Second Floor Space Available For Lease In Chicago's South Loop

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1 Second Floor Space Available For Lease In Chicago's South Loop SOUTH MICHIGAN AVENUE CHICAGO, IL DETAILS Available SF 8,207 SF Lease Rate $21.00 PSF NNN Building Size 34,500 SF Renovated 2017 Zoning DS-5 Market Cook County PROPERTY OVERVIEW Second floor retail/office space available for lease in Chicago's South Loop on South Michigan Avenue. The property is located at the southwest corner of East Cermak Road and South Michigan Avenue with visibility and exposure to over 20,850 VPD. The property was recently renovated in 2017 and is an ideal fit for an array of retail, office or medical office tenants. New renovations include: new sewer system, executive offices, electrical system, open floor plans, skylights and vaulted ceilings. Additionally, the property is conveniently located steps from the Cermak-McCormick "L" line as well as being less than one (1) mile from Interstate-55 and Lake Shore Drive. Nearby retailers: Mariano's, Jewel-Osco, Trader Joe's, Walgreens, Starbucks, Dunkin' Donuts & many more. Sub Market Cross Streets South Loop East Cermak Road & South Michigan Avenue PROPERTY HIGHLIGHTS Recently renovated (2017) retail/office space along South Michigan Avenue Property features easy accessibility being one (1) block from the Cermak-McCormick "L" station and is less than 1-mile from Interstate-55 and Lake Shore Drive Both retail and office space are currently raw and feature flexible interior build-outs for an array of tenants (P) (C) (P) (C) (P) (C)

2 FOR LEASE PROPERTY DESCRIPTION SOUTH LOOP DEVELOPMENTS One of the primary highlights the property offers is the rapidly growing community. Thanks to the properties proximity to the central business district, top parks, cultural attractions and schools, Chicago's South Loop has started to become one of the hottest markets for newer construction. Some of the newer developments under construction will include, eight (8) high-rise apartment buildings, two (2) hotel expansions, office buildings and even DePaul's new Wintrust Arena, just minutes away from subject offering. All of these new developments will provide additional exposure to the property but it will also create a more vibrant community. WINTRUST ARENA DePaul University's new sporting area is located at 200 East Cermak Road. The new arena is a part of the university's redevelopment plan to transform the South Loop campus and the surrounding neighborhood into a vibrant entertainment district. The building features a 10,000 person capacity, an indoor parking garage, luxury suites and two (2) VIP lounges. The arena has multiple uses ranging from men's and women's basketball games, concerts, family shows and business conventions to name a few. The arena is expected to open in Fall E S S E X O N T H E PA R K This new development is a 56-story project located at 808 South Michigan Avenue. The former parking garage is being replaced by a high rise apartment building that will include 479 high-end rental apartments, ground floor retail space and an indoor parking garage. The new skyscraper will coincide with the 14-story Essex Inn however the new structure will be rental apartments only and will contain amenities such as a restaurant, elevated bar and an indoor winter garden S O U T H M I C H I G N AV E N U E A new 47-story apartment complex has broken ground in Chicago's South Loop. The former parking lot is being redeveloped into a glassy, modernized apartment complex which is expected to hold over 500 rental units. The development will feature 7,500 square feet of ground retail space, parking garage, a dog park, rooftop pool and lounge space for residents. mtarshis@ (P) (C) arubin@ (P) (C) zpearlstein@ (P) (C)

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4 DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 29, , ,434 POPULATION DENSITY 29, , ,434 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 14, , ,257 # OF PERSONS PER HH AVERAGE HH INCOME $80,668 $82,441 $85,346 AVERAGE HOUSE VALUE $426,930 $386,693 $424,977 mtarshis@ (P) (C) arubin@ (P) (C) zpearlstein@ (P) (C)

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7 FOR LEASE ADDITIONAL PHOTOS (P) (C) (P) (C) (P) (C)