SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE

Transcription

1 SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL Wayne Caplan Senior Vice President wayne.caplan@svn.com Deena Zimmerman Vice President dzimmerman@svn.com

2 Property Description PROPERTY OVERVIEWVIEW Highly visible Michigan avenue retail space for lease in the South Loop. Expertly developed by award winning CMK Companies, 1620 S Michigan Avenue features one remaining 2900 SF commercial space on the ground floor of a 90 unit, 11 story luxury condominium building. Join existing tenants Brighter Dental, OMG Nails & Spa, and L&A Wellness. Over 80 feet of frontage on Michigan Ave.Located in one of the most walkable neighborhoods in Chicago with a 98/100 on Walkscore.com. Perfect location for retail, fitness or medical/office uses. LOCATION OVERVIEWVIEW 1620 S Michigan boasts one of the most convenient locations in the South Loop. The South Loop is an exciting, vibrant, growing area that is setting new standards for Chicago s urban dwellers. Located immediately south of Chicago s Loop CBD, it s a preferred location for those who want to live, work and play in one dynamic area. BULLETS HEADLINE 2900 SF available Approx. 80 ft of frontage on Michigan Ave Ground floor of 90 residential units Join existing Dental, Wellness and Salon/Spa tenants Fantastic South Loop location Many possible retail or office uses Available immediately SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 2

3 Property Details & Highlights Property Name: South Loop - Michigan Ave Retail Space For Lease Property Address: 1620 S Michigan Ave, Chicago, IL Property Type: Retail Space Available: 2900 SF Zoning: PD Cross Streets: 16th Street & Michigan Avenue Year Built: 2006 Number of Stories: 11 # of Condo Units: 90 SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 3

4 Location Maps SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 4

5 Regional Map South Loop - Michigan Ave Retail Space For Lease SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 5

6 Retail Aerial Map SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 6

7 South Loop Aerial Map SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 7

8 Available Spaces LEASE RATE: - TOTAL SPACE: 2,900 SF LEASE TYPE: NNN LEASE TERM: - SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS 1620 S Michigan Street Retail $26.00 SF/yr NNN 2,900 SF Negotiable Ground Floor of 90 residential units SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 8

9 Site Plan SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 9

10 Additional Photos SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 10

11 Demographics Map POPULATION 1 MILE 2 MILES 3 MILES Total population 28, , ,320 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 14,830 46, ,622 # of persons per HH Average HH income $95,456 $84,911 $93,905 Average house value $442,260 $388,006 $436,565 * Demographic data derived from 2010 US Census SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 11

12 Demographics Report 1 MILE 2 MILES 3 MILES Total population 28, , ,320 Median age Median age (male) Median age (female) Total households 14,830 46, ,622 Total persons per HH Average HH income $95,456 $84,911 $93,905 Average house value $442,260 $388,006 $436,565 * Demographic data derived from 2010 US Census SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 12

13 Advisor Bio & Contact 1 WAYNE CAPLAN Senior Vice President PROFESSIONAL BACKGROUND Wayne Caplan is a Senior Vice President for SVN Chicago Commercial, specializing in the sale and leasing of retail, investment and development properties. He has participated in commercial property transactions in excess of $500 million including many high profile transactions in the Chicago area. Wayne recently achieved SVN's prestigious Partner's Circle status for both 2014 & 2016, and was ranked number 23 & 26 respectively, among all SVN advisors nationally in gross commission volume. He also was awarded both a Platinium and Gold Commercial Real Estate Award from the Chicago Association of Realtors for excellence in sales and leasing volume for 2014 and a Platinum award in 2016 for retail sales volume. Wayne s clients range from small individual investors to large regional and national lending institutions, as well as REITs, life insurance companies, and national mixed-use developers. Additional Awards and Recognitions include being named Rookie of the Year for Inland Real Estate Sales in 2000, a top producer at Sheldon Good & Company for six years, and being among the top ten percent nationally of all SVN advisors in gross commission volume for the past nine years. Active in advocacy for the commercial real estate industry, Wayne has served as the Council Chair of Political and Regulatory Affairs for SVN. Wayne is a longtime member of the International Council of Shopping Centers (ICSC). He also served for many years on the Chicago Association of Realtors (CAR) Commercial Forum committee, of which he was the 2006 Committee Chair and has served on the prestigious Board of Directors of the 11,000+ member organization from Wayne has also served on the Commercial Committee for the Illinois Association of Realtors (IAR) and has served as a member of the National Association of Realtors (NAR) board of directors and on both it s Commercial and Commercial Legislative & Regulatory Committees. Wayne currently serves on the ICSC Government Relations Committee for Illinois. He is also active in several Chicago neighborhood groups, and serves on the Board of 940 West Adams Street, Suite 200 Chicago, IL T wayne.caplan@svn.com Directors for The Near South Planning Board in Chicago, and Beth Hillel Congregation Bnai Emunah in Wilmette. Wayne is a contributor to charities such as the American Red Cross, The Jewish United Fund and Streetwise. Wayne lives in Glenview, IL with his wife and two sons. Specialties: Investment Sales, Landlord Representation, Land and Development Consulting EDUCATION MBA - Finance & Real Estate - Northwestern University, Kellogg Graduate School of Management BA - Computer Science - New York University MEMBERSHIPS & AFFILIATIONS Present - Member - International Council of Shopping Centers (ICSC) Present - Member - National Association of Realtors (NAR) Present - Member - Illinois Association of Realtors (IAR) Present - Member - Chicago Association of Realtors (CAR) Present - Member - Psi Upsilon Fraternity - Delta Chapter - New York University Member - Beth Hillel Congregation Bnai Emunah - Wilmette, IL SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 13

14 Advisor Bio & Contact 2 DEENA ZIMMERMAN Vice President PROFESSIONAL BACKGROUND Deena Zimmerman is an award-winning broker who has worked in the real estate industry since Serving as a vice president in the SVN Chicago office, Deena s focus is in tenant representation, specializing in finding high quality sites throughout Chicagoland and surrounding areas for national operators, franchisees, and first-time entrepreneurs. At the beginning of her career Deena was immediately a top-producing agent at The Lord Companies, focusing on property leasing and sales. She subsequently joined Helios Commercial Realty until they joined forces with Jameson Commercial in Prior to her transition into commercial brokerage, she worked for a real estate trade publication, forming close relationships with downtown developers, banks, and brokerage firms. Deena brings a consistent, positive, upbeat attitude with an honest and straightforward approach to each and every assignment. Her skills in negotiating and her attention to detail have proven to be invaluable to all parties in a transaction. With extensive experience representing both landlords and tenants, she understands what it takes to get the transaction completed. Deena s commitment to her clients is unmatched, and she believes relationship building is key to her success, and that of her clients as well. Deena has built an extensive network of contacts through her involvement in several local and national organizations. She served as President of the Chicago Chapter of the Women's Council of Realtors and in 2012 was named their member of the year. In 2012, 2013, and 2015 she was honored by Chicago Agent Magazine as one of 50 Chicago 940 West Adams Street, Suite 200 Chicago, IL T dzimmerman@svn.com Powerhouses in their annual Who s Who issue and was the only female commercial agent chosen. In that same year, she was the recipient of the National Association of Realtors Commercial Award. In 2013, the Illinois Association of Realtors awarded her the Outstanding Service Award. EDUCATION Deena is a graduate of the 2014 class of the National Association of Realtors Leadership Academy and she earned a Bachelor s degree in Psychology from The University of Minnesota in She spends her spare time participating in races to raise funds and awareness for Pancreatic Cancer research. MEMBERSHIPS & AFFILIATIONS Women s Council of Realtors-Chicago President Mentor-Goldie Wolfe Miller Women Leaders In Real Estate Initiative 2011-present IAR-YPN 2012 Chair, current advisory board member IAR Chair, Commercial/Industrial/Investment Committee NAR-Director; Finance Committee member NAR-Reserves Investment Advisory Board,2014-present, Vice Chair NAR Leadership Academy 2014 graduate NAR Commercial Committee SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL SVN Chicago Commercial Page 14