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2886 North Milwaukee RESTAURANT 2083 SQUARE FEET COMPLETELY OPPORTUNITY +1300 BASEMENT REHABBED Seeking experienced restaurant Spacious and lexible layout with a This property is being completely operator for a new concept restaurant hood built-in and will be completed by Fall 2018 Owner Nick Katsafados 312.375.9683 2886 NORTH [email protected] MILWAUKEE ADDITIONAL BUILDOUT PROVIDE FLEXIBLE BUILD OUT FOR GREAT RESTATURANT CONCEPT. ATTRACTIVE FAÇADE COMPLETELY RENOVATED FACADE WITH LARGE WINDOWS COMMUNITY MINDSET SEEKING LONG TERM VALUE-ADD TO THE LOCAL COMMUNITY NEIGHBORHOOD Located in Avondale within a 6-minute walking 04 distance of the Logan Square blue line, this corridor is the next exciting part of the booming Milwaukee development. DEMOGRAPHICS Avondale North Side, Chicago, Cook County, Illinois 06 with a population of 92,109. There are 46,194 male residents living in Avondale and 45,915 female resi- dents. Total household expenditures in Avondale are above the national average. Excellent Traffic Counts: 13,100 VPD along Milwaukee Avenue. ARCHITECTURE Beautiful old red brick building built in 1918 (100 08 years old) lovingly restored with a dramatic blend of modern touches to bring the best of both worlds together. Contents 08 PAGE 2 | 2886 N MILWAUKEE ABOUT COMMERCIAL REAL ESTATE THE OWNER LISTING BY Nicholas Katsafados NICHOLAS ARCHITECT KATSAFADOS Technical Building Consultants LLC Real Estate Investor 20 year real es- tate professional, Nicholas is a Chi- cago native with a special interest in Amixed use buildings in emerg- ing areas of Chicago undergo- ing revitalization. These older buildings are beautiful and often times a pleasure to re- store. Often completing pro- jects in areas like Bridgeport, Wicker Park, Humboldt Park, Logan Square and now Avon- dale. Renovating commercial space along with residential space, gives him the unique opportunity to influence the neighborhood, not just in the tenants he selects but in the business(s) that shape the fla- vor of the community and the people they serve. Being a part of that transformation is a priv- ilege and seek to partner with those business minded people who have the same attitude. 2886 N MILWAUKEE | PAGE 3 The Character of the Avondale Neighborhood Blending preservation and progress vondale is culturally rich neighborhood of Chicago that love it for celebrating its past while accepting a new generation of residents that love for celebrating music, the arts, and new trends in cocktials and cuisine. Before all this change AAvondale started as a village in the mid-to late 1800s. The first European settler in Avondale was Abraham Harris who settled the area three years after its 1850 incorporation into Jefferson Township. In 1869, Avondale was incor- porated as a village. It has been speculated that developer and Pennsylvania native John Lewis Cochran named the village in honor of the miners and rescue workers who died in the Avondale coal mine fire. Atypical for the time, Avondale was racially integrated in the nineteenth century with twenty African American families moving to the area and building Avondale’s first church in the 1880s. Avondale, along with the rest of Jefferson Township, was annexed by the City of Chicago in 1889. Architecture Just to the north is the parish of St. Hyacinth Basilica , with its impressive church. Hous- ing stock there primarily consists of brick two-flats built in the first half of the 20th cen- tury prior to World War II, although there are a number of bungalows present in the area neighboring the Villa District to the north. Community The Hairpin Arts Center is located in Avondale near its border with a booming Logan Square at the gateway to Chicago’s Polish Village, serving all of the diverse communities who make their home in these neighborhoods. There are also a great number of local busi- ness that are beginning to fill in this stretch of Milwaukee. Moonlight Vulture, Tacos Te- quila, Dante’s and The Monarch. PAGE 4 | 2886 N MILWAUKEE INVEST IN THE COMMUNITY As successful members of the community, we have a responsibility to help those that are less fortunate and contribute to the common good. Investing in your com- munity, alongside others in your community, makes you feel part of something greater than some- one simply securing profits. Prof- its are critical, and the business case comes first in investing, but it does not have to be the only thing. Positively adding to the experience of those visiting your neighborhood and forming last- ing relationships with those in the immediate community is the kind of mentality being sought. 2886 N MILWAUKEE | PAGE 5 Median Income Under 25 $38,438 Median Income 25-44 $56,753 Median Income 45-64 $61,269 Median Income Over 65 $47,500 DEMO- GRAPHICS Avondale TOD Area of Milwaukee Traffic Average Household Income $82,546 Daytime Population Median Household Income $58,316 .25 mile 2,585 Percent Increase in Income Since 2000 40% .5 mile 10,207 Percent Increase in Income since 2010 8% 1 mile 34,345 Average Household Net Worth $552,869 Residential Population Median Home Sale Price $265,000 .25 mile 6,103 Sales Tax Rate 8% .5 mile 24,100 Average Household Total Expenditure $60,587 1 mile 71,145 PAGE 6 | 2886 N MILWAUKEE Rich History Diverse Community Arts & Music Scene New Avondale residents enjoy the Arts & Culture scene bolstered by diverse selection of culinary experiences • Excellent traffic counts Culture & - 13,100 VPD along Diversity Milwaukee Avenue • 1/2 mile from the CTA Blue Avondale has an ethnically Line ‘L’ Logan Square station diverse history starting with Germans and Scandinavians who (2.3M riders in 2016) moved in the late 1800s. • Area co-tenants include Giordanos, GameStop, GAP Outlet, Hopewell Breweing, and The Harding Tavern 2886 N MILWAUKEE | PAGE 7 With a totally renovated building comes the opportunity to have a restaurant ready space (hood already installed) and design op- ARCHITECTURAL portunities that you only get in the pre-finish phase of a construc- tion project. 2 ADA compliant bathrooms will be roughed out and PLANS over 1700 square feet of space with 12 ft. tin ceilings. Of course the exterior of the building will be one of the most well- lit and striking on this stretch of Milwaukee, drawing people from the areas eye and any passerby. A true opportunity to showcase The renovations at 2886 N Milwaukee began with the your restaurant. goal of having a sleek restaurant-ready space. Finally, you have a full basement that you can use for additional storage. ARCHITECTURE BY : TECHNICAL BUILDING CONSULTANTS LLC PAGE 8 | 2886 N MILWAUKEE 2886 N MILWAUKEE | PAGE 9 WANTED RESTAURANTEUR WITH GREAT CONCEPT An experienced restauranteur knows best. Today’s patrons seem to want it all, while not knowing exactly what they want. Join us to create a place they love and become a fixture of the community. BRING US YOUR CONCEPT ASAP! EMAIL: [email protected] PAGE 10 | 2886 N MILWAUKEE This stretch of Avondale along Milwaukee Avenue is ripe for redevelopment! Steps from the Blue Line and neighboring Logan Square, this space is waiting for the right person with vision, we are professional landlords looking for a professional restaurateur. If you know Chicago, you know that the right location is key along with the right timing. Here you have both the perfect location that is ready for the person with the right concept AND a landlord who will set you up for success with a stunning façade and quality rehab. This is a great space with storage, an existing restaurant hood and the ability to add finishing touches tailored to your de- sign ideas. There is also the very rare opportunity to rent out two studio units above the restaurant to accommodate a bed and break- fast or AirBnB concept steps from all that Logan Square has to offer. This is truly a once in a lifetime chance… We are ready to negotiate the right deal for the right concept! Are you the right entrepeneur for the job? 2886 N MILWAUKEE | PAGE 11 SERVICES OFFERED ACQUISITION We find the property that meets your investment criteria and begin outreach campaign PROPERTY MANAGEMENT Lease and maintain your real property to minimize va- cancy and maximize your cash flow. ADVISORY Our experienced brokers have investment properties themselves and can advise on value-add opportunities COMMERCIAL REAL ESTATE CALL FOR A FREE CONSULTATION NICK KATSAFADOS IS A COMMERCIAL REAL NICK KATSAFADOS ESTATE DEVELOPER FOCUSED ON GROWING 312.375.9683 COMMUNITIES IN CHICAGO, ILLINOIS. [email protected].
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