OFFERING MEMORANDUM 2954 WEST LAKE STREET KINZIE CORRIDOR
Presented by:
ZACH PRUITT President 312.766.4289 [email protected]
NICHOLAS SCHAEFER Vice President 312.766.4285 [email protected]
OFFERING 1 2954 W. Lake St.
Cawley Chicago is proud to present 2954 W Lake St, a 3,500 SF boutique, loft office/flex building in the Kinzie Corridor two blocks from the City of Chicago’s new $30 million food incubator - The Hatchery. This stand-alone building offers a rare opportunity to acquire a small-boutique building that is becoming near extinct. Ideal for the small business owner looking to purchase for her own use, the investor, or the opportunistic looking to purchase in the next up and coming area. The building is currently subdivided into 1st and 2nd level, with the spaces in move-in ready condi- tions. Each floor has its own private entrance in the front, with shared rear entrance that leads to a surface parking lot. Both floors offer tremendous existing conditions with high-end build outs, and tall, lofted ceilings. The top floor boasts high exposed-timber loft ceilings. First floor bathroom Two blocks from the new Hatchery Chicago, the building is perfectly positioned steps from both the Kedzie and California Green Line stations, two Divvy Stations, a short walk to Garfield Park and two Metra stations. This convenient location provides direct access to the West Loop and downtown via Lake Street, immediate access to I-290 via Sacramento Blvd and quick access to I-90/94 via Western Ave. Contributing to its great location, 2954 W Lake St is situated within the booming Kinzie Corridor, and provides potential buyers a tremendous financial opportunity given the property is within the Kinzie Industrial TIF in addition to the Enterprise 4 Zone. These two City of Chicago programs provide significant financial savings and investment incentives, inclusive of: Sales Tax Exemptions, Real Estate Transfer Tax Exemptions, Machine & Equipment Sales Tax First floor kitchen Exemptions, TIF funds and Utility Tax Exemptions. Priced to sell, 2954 W Lake St is the opportunity you have been looking for. First floor entrance
2 SUMMARY 3 Property Specs Property: 2954 W Lake St Total Building Size: 3,500 SF 1,750 SF per floor x 2 Stories Lot Size: 3,125 SF Parking: 1,350 SF lot on the north side of building Zoning: M1-2 TIF: Kinzie Industrial Corridor Enterprise Zone 4 Matterport tour: https://my.matterport.com/show/?m=9LDEUubSQT5&utm_source=4
Features • 2 blocks from the new $30m food incubator - The Hatchery Chicago • Two floors with move-in ready conditions • High lofted ceilings, with exposed timber on the top floor • Individual front entrances • Ideal for small business owner or investor looking to occupy and lease portion • Walking distance to 2 CTA stations, 2 Metra Stations, Divvy Stations and other public transportation • Direct access to Downtown CBD, and Major Highways • Tremendous opportunity for financial savings and incentives available • Attached surface parking lot • Income opportunity for signage on building with exposure to Lake St and CTA
Pricing Sale Price: $380,000 Lease Price: $14.00 - $16.00 per RSF 2017 Taxes: $4,003.56 ($1.14 per RSF)
4 OFFERING 5 Building Floor Plan
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