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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 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. Floor Plan OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 6 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. Available Spaces 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 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. Photos | Unit 1652-1654 (South) OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 8 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. Photos | Unit 1656-1658 (Center) OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 9 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. LOCATION 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 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 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. Location Maps OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 12 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. Area Retailer Aerial OLD TOWN / LINCOLN PARK COMMERCIAL CONDO FOR SALE OR LEASE | 1650-1660 NORTH WELLS STREET CHICAGO, IL 60614 SVN | Chicago Commercial | Page 13 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. DEMOGRAPHICS 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 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 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. Disclaimer 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.
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