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FOR LEASE - Prairie District Lofts 1727 S FOR LEASE - Prairie District Lofts 1727 S. Indiana Avenue, Chicago IL 60616 Raw and Move-In Ready Loft Office Space - $16.00/SF Gross FOR LEASE - Prairie District Lofts Building Summary | 02 THE SPACE POPULATION 1 MILE 3 MILE 5 MILE Location 1727 S. Indiana Avenue, Chicago, IL, 60616 42,000 290,532 727,791 County Cook APN 17-22-303-048 Cross Street 18th Street Traffic Count 14,000 AVERAGE HOUSEHOLD INCOME Square Feet 1600 1 MILE 3 MILE 5 MILE Annual Rent PSF $16.00 $113,105 $108,502 $97,023 Lease Type Gross HIGHLIGHTS NUMBER OF HOUSEHOLDS 1 MILE 3 MILE 5 MILE Two units available: 665 SF and 1,600 SF 22,581 147,033 322,001 665 SF is fully renovated and move-in ready 1,600 SF space is a blank canvas and customizable Space offered at below-market rent Office space is right off common area/central atrium Versatile spaces allow for many different uses Timber loft style with exposed brick and high ceilings Close to McCormick Place and Wintrust Arena 1/2 mile to CTA Red and Green Line Stations FOR LEASE - Prairie District Lofts Location Summary | 03 Locator Map The Prairie District is considered an historic district with good reason. It was the site of the Battle of Fort Dearborn and became the city’s most fashionable residential district after the Great Chicago Fire in 1871. It has been designated a Chicago Landmark and is on the National Register of Historic Places. But the Prairie District is a very modern neighborhood as well. Its architecture represents every major building period in the history of Chicago, from the 1836 Greek Revival Clarke House (now a museum) to modern townhouse and condominium developments Within the Prairie District’s boundaries you’ll find not just the quiet, tree-lined streets around Prairie and Indiana Avenues, but also Central Station and Museum Park and the South Michigan Avenue residential and retail corridor. As a part of the larger South Loop area, residents of the Prairie Avenue District are benefiting from a burgeoning retail and restaurant scene. Panozzo’s Italian Market, and Little Branch Café are popular spots at the northern end of the district, while to the south around 18th Street, residents choose from a variety of tapas and sushi bars, plus favorites like Regional Map Kroll’s South Loop, a neighborhood bar and grill, and Café Bionda, which features Italian specialties and cocktails. Residents and other commuters of the Prairie Avenue District enjoy their neighborhood’s walkability, but CTA buses and the Red Line elevated trains provide convenient alternatives. Metra trains also offer 2 stops in the area on their way to Millennium Station on Michigan Avenue. FOR LEASE - Prairie District Lofts Aerial Map | 04 FOR LEASE - Prairie District Lofts | 05 FOR LEASE - Prairie District Lofts Property Images | 06 FOR LEASE - Prairie District Lofts Property Images | 07 FOR LEASE - Prairie District Lofts Property Images | 08 FOR LEASE - Prairie District Lofts Property Images | 09 FOR LEASE - Prairie District Lofts Property Images | 10 FOR LEASE - Prairie District Lofts Property Images | 11 FOR LEASE - Prairie District Lofts Property Images | 12 FOR LEASE - Prairie District Lofts Property Images | 13 FOR LEASE - Prairie District Lofts Property Images | 14 FOR LEASE - Prairie District Lofts Property Images | 15 FOR LEASE - Prairie District Lofts Property Images | 16 FOR LEASE - Prairie District Lofts Property Images | 17 FOR LEASE - Prairie District Lofts Property Images | 18 FOR LEASE - Prairie District Lofts Property Images | 19 FOR LEASE - Prairie District Lofts Property Images | 20 FOR LEASE - Prairie District Lofts Property Images | 21 FOR LEASE - Prairie District Lofts Property Images | 22 FOR LEASE - Prairie District Lofts Demographics | 23 POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE 2000 Population 21,183 220,695 686,317 2000 Total Housing 12,505 112,155 305,618 2010 Population 35,962 251,918 670,885 2010 Total Households 19,345 124,370 290,786 2018 Population 42,000 290,532 727,791 2018 Total Households 22,581 147,033 322,001 2023 Population 47,554 312,924 759,089 2023 Total Households 25,738 160,028 339,091 2018 African American 8,947 56,153 186,444 2018 Average Household Size 1.82 1.89 2.16 2018 American Indian 49 1,055 3,205 2000 Owner Occupied Housing 3,404 31,444 89,111 2018 Asian 12,836 59,302 80,316 2000 Renter Occupied Housing 7,365 64,988 179,912 2018 Hispanic 2,531 50,279 198,848 2018 Owner Occupied Housing 9,711 52,609 110,277 2018 White 18,075 142,635 340,145 2018 Renter Occupied Housing 12,870 94,424 211,724 2018 Other Race 760 22,554 95,654 2018 Vacant Housing 2,945 22,909 47,958 2018 Multiracial 1,321 8,691 21,747 2018 Total Housing 25,526 169,942 369,959 2018-2023: Population: Growth Rate 12.60 % 7.50 % 4.25 % 2023 Owner Occupied Housing 10,201 56,254 116,608 2023 Renter Occupied Housing 15,538 103,773 222,483 2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE 2023 Vacant Housing 2,404 21,311 47,742 less than $15,000 3,512 22,464 52,756 2023 Total Housing 28,142 181,339 386,833 $15,000-$24,999 1,238 10,626 29,212 2018-2023: Households: Growth Rate 13.25 % 8.55 % 5.20 % $25,000-$34,999 1,152 9,202 24,484 $35,000-$49,999 1,992 12,620 32,186 $50,000-$74,999 3,587 21,612 46,972 $75,000-$99,999 2,509 16,820 34,441 $100,000-$149,999 3,150 21,336 42,456 $150,000-$199,999 2,043 11,807 22,584 $200,000 or greater 3,399 20,546 36,911 Median HH Income $73,179 $70,396 $59,753 Average HH Income $113,105 $108,502 $97,023 Source: esri FOR LEASE - Prairie District Lofts Demographic Charts | 24 2018 Household Income 1 Mile Radius 3 Mile Radius 5 Mile Radius 2018 Population by Race 1 Mile Radius 3 Mile Radius 5 Mile Radius FOR LEASE - Prairie District Lofts Demographic Charts | 25 2018 Household Occupancy - 1 Mile Radius 2018 Household Income Average and Median Average Income Median Income FOR LEASE - Prairie District Lofts CONFIDENTIALITY and 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 Atlas Asset Management and it should not be made available to any other person or entity without the written consent of Atlas Asset Management. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Atlas Asset Management. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Atlas Asset Management has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Atlas Asset Management has not verified, and will not verify, any of the information contained herein, nor has Atlas Asset Management conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. Exclusively Marketed by: Michael Tolliver Edward N. Bluemel II Managing Broker Senior Associate (312) 617-8095 630.709.3581 [email protected] [email protected] powered by CREOP.
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