1556 N LASALLE ST CHICAGO, IL Emanuel Grivas Advisor

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1 1556 N LASALLE ST CHICAGO, IL Emanuel Grivas Advisor egrivas@svn.com SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL OFFERING MEMORANDUM

2 Property Summary OFFERING SUMMARY Sale Price: PROPERTY OVERVIEW $2,800,000 Lot Size: 2,250 SF Building Size: 6,336 SF SVN Chicago Commercial is pleased to offer for sale, 1556 N. LaSalle Street in Chicago' s Old Town neighborhood. The Subject property is a mixed-use, 3-story masonry building constructed in The property contains a total of 6,336 square feet: one commercial suite, one office suite and two apartments. The improvements are situated on a 2,250 square foot land site. The property has had many recent updates such as the HVAC, mechanicals, electrical, roof, etc. There is also additional income from a billboard. Currently the entire building is owner occupied and will be vacant at delivery. PROPERTY HIGHLIGHTS Zoning: B3-5 Market: Chicago Same owner for over 40 years Billboard income in excess of $60,000 annually - (below market - value add opportunity when lease expires, 2019) Submarket: Old Town / Gold Coast Attractive location Newer HVAC, Electrical, Roof and More... Value Add Opportunity Price / SF: $ N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 2

3 Property Description PROPERTY OVERVIEW SVN Chicago Commercial is pleased to offer for sale, 1556 N. LaSalle Street in Chicago' s Old Town neighborhood. The Subject property is a mixed-use, 3-story masonry building constructed in The property contains a total of 6,336 square feet: one commercial suite, one office suite and two apartments. The improvements are situated on a 2,250 square foot land site. The property has had many recent updates such as the HVAC, mechanicals, electrical, roof, etc. There is also additional income from a billboard. LOCATION OVERVIEW From artsy to affluent, this historic neighborhood has been home to immigrant families, gays, hippies and young professionals alike over the years. An incredibly popular neighborhood destination, largely because of its close proximity to the lake and downtown, Old Town keeps up a lively pace day and night. Victorian-era buildings, brick alleyways and narrow, tree-lined streets are charming backdrops to a busy main strip that runs along Wells Street between North Avenue and Division Street. For entertainment, comedy takes center stage with The Second City and Zanies Comedy Club providing the laughs and the resident theater scene is stellar as well. Shopping is quite eclectic as you can pick up specialty spice blends, imported olive oils, chunks of fudge, rare wines and premium cigars all in one single spree down Wells. Family-owned restaurants are fixtures of the neighborhood and the depth of the variety runs deep: barbeque ribs, sushi, steak frites, pasta and pizza are all noteworthy. You can continue to soak up area history at one of the more seasoned taverns, though new bars and boutiques keep Old Town forever young and hip N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 3

4 Additional Photos 1556 N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 4

5 Pro Forma 1556 N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 5

6 Regional Map 1556 N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 6

7 Aerial Map 1556 N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 7

8 Demographics Map POPULATION 0.25 MILES 0.5 MILES 1 MILE Total population 5,756 21,936 68,384 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE Total households 3,824 14,118 40,584 # of persons per HH Average HH income $117,956 $129,882 $126,423 Average house value $404,404 $437,512 $551,136 * Demographic data derived from 2010 US Census 1556 N LASALLE ST CHICAGO, IL SVN Chicago Commercial Page 8

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