HINSDALE | FREE STANDING RETAIL/OFFICE 110 E OGDEN AVENUE HINSDALE, IL 60521
Paul Cawthon Vice President 312.676.1878 [email protected] Angelo Labriola Vice President 312.676.1870 [email protected]
SVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607 OFFERING MEMORANDUM PROPERTY INFORMATION 3 Executive Summary Available Spaces Property Description Property Details Additional Photos LOCATION INFORMATION 9 Location Maps Retailer Map Aerial Map Site Plan SALE COMPARABLES 14 Sale Comps Sale Comps Summary Sale Comps Map DEMOGRAPHICS 19 Demographics Map ADVISOR BIOS 21 Mr. Cawthon Bio Mr. Labriola Bio
SVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607 OFFERING MEMORANDUM FOR SALE | RETAIL 110 E OGDEN AVENUE | HINSDALE 110 E Ogden Avenue | Hinsdale, IL 60521
1 PROPERTY 1 PROPERTY INFORMATIONINFORMATION 110 E Ogden Avenue Hinsdale, IL 60521
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 3 All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Executive Summary
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $899,000 Price Reduced! Rarely available free standing building on Ogden Avenue in the very desirable Village of Hinsdale, IL. One of the few available freestanding buildings in the immediate area and features dedicated parking.
Building SF: 2,840 Perfect for medical office, boutique, veterinarian, redevelopment and numerous other uses. Superb visibility with 32,000 vehicles per day passing by the site and over 47,000 vehicles per day at the intersection of Ogden Avenue and York Road. Lot Size: 24,830 SF PROPERTY HIGHLIGHTS
Parking: 25+ • Just a few Blocks to I-294 • DuPage County Location Year Built: 1957 • Superb Ogden Avenue Visibility
Zoning: O-2 • Outstanding Demographics • Freestanding Building Market: Chicago • Rarely Available Stand-alone Retail/Office on Ogden • 47,200 VPD at Intersection Price / SF: 334.51
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Available Spaces
LEASE TYPE | NNN
TOTAL SPACE | 2,840 SF
LEASE TERM | Negotiable
LEASE RATE | $30.00 SF/yr
SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE DESCRIPTION
110 E Ogden Ave Available 2,840 SF NNN $30.00 SF/yr
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Property Description
PROPERTY OVERVIEW
Price Reduced! Rarely available free standing building on Ogden Avenue in the very desirable Village of Hinsdale, IL. One of the few available freestanding buildings in the immediate area and features dedicated parking.
Perfect for medical office, boutique, veterinarian, redevelopment and numerous other uses. Superb visibility with 32,000 vehicles per day passing by the site and over 47,000 vehicles per day at the intersection of Ogden Avenue and York Road.
LOCATION OVERVIEW
Subject property is located on Ogden Avenue, just west of York Road in the highly desirable Village of Hinsdale, Ogden Avenue is a major East - West Corridor with 32,000 vehicles per day passing by the property and 47,000 vehicles per day at the lighted intersection of Ogden and York.
Hinsdale is a Western Suburb of Chicago and is listed in the top 1% of wealthiest towns in Illinois. It is located 20 miles West of Chicago and is bordered by Oak Brook to the north, Burr Ridge to the south, Western Springs to the east and Clarendon Hills to the west.
It has excellent transportation options with easy access to I-55, I-294, I-88 and I-290. It also is served by Metra's Burlington Northern line, providing a 22-minute express train ride to downtown Chicago.
The subject property is approximately a half mile from the entrance of I-294 and is surrounded by office, retail and housing.
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Property Details
SALE PRICE $899,000 PROPERTY DETAILS LEASE PRICE $30.00 PSF NNN Property Type Retail Property Subtype Free Standing Building LOCATION INFORMATION Zoning O-2 Building Name Hinsdale | Free Standing Retail/Office Lot Size 0 SF Street Address 110 E Ogden Avenue APN# 09-01-202-002, -007 City, State, Zip Hinsdale, IL 60521 Real Estate Taxes (2018) $9,346.21 County/Township Dupage Market Chicago Submarket West
BUILDING INFORMATION
Building Size 2,840 SF Tenancy Single Year Built 1957 Parking 25+
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Additional Photos
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. FOR SALE | RETAIL 110 E OGDEN AVENUE | HINSDALE 110 E Ogden Avenue | Hinsdale, IL 60521
2 LOCATION 2 LOCATION INFORMATIONINFORMATION 110 E Ogden Avenue Hinsdale, IL 60521
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 9 All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Location Maps
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 10
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. Retailer Map
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Aerial Map
Hinsdale | Free Standing Retail/Office
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Site Plan
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. FOR SALE | RETAIL 110 E OGDEN AVENUE | HINSDALE 110 E Ogden Avenue | Hinsdale, IL 60521
3 SALE 3 SALE COMPARABLESCOMPARABLES 110 E Ogden Avenue Hinsdale, IL 60521
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 14 All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Sale Comps
SUBJECT PROPERTY
110 E Ogden Avenue, Hinsdale, IL 60521 Sale Price: $899,000 Year Built: 1957 Building SF: 2,840 SF Price PSF: $316.55
724 N YORK ROAD 1 Hinsdale, IL 60521 1 Sale Price: $1,850,000 Lot Size: 30,492 SF Building SF: 14,040 SF Price PSF: $131.77 Closed: 08/28/2017
Property to be demolished and redeveloped for the new home to Hinsdale Animal Hospital. Odd Shaped Lot "L" shaped.
718 N YORK ROAD 2 718 N York Road | Hinsdale, IL 60521 2 Sale Price: $485,000 Lot Size: 11,151 SF Building SF: 2,279 SF Price PSF: $212.81 Closed: 01/16/2018
2,279 SF Building - Older office building, located just South of Ogden on York Road. Building is being demolished.
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 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. Sale Comps
20 E OGDEN AVENUE 3 Hinsdale, IL 60521 3 Sale Price: $1,665,000 Lot Size: 39,258 SF Building SF: 8,396 SF Price PSF: $198.31 Closed: 02/08/2016
7,100 SF of rentable SF, 1,200+/- SF of common area and underground parking. Was built out as medical, sold to a remodeling company who remodeled the property and use it for a showroom and office
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 16
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. Sale Comps Summary
SUBJECT PROPERTY PRICE LAND SF PRICE/SF LAND BLDG SF PRICE/SF Hinsdale | Free Standing Retail/Office 110 E Ogden Avenue $899,000 24,755 SF $38.38 2,840 SF $316.55 Hinsdale, IL 60521
SALE COMPS PRICE BLDG SF PRICE/SF CLOSE
1 724 N York Road Hinsdale, IL $1,850,000 30,492 SF $60.67 14,040 SF $131.77 08/28/2017 60521
2 718 N York Road 718 N York Road $485,000 11,151 SF $43.50 2,279 SF $212.81 01/16/2018 Hinsdale, IL 60521 3 20 E Ogden Avenue Hinsdale, IL $1,665,000 39,258 SF $42.41 8,396 SF $198.31 02/08/2016 60521
PRICE LAND SF PRICE/SF LAND BLDG SF PRICE/SF CLOSE Totals/Averages $1,333,333 26,967 SF $48.86 8,238 SF $161.85
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 17
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. Sale Comps Map
SUBJECT PROPERTY 110 E Ogden Avenue | Hinsdale, IL 60521
724 N YORK ROAD 718 N YORK ROAD 20 E OGDEN AVENUE Hinsdale, IL 718 N York Road Hinsdale, IL 60521 Hinsdale, IL 60521 60521 1 2 3
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 18
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. FOR SALE | RETAIL 110 E OGDEN AVENUE | HINSDALE 110 E Ogden Avenue Hinsdale, IL 60521
4 4 DEMOGRAPHICS DEMOGRAPHICS 110 E Ogden Avenue Hinsdale, IL 60521
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 19 All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Demographics Map
POPULATION 1 MILE 3 MILES 5 MILES
Total population 7,093 79,326 253,935
Median age 44.1 44.3 42.5
Median age (Male) 44.1 42.6 40.5
Median age (Female) 43.9 45.1 43.7
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,414 28,840 95,923
# of persons per HH 2.9 2.8 2.6
Average HH income $224,527 $171,338 $121,439
Average house value $825,928 $706,599 $535,002
* Demographic data derived from 2010 US Census
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 20
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. FOR SALE | RETAIL 110 E OGDEN AVENUE | HINSDALE 110 E Ogden Avenue | Hinsdale, IL 60521
5 ADVISOR BIOS 5 ADVISOR BIOS 110 E Ogden Avenue Hinsdale, IL 60521
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 21 All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Mr. Cawthon Bio
PAUL CAWTHON PROFESSIONAL BACKGROUND Vice President Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializes in multi-family, sale and leasing of retail, as well as commercial development property. The Cawthon- Labriola team are specialists in the Pilsen neighborhood, with 60+ transactions completed in the neighborhood over the past few years.
Prior to joining SVN he served as a senior commercial associate with the Chicago office of Inland Real Estate Brokerage, Inc. A business owner for over 15 years, Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offering his clients in-depth analysis of real estate products and financial solutions for their real estate investments. During his extensive real estate career Cawthon has won real estate awards such as the Rookie of the Year award for outstanding sales achievement and Lister of the Year. He has also been featured on the front page of the Chicago Tribune's Sunday Real Estate Section. Mr. Cawthon has participated in many high profile property listings including a portfolio of Class A Lifestyle Retail Centers in the Chicagoland area valuing at over $300 million and a rare redevelopment opportunity in Chicago's Gold Coast area located just off the Magnificent Mile. He has been hired by several municipalities to advise them on redevelopment and attracting retailers to their communities. In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide.
940 West Adams Street, Suite 200 Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their two Chicago, IL 60607 daughters, Sedona and Savanna. T 312.676.1878 C 630.640.1001 [email protected]
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 22
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. Mr. Labriola Bio
ANGELO LABRIOLA PROFESSIONAL BACKGROUND Vice President Angelo J. Labriola serves as a Vice President for SVN | Chicago Commercial, specializing in the sale of multi-family, mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towards possessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joining SVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial real estate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He has participated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest & Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast at Chicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in the top 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialties include mixed-use & multi-family assets in the near Loop neighborhoods and, along with business partner Paul Cawthon, they have currently completed over 50 transactions and have multiple more in contract on the horizon.
Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR) and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasis in Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer and 940 West Adams Street, Suite 200 spending time with his wife and family. Chicago, IL 60607 T 312.676.1870 EDUCATION C 708.307.7529 B.S. in Finance and a minor in Economics from DePaul University - Chicago, IL [email protected] MEMBERSHIPS & AFFILIATIONS
National Association of Realtors (NAR) Illinois Association of Realtors (IAR) Chicago Association of Realtors (CAR)
HINSDALE | FREE STANDING RETAIL/OFFICE | 110 E OGDEN AVENUE HINSDALE, IL 60521 SVN | Chicago Commercial | Page 23
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.