Offering Preview. Presented By: Cushman & Wakefield Retail Investment Advisors

Transcription

1 West Maple Presented By: Retail Investment Advisors

2 16 West Maple Investment Overview has been retained as the exclusive agent to present for sale the fee simple interest in 16 W Maple Street, Chicago, IL. This offering entails a three story, four level, stone and masonry constructed building totaling approximately 8,027 square feet of space on a parcel with 25 feet of frontage and feet of depth. The asset is currently vacant and ready for a new tenant or redevelopment. This rarely available, architecturally relevant asset is located within a leafy enclave near the vibrant epicenter of Chicago s Gold Coast neighborhood. The immediate vicinity boasts thriving restaurants like Gibson s, Hugo s, Carmine s, Maple & Ash and Tavern on Rush, as well as flagship retail stores such as Urban Outfitters, Warby Parker, Vans, Shinola, Frye and Barney s New York. The collection of crowded upscale dining establishments and exclusive luxury retail brands along the surrounding streets affirm the Gold Coast as Chicago s premier destination for the high-street lifestyle. Investment Highlights +/- 25 feet of frontage on Maple Street Severely supply constrained sub-market Significantly below replacement cost Highly desirable DX-7 zoning Key Metrics 16 West Maple Street, Chicago, IL ADDRSS Gold Coast NIGHBORHOOD 3-story 8,027 SF XISTING IMPROVMNTS 2,638 SF SIT SIZ (RCTANGULAR PARCL) DX-7 ZONING 2

3 16 West Maple SOLDIR FILD GRANT PARK DOWNTOWN CHICAGO RIVR WST MILLNNIUM PARK GOOS ISLAND Monroe Harbor Lake Michigan NAVY PIR GOLD COAST LINCOLN PARK Oak Street Beach Offering Overview xisting Site Summary Address: 16 West Maple Street, Chicago, IL Location: The subject property is located along the north side of Maple Street, just west of State/Rush Streets Lot Dimensions: Approx 25' x 105.5' Lot Size: 2,638 SF (+/ acres) Frontage: Maple Street: 25' Zoning: DX-7 Improvements: One- and part three-story above finished garden level commercial building; Brick/block construction Building Size: +/- 8,027 SF Occupancy: 0% (vacant) Previous Use: The property was most recently home to Italian restaurant, Merlo on Maple Demographics 0.25 MIL 0.5 MIL 1 MILS Total Population 15,269 38,773 86,075 Total Households 1,798 25,525 55,197 Average Household Income $131,116 $141,435 $145, WALK SCOR Walkers Paradise Accessibility Scores 92 TRANSIT SCOR World-class public transportation 82 BIK SCOR Very Bikeable 3

4 MICHIGAN AVNU STAT STRT DARBORN STRT NW RSIDNTIAL 16 TOWR West Maple LM STRT STAT STRT LAK SHOR DRIV Coming Soon CDAR STRT RUSH STRT BLLVU AVNU Z OAK STRT Demographics Gold Coast 11,516 IS TH TOTAL POPULATION WITHIN A.25 MIL RADIUS DIOR & VRSAC Coming Soon 27,265 TOTAL HOTL KYS IN A.25 MIL RADIUS Z $134,057 AVRAG HOUSHOLD INCOM WITHIN.25 MIL RADIUS 4 1, Shops

5 West Maple Michael Marks Managing Director van Halkias Managing Director David Matheis Associate Director George M. Ghattas Senior Director Copyright All rights reserved.