SOUTH LOOP CORNER RETAIL/ RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 Wayne Caplan Senior Vice President 312.529.5791 wayne.caplan@svn.com Deena Zimmerman Vice President 312.756.7336 dzimmerman@svn.com SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 FOR LEASE
Property Summary OFFERING SUMMARY Available SF: Lease Rate: Property Size: Zoning: Market: Submarket: 1,823-8,040 SF $36.00 SF/yr (NNN) 280,000 SF DX-12 Chicago South Loop PROPERTY OVERVIEW SVN Chicago Commercial is pleased to present this new to market corner retail space in Chicago's incredibly hot South Loop. Dynamic corner retail space totaling approx. 8040 SF with over 140 ft of frontage on Wabash Ave, as well as an additional space of approx 1823 SF with. Ground floor of 261 new luxury residences developed by premier Chicago developer CMK Companies. The 8040 Sf corner space is divisible and is restaurant capable. Outdoor seating is possible for food users. Immediate area retailer and restaurant co-tenancy includes Chicago Firehouse, Kurah Restaurant, Giordano's, Waffles, Jewel-Osco, Starbucks, Trader Joe's, Bank of America, Walgreens, Jimmy John's, UPS Store, Eleven City Diner, Lobo Rey, Scout, Bongo Room and Go Grocer to name a few. 1 block from new 40,000 SF Rush University Medical Center. Steps to Grant Park, the CTA Roosevelt Road station, which has 2.5 million annual riders, and thousands of existing and under-construction apartments and condos. Great visibility and signage opportunities. Additional Parking available for Tenants. Indoor parking available for tenants. Available for Spring 2019 delivery LOCATION OVERVIEW Located in the South Loop in arguably the hottest area of downtown Chicago for both residential and retail growth. The property sits in the Roosevelt Road retail corridor, one of Chicago's most popular and vibrant shopping destinations, and is centrally located among thousands of South Loop residents with approx 3000 new or under construction homes within steps.1 block from the new 40,000 SF Rush University Medical Center. Close to Lake Shore Drive, Soldier Field, the Museum Campus, and walking distance from the Loop CBD. SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 2
Property Highlights LEASE HIGHLIGHTS Ground Floor of 251 unit luxury residential development 8040 & 1823 SF spaces available Over 140 ft of frontage on Wabash Ave. Restaurant capable corner space High traffic corner of 14th & Wabash Larger space divisible to 2000 SF Proximate to Soldier Field, Grant Park, Museum Campus, & CTA Roosevelt Rd station Steps to thousands of new and existing homes, and many high traffic generating retailers Great immediate area co-tenancy including Jewel, Walgreens, Starbucks, Trader Joes, Bank of America Many restaurants in immediate vicinity 1 block from new 40,000 SF Rush University Medical Center Available Spring 2019 SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 3
Area Retailer & Development Map SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 4
South Loop Retailer Map SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 5
Location Maps SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 6
Available Spaces LEASE RATE: $36.00 SF/YR TOTAL SPACE: 1,823-8,040 SF LEASE TYPE: NNN LEASE TERM: Negotiable SPACE SPACE USE LEASE RATE LEASE TYPE SIZE TERM COMMENTS 51 E. 14th St Street Retail $36.00 SF/yr NNN 8,040 SF Negotiable Corner space with exposure on both 14th St & Wabash. Restaurant capable space. Divisible to 2000 SF 1419 S. Wabash Street Retail $36.00 SF/yr NNN 1,823 SF Negotiable 1823 SF fronting Wabash Ave SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 7
Floor Plan - 51 E. 14th St SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 8
Floor Plan - 1419 S. Wabash SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 9
Demographics Map POPULATION 1 MILE 2 MILES 3 MILES Total population 28,185 101,722 255,736 Median age 34.7 35.0 35.7 Median age (Male) 34.5 34.8 35.2 Median age (Female) 35.0 35.3 36.2 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 14,793 51,131 129,091 # of persons per HH 1.9 2.0 2.0 Average HH income $100,106 $96,950 $98,786 Average house value $428,809 $410,689 $450,887 * Demographic data derived from 2010 US Census SOUTH LOOP CORNER RETAIL/RESTAURANT SPACE FOR LEASE 51 E. 14TH ST CHICAGO, IL 60605 SVN Chicago Commercial Page 10