rarely available lincoln square building for · cap: 8.16% noi: $310,080 1 4740 n lincoln chicago,...

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM

RARELYAVAILABLELINCOLN SQUAREBUILDING FORSALE4732 N LINCOLN AVECHICAGO, IL 60625

Tim Rasmussen, CCIMAssistant Vice [email protected]

Marcus SullivanAssistant Vice [email protected]

Shane SackettAssociate [email protected]

PROPERTY INFORMATION 3Property DescriptionComplete HighlightsFloor Plans

LOCATION INFORMATION 7Retailer MapLocation MapsAdditional Photos

SALE COMPARABLES 11Sale CompsSale Comps SummarySale Comps Map

DEMOGRAPHICS 16Demographics ReportDemographics MapBack Page

OFFERING MEMORANDUM| 4732 N LINCOLN AVE, CHICAGO, IL 60625

1 PROPERTYINFORMATION

4732 N Lincoln AveChicago, IL 60625

4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial |

4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | All SVN® offices are independently owned and operated.

The subject property is a two-story building containing approximately 10,400 square feetof space, plus a fully improved basement. The land area is 5,896 square feet and theproperty is zoned B1-1. Current uses include office tenants on the second floor and therecently closed Chicago BrauHaus Restaurant on the first floor and basement. The 100year-old building is very well maintained featuring a beautiful brick and terra cotta facadethat is complimentary to the handsome collection of buildings located in the heart of the"Square".

PROPERTY OVERVIEW

Lincoln Square is one of Chicago's most sought after neighborhoods for residents, retailersand restaurants alike. Exemplarizing the new urbanism characteristics of thisneighborhood, are a great collection of area demand generating co-tenants like The OldTown School of Folk Music, Davis Theater, Gene’s Sausage Shop, and the Lincoln SquareAthletic Club.

The subject property is ideally located at the epicenter of Lincoln Square and is directlyacross from Gidding's Plaza, an extremely popular public plaza featuring regularlyprogrammed entertainment throughout the year. The property is only steps away from theCTA Brown Line station, with its’ 1.3 million annual riders and two large public surfaceparking lots are adjacent to the property. Rounding out this well-defined retail corridor isan ideal mix of national and local retailers and restaurants.

Trade area demographics are very strong with average household incomes of $120,000and an average household net worth of $771,000. Of the adults over the age of 25, 67%hold a bachelor or graduate degree and are predominately employed in professionalmanagement, business and finance jobs.

LOCATION OVERVIEW

Property Description


SALE HIGHLIGHTS

• Dense mix of medium-to-high income, professionals and families

• $120,000 average household income

• 1 Block from the CTA’s Brown Line Western Avenue Station

• Great neighborhood demand generators like the Old Town School ofFolk Music, Davis Theater, and Lincoln Square Athletic Club

• Excellent co-tenancy with balanced mix of retail, restaurant, theaterand service uses

• Lincoln Square is a highly sought after location for retailers of allkinds

• Space is across from Gidding’s Plaza, a central focus gathering spotfor Lincoln Square residents.

• Close proximity to public parking lots

• Very strong weeknight and weekend demand generators

• Limited amount of storefront retail space available in Lincoln Square

• Large basement

Complete Highlights


Floor Plans

2 LOCATIONINFORMATION




Retailer Map


Location Maps


Additional Photos

3 SALECOMPARABLES



SUBJECT PROPERTY

4732 N Lincoln Ave, Chicago, IL 60625

$3,800,000Sale Price: 10,400 SFBuilding SF: $365.38Price PSF:

8.16%Cap: $310,080NOI:

1

4740 N LINCOLN

Chicago, IL 60625

$3,378,614Sale Price: 0.112 AcresLot Size: 1916Year Built:

9,300 SFBuilding SF: $363.29Price PSF: 09/15/2014Closed:

Part of a three property sale from Bill Platt and John Fencl. 4724 and 4728 N Lincoln were purchased by Fencland Platt on 9/15/2014 for $1,710,000. On 5/28/2015, Fencl and Platt purchased 4740 N Lincoln for $1,860,000.Then, on 9/19/2014, Platt and Fencl sold the three parcels to L3 for a total of $5,500,000

1

2

4357 N LINCOLN

4357 N Lincoln Avenue | Chicago, IL 60618

$487,500Sale Price: 1,350 SFLot Size: 1,350 SFBuilding SF:

$361.11Price PSF: 07/08/2014Closed:

2


Sale Comps

3

4724 N LINCOLN

Chicago, IL 60625

$2,121,386Sale Price: 9,762 SFLot Size: 1925Year Built:


Part of a three property sale from Bill Platt and John Fencl. 4724 and 4728 N Lincoln were purchased by Fencland Platt on 9/15/2014 for $1,710,000. On 5/28/2015, Fencl and Platt purchased 4740 N Lincoln for $1,860,000.Then, on 9/19/2014, Platt and Fencl sold the three parcels to L3 for a total of $5,500,000

3

4

4725 N WESTERN AVENUE

4725-4735 N Western Avenue | Chicago, IL 60625

$4,500,000Sale Price: 11,761 SFLot Size: 1970Year Built:


4


Sale Comps


1

2

3

4

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

4732 N Lincoln AveChicago, IL60625

$3,800,000 10,400 SF $365.38 8.16% -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

4740 N LincolnChicago, IL60625

$3,378,614 9,300 SF $363.29 - - 09/15/2014

4357 N Lincoln4357 N Lincoln AvenueChicago, IL 60618

$487,500 1,350 SF $361.11 - 1 07/08/2014

4724 N LincolnChicago, IL60625

$2,121,386 5,710 SF $371.52 - 1 09/19/2014

4725 N Western Avenue4725-4735 N Western AvenueChicago, IL 60625

$4,500,000 17,930 SF $250.98 - 4 01/02/2018

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $2,621,875 8,573 SF $305.83 - 2

Sale Comps Summary

4732 N Lincoln Ave, Chicago, IL 60625SUBJECT PROPERTY

1 Chicago, IL60625

4740 N LINCOLN2 4357 N Lincoln Avenue

Chicago, IL 60618

4357 N LINCOLN3 Chicago, IL

60625

4724 N LINCOLN4 4725-4735 N Western Avenue

Chicago, IL 60625

4725 N WESTERN AVENUE


Sale Comps Map

4DEMOGRAPHICS




0.25 MILES 0.5 MILES 1 MILE

Total population 3,634 11,362 41,312

Median age 35.9 35.7 34.8

Median age (male) 36.7 36.1 34.4

Median age (female) 35.2 35.7 35.4

Total households 1,987 8,051 29,839

Total persons per HH 2.1 2.1 2.2

Average HH income $108,156 $119,980 $112,454

Average house value $504,866 $496,153 $466,587

* Demographic data derived from 2010 US Census

Demographics Report


POPULATION 0.25 MILES 0.5 MILES 1 MILE

Total population 3,634 11,362 41,312

Median age 35.9 35.7 34.8

Median age (Male) 36.7 36.1 34.4

Median age (Female) 35.2 35.7 35.4

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

Total households 1,987 8,051 29,839

# of persons per HH 2.1 2.1 2.2

Average HH income $108,156 $119,980 $112,454

Average house value $504,866 $496,153 $466,587

* Demographic data derived from 2010 US Census

Demographics Map

rarely available lincoln square building for · cap: 8.16% noi: $310,080 1 4740 n lincoln chicago,...

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