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3243 OM.Indd 3243 N. CALIFORNIA CHICAGO, ILLINOIS OFFERING MEMORANDUM EXTRAORDINARY NORTH SIDE OPPORTUNITY MICHAEL L. SENNER ALAIN LE COQUE Executive Vice President Principal [email protected] [email protected] DIR +1 847 698 8234 DIR +1 312 612 5941 TABLE OF CONTENTS > OFFERING SUMMARY 3 Exclusive Agent Agreement & Disclaimer Contact Information > PROPERTY OVERVIEW 5 Property Highlights Property Information Area Map Site Plan Property Survey > PROPERTY DESCRIPTION 11 3243 N. California Exclusive Agent Agreement Colliers International has been retained by ownership as exclusive agent to sell (“Seller/Landlord”) 3243 N. California Ave., Chicago, IL (“property”). Please review, execute and return the “Non-Disclosure Agreement” to receive access to the confi dential property information. If you have any questions please feel free to contact us. Contacts The designated agents for the Seller are: MICHAEL L. SENNER ALAIN LE COQUE Executive Vice President Principal [email protected] [email protected] DIR +1 847 698 8234 DIR +1 312 612 5941 Colliers International Disclaimer This document has been prepared by Colliers International for advertising and 6250 N. River Road, Suite 11-100 general information only. Colliers International makes no guarantees, Rosemont, IL 60018 representations or warranties of any kind, expressed or implied, regarding the +1 847 698 8444 information including, but not limited to, warranties of content, accuracy and www.colliers.com/chicago reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excluded unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2017. All rights reserved. COLLIERS INTERNATIONAL 3 3243 N. California Off ering Summary Colliers International is pleased to present an exceptional opportunity to purchase a high profi le in-city site. The off ering consists of one parcel totaling 89,167 SF or 2.05 acres. Recently two single story structures of approximately 89,582 SF have been razed to support a ground up development. Located on the northeast corner of Melrose Street and California Avenue, opportunities of the size and quality rarely become available for sale. COLLIERS INTERNATIONAL 4 3243 N. California Property Highlights » 2.05 acre lot located in an established, desirable and affl uent neighborhood setting. » Currently zoned M1-1 » The two single story structures of 36,553 SF and 52,407 SF have been razed to support ground-up construction. » The subject is ideal for a thoughtful low density residential project. » The Properties’ superb location, high visibility, as well as access to public transportation, expressways, and recreational activities will play a signifi cant role in the success of a new development. » The positive demographic profi le of the properties market area underlies the Properties’ potential for highly successful development. » Chicago is a major Great Lakes port and the commercial, fi nancial, and industrial center of the Midwest. Its standing as a world-class city is based on the value if its capital markets, diversity of human capital, international information resources, international cultural resources, and political infl uence. A key element of Chicago’s economic strength is its position as a global business center. It is one of the top 10 global fi nancial centers in the world. Recently the city’s economy has begun to turn around as seen in signifi cant gains in employment. COLLIERS INTERNATIONAL 5 3243 N. California Property Information MARKET Chicago SUBMARKET Avondale SITE DESCRIPTION 89,167 SF (2.05 acres) IMPROVEMENTS All improvements have been demolished SPECIFICATIONS Tax Parcels: 13-24-404-007 13-24-404-005 13-24-405-001 13-24-405-002 13-24-405-003 13-24-405-004 ZONING M1-1 COLLIERS INTERNATIONAL 6 3243 N. California Site Plan 589.35’ 250.02’ 3243 N CALIFORNIA 250.02’ 175.01’ 127.66’ PARKING 125.01’ COLLIERS INTERNATIONAL 7 3243 N. California Survey COLLIERS INTERNATIONAL 8 3243 N. California Tax Map leased: north parking lot A PIN NUMBER MAP leased: west parking lot B FOR THE OFFERING N CALIFORNIA AVENUE 3243 N California 13-24-404-005 13-24-404-007 13-24-405-001 13-24-405-002 3401 n california 2718 w roscoe W ROSCOE STREET 13-24-405-003 2815 w roscoe 3325 n california 2727 w roscoe east parking lot D 13-24-405-004 guest parking lot south parking lot C HENDERSON STREET 3280 n california 3269 n california 3243 n california 13-24-404-005 13-24-404-007 cretors parking lot 13-24-405-001 13-24-405-002 13-24-405-003 13-24-405-004 MELROSE STREET NOTE: ALL PIN CODES END IN -0000 JANUARY 13, 2014 COLLIERS INTERNATIONAL 9 3243 N. California 19 Irving Park Rd PORTAGE PARK NORTH CENTER N Broadway Addison St AVONDALE 3243 N CALIFORNIA Clark St LAKEVIEW Area Map Belmont Ave Laramie Ave Laramie Central Ave Central Austin Ave Austin Milwaukee Ave Lincoln Ave Elston Ave 41 Southport Ave Sheffield Ave Sheffield Ashland Ave Diversey Ave Halsted St Clybourn Ave BELMONT CRAGIN Fullerton Ave LOGAN SQUARE 50 HERMOSA LINCOLN PARK Lincoln Park Zoo Central ParkAve Central Armitage Ave Humboldt Blvd California Ave California Western Ave Western Kostner Ave Kostner Damen Ave Kedzie Ave Kedzie Pulaski Rd 64 North Ave 94 Grand Ave WICKER PARK HUMBOLDT St Larabee PARK Goose Island Division St Humboldt Park NEAR UKRAINIAN NORTH SIDE Augusta Blvd VILLAGE Chicago Ave Navy Pier Sacramento Blvd Sacramento WEST TOWN Ohio St STREETERVILLE AUSTIN Grand Ave Illinois St Kinzie St Lake St Michigan Ave AK PARK Randolph St State St WEST GARFIELD Washington Blvd EAST GARFIELD PARK Madison St PARK NEAR WEST SIDE Garfield Park Adams St Jackson Blvd GREEKTOWN Jackson Blvd Grant Park 290 Harrison St Columbus Park Lake Michigan 290 ILLINOIS LITTLE ITALY Racine Ave Racine 41 MEDICAL DISTRICT Roosevelt Rd Museum Campus Douglas Park Ridgeland Ave 90 16th St 18th St LAWNDALE 94 Ogden Ave Cermak Rd Archer Ave LOWER WEST CICERO SIDE 26th St W 26th St 55 SOUTH LAWNDALE 31st St 31st St 31st St BRIDGEPORT 90 DOUGLAS Burnham Park MCKINLEY PARK 35th St COLLIERS INTERNATIONAL 10 3243 N. California Area Description The subject property is located approximately seven miles northwest of Chicago’s Loop, in the Avondale community. Avondale is bounded by Diversey Avenue on the south, Addison Street on the north, Pulaski Road and the Chicago, Milwaukee, & St. Paul railroad on the west and the North Branch of the Chicago River on the east. Adjoining communities include Logan Square on the south, North Center on the east, Irving Park on the north and Hermosa on the west. Avondale is one of several northwest side communities that grew with the development of Milwaukee Road and the two railroads running northwest through or along the community: the Chicago, Milwaukee, and St. Paul and the Chicago and Northwestern. Manufacturing developed along both railroad tracks, the North Branch of the Chicago River as well as the brickyards in the vicinity of Belmont and California Avenues. The Kennedy Expressway (I-90/94) runs through the community and there are multiple access points. Public transportation to the Loop is convenient and widely available. Bus service is available along Elston Avenue and Addison Avenue. COLLIERS INTERNATIONAL 11.
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