee West, North, North Central trains – exit at Union Station Metra Union Pacific North, Union Pacific West, Union Pacific NW trains – exit at Ogilvie Station Nearby Buses: CTA 14 Jeffrey Express, 19 United Center Express, 20 Madison, 20x Washington/Madison Express – stops in front of the building on Madison CTA 22 Clark, 24 Wentworth, 129 West Loop/South Loop ‐ stops on the corner of Clark and Madison CTA 22 Clark, 24 Wentworth, 36 Broadway, 52 Archer, 129 West Loop/South Loop‐ stops on the corner of Dearborn and Madison From O’Hare Airport – • Take I‐190 E ramp • Continue onto I‐90E (Kennedy expressway) for 13.6 miles • Exit 51H‐I (I‐290W, Eishenhower expressway) • Take exit 51I (Congress Pkwy, Chicago Loop) on the left • Continue onto W. Congress Pkwy • Take Wacker Drive (Franklin Street) exit on the right • Take Wacker Drive ramp on the left • Continue onto S Upper Wacker Drive • Turn right onto W. Monroe Street • Turn left onto S. Dearborn Street • Turn left onto W. Madison Street From Midway Airport – • Go south on IL‐50 S (S. Cicero Av) • Make a U‐turn onto IL‐50 N (S.
  • STOCKYARDS Archer Avenue Technical Assistance Panel: Remaking an Historic Corridor June 2006

    STOCKYARDS Archer Avenue Technical Assistance Panel: Remaking an Historic Corridor June 2006

    Chicago Neighborhoods 2015: Assets, Plans and Trends – A project of The Chicago Community Trust STOCKYARDS Archer Avenue Technical Assistance Panel: Remaking an Historic Corridor June 2006 Community Areas: Bridgeport Urban Land Institute, Metropolitan Planning Council, Alderman Balcer A Technical Assistance Panel (TAP) was formed in 2006 to address transportation, retail and marketing issues, pedestrian safety, land-use regulations and the creation of an identity for Archer Avenue. In 1964, the Stevenson Expressway was built, creating a barrier between Archer Avenue in Bridgeport and the rest of Chicago. Recently, the construction of the Stearns Quarry Park and the demolition of the bridge over Ashland Avenue have provided new opportunities for the area. The TAP includes recommendations that can provide further opportunity through infrastructure, development, and understanding the market potential of the Archer Avenue corridor. General Recommendations: Assess the market potential; Upgrade street infrastructure; Focus on transit-oriented development; Establish gateways and midpoint; Fill in the streetwall; Review zoning and financing. Specific Recommendations: Improve utilization of the Ashland El stop by improving signage; Add a walking path along Bubbly Creek and a kiss-and-ride feature, as well as more parking; Add service and commuter-focused businesses at the Halsted station; Create bumpouts at Archer Avenue and Loomis Street; Add parking and install an historic marker to make this the center of the neighborhood; Improve access to
  • West Loop Small Shop Space Available 1208 W

    West Loop Small Shop Space Available 1208 W

    WEST LOOP SMALL SHOP SPACE AVAILABLE 1208 W. Madison Street // Chicago, 60607 FOR LEASING INFO CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] PROPERTY HIGHLIGHTS Mixed use building boasts luxurious apartment living with convenient access to Restaurant Row and shopping at the growing population of retailers in the West Loop Steps away from area highlights including the new McDonald's global headquarters, Politan Row food hall, Google, United Center, University of Illinois at Chicago as well as many entertainment, dining, and shopping options Be a part of the growing community AVAILABLE SPACE: 2,487 SF available (divisible) former cycling studio space 1,685 SF available (divisible) former quick casual restaurant space FRONTAGE: Approximately 38 feet of frontage along Madison Street AVAILABILITY: Immediate Availability FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] RETAIL D 2,487 SF AVAILABLE , SF H&R BLOCK FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] RETAIL A 1,685 SF AVAILABLE , SF FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] BUILDING FLOOR PLAN GROUND LEVEL PUBLIC ALLEY ATS UP FIRE PUMP CORRIDOR TRASH ROOM 1ST FLOOR PARKING LEASING OFFICE JAN. OFFICE BIKE STORAGE MAILROOM
  • FOR SALE: River North Development Site 12317 Sq. Ft

    FOR SALE: River North Development Site 12317 Sq. Ft

    FOR SALE: River North Development Site 12,317 Sq. Ft. 320 WEST ERIE STREET CHICAGO, ILLINOIS 60654 PROPERTY HIGHLIGHTS: • 12,317 sq. ft. (100’ x 123’) Development Site • Currently Operated as a 71 Stall Income Producing Parking Lot • Located in Chicago’s vibrant River North Gallery District • DX-5 Zoning / 5.0 FAR / 61,585 sq. ft. RBA / 68 Residential Units Permitted As-of-Right • Located ~495 feet from CTA “L” Brown / Purple Line (Superior Stop) • 42nd Ward (Alderman Brendan Reilly) David P. Kimball • 2017 Taxes = $102,487.17 ($8.32 per sq. ft.) Vice President • ASKING PRICE: Subject to Offer P: 312.558.3858 [email protected] PROPERTY OVERVIEW Address: 320 – 326 W Erie St Chicago, IL 60654 County: Cook County Neighborhood: River North / Gallery District Property Type: Surface Parking Lot (71 Stalls) Price: Subject to Offer Total Land Area: 12,317 sq. ft. (0.283 acres) Frontage: 100 feet on Orleans St 123 feet on Erie St Existing Curb Cuts: 1 on Erie St and 1 on Orleans St Zoning: DX-5 (see zoning analysis) FAR: 5.0 RBA: 61,585 sq. ft. permitted as-of-right Residential Units: 68 units permitted as-of-right Ward: 42nd Ward (Alderman Brendan Reilly) Tax ID Pin(s): 17-09-215-003, 004, 005 Taxes: 2017: $102,487.17 ($8.32 psf) 2016: $92,476.66 ($7.51 psf) 2015: $84,607.70 ($6.87 psf) 2014: $71,460.91 ($5.80 psf) 2013: $70,049.72 ($5.69 psf) Parking Lease: Currently leased to SP Plus Corporation under a mutually terminable lease agreement.
  • Streeterville Neighborhood Plan 2014 Update II August 18, 2014

    Streeterville Neighborhood Plan 2014 Update II August 18, 2014

    Streeterville Neighborhood Plan 2014 update II August 18, 2014 Dear Friends, The Streeterville Neighborhood Plan (“SNP”) was originally written in 2005 as a community plan written by a Chicago community group, SOAR, the Streeterville Organization of Active Resi- dents. SOAR was incorporated on May 28, 1975. Throughout our history, the organization has been a strong voice for conserving the historic character of the area and for development that enables divergent interests to live in harmony. SOAR’s mission is “To work on behalf of the residents of Streeterville by preserving, promoting and enhancing the quality of life and community.” SOAR’s vision is to see Streeterville as a unique, vibrant, beautiful neighborhood. In the past decade, since the initial SNP, there has been significant development throughout the neighborhood. Streeterville’s population has grown by 50% along with new hotels, restaurants, entertainment and institutional buildings creating a mix of uses no other neighborhood enjoys. The balance of all these uses is key to keeping the quality of life the highest possible. Each com- ponent is important and none should dominate the others. The impetus to revising the SNP is the City of Chicago’s many new initiatives, ideas and plans that SOAR wanted to incorporate into our planning document. From “The Pedestrian Plan for the City”, to “Chicago Forward”, to “Make Way for People” to “The Redevelopment of Lake Shore Drive” along with others, the City has changed its thinking of the downtown urban envi- ronment. If we support and include many of these plans into our SNP we feel that there is great- er potential for accomplishing them together.
  • EXHIBIT 12 Comparison of Chicago Area Waterway System Chloride Concentrations During Winter Months* of 2010 Through 2014 with New Water Quality Standards

    EXHIBIT 12 Comparison of Chicago Area Waterway System Chloride Concentrations During Winter Months* of 2010 Through 2014 with New Water Quality Standards

    EXHIBIT 12 Comparison of Chicago Area Waterway System Chloride Concentrations During Winter Months* of 2010 Through 2014 With New Water Quality Standards Location ID Name N1 E2 %Comp4 Year 35 Central Street, North Shore Channel 1 0 100.0 2010 1 0 100.0 2011 2 0 100.0 2012 4 0 100.0 2010-2014 112 Dempster Street, North Shore Channel 1 0 100.0 2012 3 1 66.7 2013 2 0 100.0 2014 6 1 83.3 2010-2014 102 Oakton Street, North Shore Channel 4 0 100.0 2010 5 0 100.0 2011 4 0 100.0 2012 13 0 100.0 2010-2014 36 Touhy Avenue, North Shore Channel 4 1 75.0 2010 5 1 80.0 2011 5 1 80.0 2012 4 0 100.0 2013 5 0 100.0 2014 23 3 87.0 2010-2014 101 Foster Avenue, North Shore Channel 5 1 80.0 2010 5 1 80.0 2011 4 1 75.0 2012 14 3 78.6 2010-2014 37 Wilson Avenue, North Branch Chicago River 5 1 80.0 2010 5 1 80.0 2011 3 1 66.7 2012 13 3 76.9 2010-2014 73 Diversey Parkway, North Branch Chicago River 5 0 100.0 2010 5 0 100.0 2011 5 0 100.0 2012 5 0 100.0 2013 5 1 80.0 2014 25 1 96.0 2010-2014 46 Grand Avenue, North Branch Chicago River 5 0 100.0 2010 5 0 100.0 2011 4 0 100.0 2012 14 0 100.0 2010-2014 74 Lake Shore Drive, Chicago River 4 0 100.0 2010 5 1 80.0 2011 Table 2: Chloride Concentration Data at the Chicago Area Waterways in 2014 Location ID Name X1 Standard Viol Date 112 Dempster Street, North Shore Channel 391 500 0 04/14/14 24 0 05/12/14 15 0 06/09/14 36 0 07/14/14 15 0 08/11/14 24 0 09/15/14 16 0 10/13/14 70 0 11/10/14 80 0 12/08/14 36 Touhy Avenue, North Shore Channel 480 500 0 01/13/14 391 0 02/10/14 361 0 03/10/14 196 0 04/14/14 135 0 05/12/14 107
  • 2023 Capital Improvement Program

    2023 Capital Improvement Program

    CITY OF CHICAGO 2019 - 2023 CAPITAL IMPROVEMENT PROGRAM OFFICE OF BUDGET & MANAGEMENT Lori E. Lightfoot, MAYOR 2019 - 2023 CAPITAL IMPROVEMENT PROGRAM T ABLE OF CONTENTS 2019-2023 Capital Improvement Program (CIP) .............................................................................1 CIP Highlights & Program…………………...………......................................................................2 CIP Program Descriptions.................................................................................................................6 2019 CIP Source of Funds & Major Programs Chart......................................................................10 2019-2023 CIP Source of Funds & Major Programs Chart..............................................................12 2019-2023 CIP Programs by Fund Source.......................................................................................14 Fund Source Key..............................................................................................................................45 2019-2023 CIP by Program by Project……………………………...………………….................47 2019-2023 CAPITAL IMPROVEMENT PROGRAM The following is an overview of the City of Chicago’s Capital Improvement Program (CIP) for the years 2019 to 2023, a five-year schedule of infrastructure investment that the City plans to make for continued support of existing infrastructure and new development. The City’s CIP addresses the physical improvement or replacement of City-owned infrastructure and facilities. Capital improvements are
  • Meeting Display Boards for Public Meetings on the Ashland Avenue Ashland Avenue Bus Rapid Transit Project, Held December 10 and 11, 2013

    Meeting Display Boards for Public Meetings on the Ashland Avenue Ashland Avenue Bus Rapid Transit Project, Held December 10 and 11, 2013

    Meeting Display Boards for Public Meetings on the Ashland Avenue Ashland Avenue Bus Rapid Transit Project, held December 10 and 11, 2013. Logos: CTA in partnership with Chicago Department of Transportation and Chicago Department of Housing and Economic Development Welcome: Welcome to the public open house for the Ashland Avenue Bus Rapid Transit Environmental Assessment and project. • In April 2013, CTA and CDOT announced a vision for a center running Bus Rapid Transit (BRT) system on Ashland Avenue between Irving Park Road and 95th Street to provide a fast and reliable north/ south transit connection for 16 miles through Chicago. The vision reflects the planning process and community engagement undertaken in 2012. • Over the summer, CTA and CDOT heard from various key stakeholders about this plan. We are now holding two public open house meetings as an extension of this outreach to gather additional input from the public. CTA and CDOT are still developing the Ashland BRT design, and we are considering options and modifications, including the implementation of additional left turns, based on continued feedback from the public. • The public open house meetings will summarize studies of the project impacts, including traffic analyses, that have been performed as part of the formal Environmental Assessment for the project, in accordance with federal government requirements. The Environmental Assessment is now complete and available on CTA’s website and in hard copy at several community locations. CTA and CDOT would like your comments on the Environmental Assessment, which can be made at the public open houses or by e-mail at [email protected].
  • Iconic Chicago Loop Retail

    Iconic Chicago Loop Retail

    ICONIC CHICAGO LOOP RETAIL Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET 105 CHICAGO, ILLINOIS NET LEASE INVESTMENT OFFERING Table of Contents Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET CHICAGO, ILLINOIS 105 - 1 - NET LEASE INVESTMENT OFFERING TABLE OF CONFIDENTIALITY & DISCLAIMER ................................. 3 CONTENTS: EXECUTIVE SUMMARY ......................................................... 5 Investment Highlights Property Overview FINANCIAL OVERVIEW ......................................................... 9 Rent Roll Cash Flow Projections PROPERTY OVERVIEW .........................................................12 Photographs Aerials Site Plan & Traffic/Pedestrian Counts Maps MARKET & TENANT OVERVIEWS .....................................19 Demographic Comparison Report Tenant Profiles Location Overviews Surrounding Attractions CONTACT DETAILS ...............................................................30 Contact Information W MADISON STREET 105 CHICAGO, ILLINOIS - 2 - NET LEASE INVESTMENT OFFERING Disclaimer Statement Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET CHICAGO, ILLINOIS 105 - 3 - NET LEASE INVESTMENT OFFERING DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder STATEMENT: Group and should not be made available to any other person or entity without the written consent of The Boulder Group.
  • Greektown Reektown Greektown Little Italy The

    Greektown Reektown Greektown Little Italy The

    N Lakeview Ave W Fullerton Pkwy W Belden Ave N Lincoln t S ed A t v e W Webster Ave als N Lincoln Park West N Stockton Dr H N C N annon Dr W Dickens Ave N W Armitage Ave N C S t o c lar k t k S o n N L N Cleveland Ave t D t r ak S W Wisconsin St e S ed t hor als H N N Orchard St N Larrabee St e D r W Willow St W Eugenie St W North Ave North/Clybourn Sedgwick OLD TOWN CLYBOURN t Pkwy S e k r t a la CORRIDOR t N C N C N S N Dearborn Pkwy N Wells St lyb ourn A 32 ve W Division St Clark/ Division 1 Allerton Hotel (The) 24 E Elm St E Oak St Hyatt Regency McCormick Place GOLD 701 North Michigan Avenue 2233 South Martin Luther King t E Walton St 8 S COAST 2 Amalfi Hotel Chicago 25 ed 35 InterContinental Chicago t E Oak St 12 als John Hancock E Delaware Pl 45 16 20 West Kinzie Street 505 North Michigan Avenue H N Michigan Ave t t E Walton St S N Observatory S Dr t 44 E Delaware Pl 26 e S 3 t Chicago Marriott Downtown JW Marriott Chicago k alle E Chestnut St r a E Chestnut St S t la a Magnifi cent Mile 151 West Adams Street N L N Orleans N L N C N Dearborn Pwky N S 37 E Pearson St 540 North Michigan Avenue ak W Chicago Ave Chicago Chicago 30 27 e S Langham Chicago (The) t 4 hor Courtyard Chicago Downtown S W Superior St 28 31 e 330 North Wabash Avenue v O’Hare e D Magnifi cent Mile International W Huron St 1 165 East Ontario Street 28 Airport W Erie St r MileNorth, A Chicago Hotel N Franklin 20 21 43 W Ontario St 5 166 East Superior Street ichigan A Courtyard Chicago Downtown N M W Ohio St 4 7 ilw River North 29 22 N M Palmer House Hilton auk W Grand
  • Pilsen 4 Unit + an Additional Non-Conforming Unit 2226 W Cermak Road Chicago, Il 60608

    Pilsen 4 Unit + an Additional Non-Conforming Unit 2226 W Cermak Road Chicago, Il 60608

    PILSEN 4 UNIT + AN ADDITIONAL NON-CONFORMING UNIT 2226 W CERMAK ROAD CHICAGO, IL 60608 Paul Cawthon Vice President 312.676.1878 [email protected] Angelo Labriola Vice President 312.676.1870 [email protected] SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM PROPERTY INFORMATION 3 Property Summary Property Description Rent Roll Interior Photos Additional Photos Additional Photos Floor Plans | Units 1 & 2 Floor Plans | Unit 3 Floor Plans | Coach House Location Maps Retailer Map Pilsen Aerial Map DEMOGRAPHICS 16 Demographics Map ADVISOR BIOS 18 Mr. Cawthon Bio Mr. Labriola Bio CLG Resume Map CLG Resume Key Back Page PILSEN 4 UNIT + AN ADDITIONAL NON-CONFORMING UNIT | 2226 W CERMAK ROAD, CHICAGO, IL 60608 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 2226 W Cermak Road Chicago, IL 60608 PILSEN 4 UNIT + AN ADDITIONAL NON-CONFORMING UNIT | 2226 W CERMAK ROAD CHICAGO, IL 60608 SVN | Chicago Commercial | Page 3 Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $969,000 Brand new gut renovation, taken down to the exterior walls. New electric service, plumbing, water line (1-1/2"), windows, roof, porches, sidewalks, SS Appliances, Quartz, flooring and in-unit W/D. All units have separate gas & electrical meters and 600 amp electric service. Number Of Units: 4+1 Front Building is a Large Brick 2 story building with the top floor unit encompassing the entire floor. It features 4 Beds, 2 Baths, 2 Lot Size: 3,125 SF offices, a dining room, vaulted ceilings and in-unit W/D! Perfect for professionals who prefer to work from home.
  • Development Site for Sale 1034 W Madison Street Chicago, Illinois

    Development Site for Sale 1034 W Madison Street Chicago, Illinois

    Development Site for Sale 1034 W Madison Street Chicago, Illinois 15,000 SF Site Ideal for Residential, Retail, Office or Mixed-Use Development W MADISON STREET Table Of Contents 03 Executive Summary 06 Property Description 11 Market Overview 13 Contact Information CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 2 Executive Summary The Offering Executive Summary The Offering PROPERTY SUMMARY Cushman & Wakefield of Illinois, Inc has been retained by Ownership as the exclusive advisors in the sale of 1034 W Madison Street in Chicago, Illinois. The offering consists of a 15,000 SF Address 1034 W Madison Street, Chicago redevelopment site that currently includes 4 building totaling approximately 12,500 SF. 1034 W Madison Street is located in Chicago’s West Loop neighborhood and offers immediate Site Size 15,000 SF access to highways and ample public transportation options. The property features excellent visibility with 155’ of frontage directly on W Madison Street and is currently zoned DX-3. Zoning DX-3 (potential for 4.0 FAR) OVERVIEW N CARPENTER STREET STREET CARPENTER N W MADISON STREET CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 4 The Offering Project Highlights Premium Location - Located in Chicago’s West Loop Neighborhood, 1034 W Madison Street sits in the 25th Ward represented by Alderman Byron Sigcho Lopez. As one of the fastest growing neighborhoods in Chicago, the West Loop has and continues to, welcome various residential and commercial developments to the area. Along with being one of the top entertainment and dining districts in the city, the West Loop caters to residential, office, and retail demands.