1650-1660 North Wells Street Chicago, Il 60614

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614

Wayne Caplan Senior Vice President 312.529.5791 [email protected] Michael Elam Associate Advisor 312.756.7331 [email protected]

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM PROPERTY INFORMATION 1 Property Summary & Highlights Property & Location Overviews Floor Plan Available Spaces Photos | Unit 1652-1654 (South) Photos | Unit 1656-1658 (Center) LOCATION INFORMATION 2 Regional Map Location Maps Area Retailer Aerial DEMOGRAPHICS 3 Demographics Map & Report

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET, CHICAGO, IL 60614 OFFERING MEMORANDUM PROPERTY INFORMATION 1650-1660 North Wells Street Chicago, IL 60614

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 3 Property Summary & Highlights

OFFERING SUMMARY PROPERTY HIGHLIGHTS

Sale Price: $1,980,000 • Phenomenal Opportunity in Chicago's Old Town / Lincoln Park Neighborhood

Price/SF: $240.00 • 8,250 SF Ground Floor Commercial / Retail Condo Available for Sale or Lease

Lease Rate: $25.00-$28.00/SF NNN • Entire 8,250 SF Condo for Sale at $1,980,000 or Individual Units for Lease at $25.00 - $28.00/SF NNN

Condo Unit Size: 8,250 SF • Currently Demised Into 3 Spaces at 3,300 SF, 3,610 SF, and 1,340 SF Year Built: 1978 • Second Generation Spaces with Substantial Existing Infrastructure for a Fitness User, an Apparel Store, and Salon Zoning: C1-5 • Perfect Location for Salons, Spas, Medical / Dental Offices, Apparel Retailers, Service Providers, Fitness Users, and Cafes Market: Chicago • Great Location - Just Steps to Piper's Alley, Zanies, and the North Avenue and Wells Street Intersection Submarket: Old Town / Lincoln Park • Surrounded by Excellent Demographics with High Household Incomes, High Home Values, and Dense Populations Trafficoun C t: 8,725 VPD (Wells St)

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 4

The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Property & Location Overviews

PROPERTY OVERVIEW

SVN | Chicago Commercial is pleased to present this commercial / retail condo opportunity in the heart of Chicago's preeminent Old Town / Lincoln Park neighborhoods, located just steps from Piper's Alley and the high-profile, high traffic corner of North Avenue and Wells Street. Take advantage of great street frontage and exposure in one of Chicago's most popular and established areas.

This approximately 8,250 square foot ground floor commercial condo is currently demised into 3 spaces - 3,300 square feet (South Unit), 3,610 square feet (Center Unit), and 1,340 square feet (North Unit). The spaces consist of a second-generation fitness studio, an apparel store, and a salon - all with substantial infrastructure and build-out in place.

The entire 8,250 square foot commercial condo is being offered for sale at $1,980,000 or for lease at $25.00 - $28.00/SF NNN for the individual spaces.

LOCATION OVERVIEW

Old Town and Lincoln Park are two of Chicago's most popular and sought after neighborhoods for restaurants, bars, retailers, salons, and other tenants of all shapes and sizes. Situated just steps to Piper's Alley (featuring The Second City), Zanies Comedy Club, The Moody Church, Walgreens, Starbucks, many other quality tenants.

This area is very highly-trafficked and features strong demographics boasting average annual household incomes of more than $128,000, average home values of over $567,000, and a population of more than 64,600 within 1 mile. Easily accessed by CTA buses and trains (Brown and Purple lines), this area features entertainment venues, restaurants, retail, and much more - all of this and it in close proximity to Lincoln Park Zoo, Lake Michigan, North Avenue Beach, and Lake Shore Drive.

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 5

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 6

LEASE RATE: $25.00 - 28.00 SF/YR TOTAL SPACE: 1,340 - 8,250 SF

LEASE TYPE: NNN LEASE TERM: Negotiable

SPACE LEASE RATE LEASE TYPE SIZE TERM COMMENTS

Up to 8,250 SF of contiguous retail / office space available. 1652-1654 North Wells Street $25.00 SF/yr NNN 3,300 SF Negotiable This unit is currently built-out as a 3,300 SF fitness tudio.s Space is divisible.

Up to 8,250 SF of contiguous retail / office space available. 1656-1658 North Wells Street $25.00 SF/yr NNN 3,610 SF Negotiable This unit is currently built-out as a 3,610 SF apparel store. Space is divisible.

Up to 8,250 SF of contiguous retail / office space available. 1660 North Wells Street $28.00 SF/yr NNN 1,340 SF Negotiable This unit is currently built-out as a 1,340 SF salon.

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 7

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 8

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 9

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 10 Regional Map

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 11

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 12

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 13

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 14 Demographics Map & Report

POPULATION 1 MILE 1.5 MILES 2 MILES Total Population 64,882 122,050 189,245 Median Age 37.1 36.4 35.4 Median Age (Male) 37.7 36.9 36.0 Median Age (Female) 36.6 35.9 34.9

HOUSEHOLDS & INCOME 1 MILE 1.5 MILES 2 MILES Total Households 37,868 71,851 110,395 Number of Persons per Household 1.7 1.7 1.7 Average Household Income $128,404 $131,864 $128,255 Average Home Value $567,120 $573,761 $565,649

* Demographic data derived from 2010 US Census

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 15

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 16