offering memorandum 1517-1523 n ashland ave wicker park · wicker park, with exposure to more than...
TRANSCRIPT
1OFFERING
Presented by:
ZACH [email protected]
NICHOLAS SCHAEFERVice [email protected]
1517-1523 N ASHLAND AVEWICKER PARK
OFFERING MEMORANDUM
2 3SUMMARY
1517 - 1523 N Ashland AveAs exclusive listing broker, Cawley Chicago presents for sale 1517-23 N Ashland Ave. These three (3) ground floor retail/office condos provide more than 75’ of prime frontage along busy Ashland Ave in Wicker Park, with exposure to more than 35,000 vehicles per day. With the ability to purchase each 1,500 SF unit individually or combine all three units for a combined footprint of 4,500 SF, these units offer
endless potential for many types of buyers.
Located in Chicago’s Wicker Park neighborhood, 1517-23 is steps away from the Wicker Parks hub of award winning restaurants, long standing bars, and national & boutique retail stores. It’s close proximity to public transportation and Kennedy Expressway, make it easily accessible from around the city. 1517-23 is at the doorsteps of the new 99-room Hyatt Place Hotel at the corner of Ashland & North and minutes from the new 70-acre riverfront Lincoln Yards development to the east, all of which will be connected by the extension of the Bloomingdale (606) trail to the north.
With C1 zoning, these units offer numerous business possibilities in an area that is rapidly changing with development. 1517-23 is perfectly positioned for an owner/user or investor.
1523 1521 1517
4 5OFFERING
Property SpecsProperty: 1517 - 1523 North Ashland Avenue Total Building: 24,000 SFZoning: C1-3Ward: 2, Alderman Brian HopkinsTotal Available: 4,500 SF2017 Total Taxes: $30,801.19Matterport Tour: https://my.matterport.com/show/?m=doh1GLRpMgPFrontage: 75’ on North Ashland Ave
Features � Desirable Wicker Park Location � Great Visibility on Ashland: 18,700 Vehicles Per Day � Close Proximity to Wicker Park & Bucktown Shops & Restaurants � Immediate Access to Kennedy Expressway � Short distance to Blue Line & Bloomingdale Trail � New Hotel Development at Corner of North & Ashland � Ability to combine all 3 units into one (1) 4,500 SF retail/office condo � Strong Demographics � Average Vehicles Per Day: 35,000 VPD
Available Address PIN Condo SF 2017 Taxes Asking Price
1517 N Ashland 17-05-100-069-0000 1,500 SF $11,174.23 $412,500
1521 N Ashland 17-05-100-067-0000 1,500 SF $11,174.23 $412,500
1523 N Ashland 17-05-100-064-0000 1,500 SF $8,452.73 $412,500
OfferingA
1517
1521
1523
35k VPD
75’ FRONTAGE
6 7PROPERTY ANALYSIS
Property Survey
FRONT ROOM
N >
75’ Frontage
N. Ashland Ave
8 9LOCATION ANALYSIS
TRANSPORTATIONBus:Ashland 9North Ave 72Damen 50 (0.7)
Train:Division Blue Line (0.4 miles)Damen Blue Line (0.7 Miles)Clybourn Metra (0.5 Miles)
Divvy:Ashland & DivisionAshland & BlackhawkWood & MilwaukeeDivision & PaulinaDamen & PierceDivision & Honore
RESTAURANTS (to name a few)Mott StSchwaHollywood GrillToccoAntique TacoBig & LittlesNative FoodsJeni’s Ice CreamBongo RoomBig StarDove’s LuncheonetteViolet HourEttaPiece Brewery
Coffee Shops:StarbucksDunkin DonutsLa ColombeThe Wormhole
Grocery Stores:Jewel OscoMarianosCarincerias GuanajuatoWhole FoodsLocal Foods
Wicker ParkOne of Chicago’s creative epicenters lies just outside downtown Chicago in Wicker Park and Bucktown. These synonymous neighborhoods are famous for live music and nightlife, chef-driven restaurants and countless art galleries — many housed within the Flat Iron Arts Building. If you have an acute knowledge of craft cocktails or an affinity for coffee, plus want to sift through records or thrifted threads, there’s no better area to sip and shop in the country.The area has become a prevailing influence on Chicago’s Michelin-rated, James Beard Award-win-ning dining scene, boasting some of the city’s most sought after tables. Wicker Park and Buck-town are also known for their palate pleasing nightcaps, like renowned brewery Piece and mix-ology tour de force The Violet Hour.Along North, Division, Milwaukee and Damen Ave-nues, you will find an unbelievable blend of vin-tage shops amid independently-owned boutiques touting fashions for both men and women, and luxury home goods and beauty products. On the same blocks are nationally-recognized names in fashion, and a mix of major retail chains that have also set up shop to satisfy the on-trend crowds.
Neighborhood & Location Summary
35,000 VPD@ Ashland & Pierce
10 11DEMOGRAPHIC SUMMARY
Ring of 0.5 miles
DEMOGRAPHIC SUMMARY
1517 N Ashland Ave, Chicago, Illinois, 60622
INCOME
$88,384Median Household
Income
$64,415Per Capita Income
$47,560Median Net Worth
KEY FACTS
14,269Population
32.3
Median Age
7,060Households
$66,147Median Disposable Income
1,2008004000
HOUSEHOLD INCOME
200000+
150000-199999
100000-149999
75000-99999
50000-74999
35000-49999
25000-34999
15000-24999
0-14999
EDUCATION
5%
No HighSchool
Diploma 6%High School
Graduate
14%Some College 74%
Bachelor's/Grad/ProfDegree
EMPLOYMENT
83%White Collar
7%Blue Collar
10%Services
2.8%
UnemploymentRate
DEMOGRAPHIC SUMMARY
1517-1523 N Ashland Ave, Chicago, Illinois 60622
12
Presented by:
Zach [email protected]
Nicholas SchaeferVice [email protected]
CHICAGO
770 N Halsted St, Suite 206Chicago, IL 60642
HEADQUARTERS
One Lincoln Centre, Suite 120Oakbrook Terrace, IL 60181