FOR LEASE - Wrigleyville Bar / Restaurant 2,695 First Floor 1,000 sf Basement CHICAGO REAL ESTATE RESOURCES, INC. - [CRER]
CONFIDENTIALITY & DISCLOSURE
All materials and information received or derived from Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Chicago Real Estate Resources, Inc. (CRER) will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Chicago Real Estate Resources, Inc. (CRER) makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Chicago Real Estate Resources, Inc. (CRER) does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Chicago Real Estate Resources, Inc. (CRER) in compliance with all applicable fair housing and equal opportunity laws. FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
3720 N Clark Street, Chicago IL 60613
Located one block from Wrigley Field home to the Chicago Cubs
• Second generation bar / restaurant space 2,695 +/- sf of retail level space
• Additional 1,000 +/- sf prep area in basement
• 55' of frontage along Clark street
• Currently approved for an occupancy of 99 people
• Zoning: B3-2
• Rental Rate: $7,972.71 per month / $35.50 per SF net
• Taxes (2016): $1.39 per sf
• Key Fee: $100,000
This is a unique opportunity to operate your business in a location with a constant stream of customers. This unparalleled retail location is bracketed by Wrigley Field one block southeast and the Metro music venue two doors northwest. Wrigleyville has always been a popular destination and with multiple major developments going up surrounding Wrigley Field it is no surprise that national tenants as well as established Chicago business owners are opening new locations in Wrigleyville.
Chicago Real Estate Resources, Inc. Presented by: 205 N. Michigan Ave. Suite 2950 Steven Rapoport, CCIM Chicago, IL 60601 847-863-2707 www.CRER.com [email protected] FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
Wrigleyville Neighborhood Information
• Over 3 million people annually attend Cubs games at Wrigley Field
• Wrigley Field has become a top destination as a premier concert venue hosting approximately 10 major concerts per year.
• Over 3 million people commute annually from the on the Addison Red line train stop
• Average household income in the area is over $80,000 Wrigleyville Developments
Addison & Clark Development: A large development containing 148 apartments, 146,000 square feet of commercial space. Retail tenants anticipated at this location include: - Harley-Davidson, Cinemex Movie Theaters, Lucky Strike Bowling and Shake Shack
Hotel Zachary: 175 room hotel under development. Retail tenants anticipated at this location include: Wintrust Bank, McDonald’s, Big Star
The Park at Wrigley Field: A public destination where neighborhood families and visitors gather for year round activities. Destinations at this development include: Starbucks, a Public & Private Event Space, and the 2016 Chicago Cubs' World Championship Trophy Room.
Wrigley Annex: This proposed new structure at the corner of Addison and Sheffield is expected to include retail and restaurant space and a ticket office.
1111 W Addison Street: New 3 story proposed retail development W Addison: New 3 story proposed retail development
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
Neighborhood Map
Wrigley Field: 1060 W Addison Street (over 3 million visitors per year)
Addison Red Line Stop: Addison & Sheffield (over 3.2 million annual commuters
1) Uncommon Ground: 3800 N Clark Street
2) Metro Music Hall: 3730 N Clark Street
3) Rockit Bar & Grill: 3700 N Clark Street
4) Bernies Tap & Grill: 3664 N Clark Street
5) Casey Morans: 3660 N Clark Street
6) Rizzo's Bar and Inn: 3658 N Clark Street
7) Hotel Zachary: 175 room hotel under development.
8) 1111 W Addison: New 3 story proposed retail development
9) Over 20 well established Bars and Restaurants: along Clark Street between 3400 N. Clark Street and 3500 N Clark Street.
10) Addison & Clark Development: A large development containing 148 apartments, 146,000 square feet of commercial space. Retail tenants anticipated at this location include: Harley- Davidson, Cinemex Movie Theaters, Lucky Strike Bowling and Shake Shack.
11) Wrigley Annex: This proposed new structure at the corner of Addison and Sheffield is expected to include retail and restaurant space and a ticket office.
12) The Park at Wrigley Field: A public destination where neighborhood families and visitors gather for year round activities. Destinations at this development include: Starbucks, a Public & Private Event Space, and the 2016 Chicago Cubs' World Championship Trophy Room.
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
Additional Pictures
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
Additional Pictures
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
Floorplan
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
AREA DEMOGRAPHICS
POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 14,016 63,043 137,516 POPULATION DENSITY 14,016 63,043 137,516 MEDIAN AGE 33.0 33.4 33.8 MEDIAN AGE (MALE) 32.8 34.1 34.1 MEDIAN AGE (FEMALE) 33.5 33.5 33.8
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 7,527 31,139 65,327 # OF PERSONS PER HH 1.9 2.0 2.1 AVERAGE HH INCOME $82,852 $90,252 $91,938 AVERAGE HOUSE VALUE $541,496 $574,406 $527,424
RACE & ETHNICITY 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION - WHITE 10,791 50,249 105,582 TOTAL POPULATION - BLACK 528 2,475 6,798 TOTAL POPULATION - HISPANIC 2,230 10,182 21,616 TOTAL POPULATION - ASIAN 1,003 3,444 9,693 TOTAL POPULATION - HAWAIIAN 0 204 239 TOTAL POPULATION - INDIAN 5 81 410 TOTAL POPULATION - OTHER 1,455 5,319 11,816 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER]
ABOUT CRER Chicago Real Estate Resources (CRER) is a full-service, boutique commercial real estate firm devoted to providing exceptional service for your every real estate need.
From new regulations to emerging technologies, the commercial real estate market is constantly changing. It’s our job to simplify that complexity and empower you with clear information so you can make the best decisions for your own portfolio.
Founded in 2004 by Chicago real estate veteran Eric Janssen, Chicago Real Estate Resources specializes in a multitude of services including investment real estate sales and leasing, tenant representation, property management and receiverships services.
Learn how CRER brokers focus on maximizing value Learn more for their clients through their vast experience, market CRER.com knowledge and resources.
TRUSTED COMMERCIAL EXPERTISE THROUGHOUT CHICAGOLAND
COMPANY ACHIEVEMENTS COMPANY MISSION
96% Satisfaction rate among our clients CRER is dedicated to providing the finest commercial real estate services; maintaining a 16 Years - Average CRER broker experience reputation for honesty and ethical behavior, and keeping the client’s needs as the top priority. 30% of CRER brokers are CCIM designees
$1.6 Billion in receivership Our goal is to consistently exceed your expectations and facilitate a lucrative transaction. 75% of CRER listings sell within 90 days We value the long-term alliances we have forged with our clients, and the strong business results 13 Years of continuous company growth they have achieved. FOR LEASE- Wrigleyville Bar / Restaurant 3720 N. Clark Street, Chicago IL 60613
SERVICES
CRER brokers offer a breadth of knowledge and expertise encompassing all asset classes and marketplaces throughout the Chicago metro area.
CRER provides professional expertise in the following areas of commercial real estate:
Sales Acquisitions
Our extensive database of investors, With access to all on-market listings knowledge of the market and listing as well as many off-market and REO syndication with CoStar, LoopNet opportunities, our commercial brokers and the MLS, ensures maximum will find the opportunity you are market exposure for all of our looking for. listings
Leasing Valuation Our experienced brokers work With a team of experienced with building owners to properly commercial brokers knowledgeable market and attract quality tenants on the day-to-day market conditions, to maximize occupancy as well as CRER is well-equipped to handle negotiate leases that maximize a valuations of all property types. property’s profit potential.
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Retail Multi-family Retail Office Office Industrial Industrial
205 N. Michigan Ave: Suite 2950 Chicago IL 60601 CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] www.CRER.com CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] STEVEN RAPOPORT, CCIM
STEVEN RAPOPORT, CCIM 205 N. Michigan Ave., Cell: 847-863-2707 COMMERCIAL BROKER Suite # 2950 [email protected] Chicago, IL. 60601
As a broker with Chicago Real Estate Resources and lifelong resident of the Chicago area, Steven has complited over 200 real estate sales and leasing transactions over the last 8 years. His primary focus is listing mid-market investment properties in the City of Chicago ranging in value from $500,000 to $5,000,000.
In 2013, 2014, 2015 & 2016 Steven was recognized as an elite top producer by Commercial Forum a division of the Chicago Association of Realtors. Only 2% of the eligible brokers are able to produce the volume of sales required to rank as one of the best Chicagoland Commercial Brokers for the year.
In 2016, Steve earned the prestigious Certified Commercial Investment Member (CCIM) designation. The CCIM designation is the industry’s most distinguished Commercial Real Estate certification with a high caliber curriculum and experience requirement that has been met by only 6% of commercial practitioners nationwide.
As a testament to the exclusivity of this designation Steven is one of only SALES STATISTICS 55 commercial Real Estate Brokers in the Chicagoland area holding the CCIM designation. CCIM members successfully complete thousands of transactions annually, representing more than $200 Billion in value.
Let Steven provide you the information and analysis you need to help you make the best possible decision based on your individual situation.
Free current market value report for your property: - Quantitative analysis of similar recent comparable sales. - Income capitalization analysis & discounted cash flow analysis.
Customized marketing designed to achieve your goals: - From a full scale marketing campaign to a confidential listing Steven will formulate the perfect marketing plan for you.
Incremental reporting: - Steven will keep you up to date by providing detailed marketing reports.
High tech resources & time tested techniques: - Steven integrates the latest technology in order to help his clients stay ahead of the market. CHICAGO REAL ESTATE RESOURCES, INC. - [CRER] SALES & LEASING
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Chicago Real Estate Resources, Inc. 205 N Michigan Ave., Suite # 2950 Chicago, Illinois 60601
Office: 773.327.9300 Fax 773.327.9399 Web: CRER.com