5129 w diversey ave · 2020. 9. 2. · 5129 w diversey ave offering memorandum presented by:...

KW COMMERCIAL45 S. Park, Suite 300Glen Ellyn, IL 60137 CJ MCCANN

Broker0: 630.984.4701C: [email protected]

5129 W Diversey Ave

OFFERING MEMORANDUM

PRESENTED BY:

CHICAGO, IL

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

45 S. Park, Suite 300

Glen Ellyn, IL 60137

Confidentiality & Disclaimer

CJ MCCANNBroker0: 630.984.4701C: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay 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 ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

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 andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes 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 orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Glen Ellyn in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

CHICAGO, IL

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION5129 W DIVERSEY AVE

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $331,300

LOT SIZE: 0.142 Acres

YEAR BUILT: 1961

BUILDING SIZE: 3,600 SF

ZONING: B1-1

MARKET: Chicago

SUBMARKET: Northwest City

TRAFFIC COUNT: 20,372

PRICE / SF: $92.03

PROPERTY OVERVIEWBuilding & established Auto Glass business for sale in high trafIc area. Desirablelocation off of Diversey, building can be used as an automotive or repair/detailshop. 18 parking spaces, equipment and inventory included! Roof is approximately10 years old. Opportunity to rent out one separate ofIce. Owned by one person forthe last 17 years, building has been maintained in good condition. Owner isretiring.

PROPERTY HIGHLIGHTS• High trafIc location

• Business & Real Estate Included

• Auto Use

Executive Summary

5129 W DIVERSEY AVE 1 | PROPERTY INFORMATION


SALE PRICE $331,300

LOCATION INFORMATION

Street Address 5129 W Diversey Ave

City, State, Zip Chicago, IL 60639

County/Township Cook/Jefferson

Market Chicago

Submarket Northwest City

Cross Streets W Diversey / N Laramie

Side Of Street South

Signal Intersection Yes

Road Type Paved

Market Type Large

Nearest Highway I-90, I-94

Nearest Airport O'Hare International Airport

BUILDING INFORMATION

Building Size 3,600 SF

Price / SF $92.03

Year Built 1961

Occupancy % 100%

Tenancy Single

Number Of Floors 1

Average Floor Size 3,600 SF

Load Factor Yes

PROPERTY DETAILS

Property Type Retail

Property Subtype Street Retail

Zoning B1-1

Lot Size 0.142 Acres

APN# 13-28-400-038-0000

Submarket Northwest City

Lot Frontage 25

Lot Depth 124

TrafIc Count 20,372

TrafIc Count Street Diversey / Leclaire

TrafIc Count Frontage 25

PARKING & TRANSPORTATION

Street Parking Yes

Parking Type Surface

Parking Ratio 5.0

Number Of Spaces 18

Property Details



Additional Photos


LOCATION INFORMATION

2 | LOCATION INFORMATION

LOCATION MAPS

RETAILER MAP

2LOCATION INFORMATION5129 W DIVERSEY AVE

OFFERING MEMORANDUM


Location Maps

5129 W DIVERSEY AVE 2 | LOCATION INFORMATION


Retailer Map

5129 W DIVERSEY AVE 2 | LOCATION INFORMATION

SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

3SALE COMPARABLES5129 W DIVERSEY AVE

OFFERING MEMORANDUM


Subject Property

5129 W Diversey Ave | Chicago, IL 60639

$331,300Sale Price: 0.142 AcresLot Size:

1961Year Built: 3,600 SFBuilding SF:

$92.03Price PSF:

Building & established Auto Glass business for sale in high traf(c area. Desirable location off of Diversey, building can be used as an automotive or repair/detail shop. 18 parking spaces, equipment and inventoryincluded! Roof is approximately 10 years old. Opportunity to rent out one separate of(ce. Owned by one person for the last 17 years, building has been maintained in good condition. Owner is retiring.

1 Star Retail Auto Repair

1

3942 W Belmont Ave

Chicago, IL 60618

$2,362,000Sale Price: 0.48 AcresLot Size:


$295.25Price PSF: 02/11/2020Closed:

100%Occupancy:

1


2

4856-4876 W North Ave

Chicago, IL 60639

$1,250,000Sale Price: 0.66 AcresLot Size:



100%Occupancy:

2


3

6002 W Diversey Ave

Chicago, IL 60639


2,500 SFBuilding SF: $260.00Price PSF:

08/31/2018Closed: 100%Occupancy:

3

Sale Comps

5129 W DIVERSEY AVE 3 | SALE COMPARABLES



4

5900-5912 W Grand Ave

Chicago, IL 60639




100%Occupancy:

4


5

3814 W Armitage Ave

Chicago, IL 60647




100%Occupancy:

5

Sale Comps



1

2

3

4

5

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF

5129 W Diversey AveChicago, IL 60639

$331,300 3,600 SF $92.03

SALE COMPS PRICE BLDG SF PRICE/SF CLOSE

3942 W Belmont Ave

Chicago, IL60618

$2,362,000 8,000 SF $295.25 02/11/2020

4856-4876 W North Ave

Chicago, IL60639

$1,250,000 28,766 SF $43.45 09/26/2019

6002 W Diversey Ave

Chicago, IL60639

$650,000 2,500 SF $260.00 08/31/2018

5900-5912 W Grand Ave

Chicago, IL60639

$609,000 4,183 SF $145.59 08/17/2018

3814 W Armitage Ave

Chicago, IL60647

$205,000 3,990 SF $51.38 04/04/2018

PRICE BLDG SF PRICE/SF CLOSE

Totals/Averages $1,015,200 9,488 SF $107.00

Sale Comps Summary



5129 W Diversey Ave | Chicago, IL 60639SUBJECT PROPERTY

1Chicago, IL60618

3942 W BELMONT AVE 2Chicago, IL60639

4856-4876 W NORTH AVE

3Chicago, IL60639

6002 W DIVERSEY AVE 4Chicago, IL60639

5900-5912 W GRAND AVE

5Chicago, IL60647

3814 W ARMITAGE AVE

Sale Comps Map


DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS5129 W DIVERSEY AVE

OFFERING MEMORANDUM


POPULATION 0.25 MILES 0.5 MILES 1 MILE

Total population 5,186 20,545 70,674

Median age 31.0 31.5 30.7

Median age (male) 29.9 30.7 30.2

Median age (Female) 30.7 31.0 30.9

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

Total households 1,419 5,734 20,429

# of persons per HH 3.7 3.6 3.5

Average HH income $54,721 $54,718 $52,377

Average house value $314,826 $312,602 $327,139

* Demographic data derived from 2010 US Census

Demographics Map

5129 W DIVERSEY AVE 4 | DEMOGRAPHICS

5129 w diversey ave · 2020. 9. 2. · 5129 w diversey ave offering memorandum presented by:...

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