LAND PARCEL FOR SALE 1758 S WABASH AVENUE // CHICAGO, IL 0.46± ACRES FOR SALE Property Information LAND SIZE SALE PRICE 0.46± acres (20,011 SF) $4,500,000 ($225 PSF) Potential to acquire contiguous (19,409 SF) ZONING TAXES DX-5 $19,128 (2015) DESCRIPTION This parcel is located at the lighted northwest corner of Wabash Avenue and 18th Street in Chicago s South Loop neighborhood. The land measures approximately 121 along Wabash Avenue and 165 deep along 18th Street, and is currently used as a parking lot. Within a few blocks is the new Wintrust Arena, which will house the DePaul University Blue Demons basketball team. Adjacent to the arena is the McCormick Place complex. Close by is the new Green Line Cermak/ McCormick Place L stop. CONTACT Edward Pohn 312-475-3240 Office epohn@cbcworldwide.com CBCOMMERCIAL.COM Coldwell Banker Commercial 1840 N. Clark Street Chicago, Illinois 60614 into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser s intended use of the property.
MLS Sheet Land MLS #: 09619974 List Price: $4,500,000 Status:NEW List Date:05/08/2017 Orig List Price:$4,500,000 Area:8033 List Dt Rec:05/08/2017 Sold Price: Address:1758 S Wabash Ave, Chicago, Illinois 60616 Directions:Lake Shore Drive South to Roosevelt Road West to Wabash Avenue to the NWC of Wabash & 18th Street Sold by: Rental Price: Closed: Contract Date: Rental Unit: Off Market: Financing: List Mkt Time:2 Dimensions:121.28 X 165 Concessions: Ownership:Fee Simple Subdivision: Contingency: Corp Limits:Chicago Township:South Chicago County:Cook Coordinates:S:1758 E:45 # Fireplaces: Rooms: Bathrooms/ Parking: (full/half): Bedrooms: Master Bath: Garage Type: Basement: Bmt Bath:No # Spaces:0 Remarks: The subject listing is a land parcel, located at the lighted northwest corner of Wabash Avenue and 18th Street in Chicago?s South Loop neighborhood. The land measures approximately 121.28 feet along Wabash Avenue and 165 feet deep along 18th Street or approximately 20,011.20 square feet. This property is zoned DX-5 and is currently used as a parking lot. The asking price for this property is $4,500,000 or approximately $225 per square foot. Within a few blocks is the new Wintrust Arena, which will house the DePaul University Blue Demons basketball team. Adjacent to the arena is the McCormick Place complex. Close by is the new Green Line Cermak/McCormick Place?L? stop. School Data Elementary:(299) Junior High:(299) High School:(299) Other: Lot Size:.25-.49 Acre Lot Desc:Corner Land Desc: Land Amenities: Farms Type: Bldg Improvements: Current Use:Commercial Potential Use:Commercial, Office and Research, Retail, Special Use Location:Central Business District Known Liens: Seller Needs: Seller Will: Assessments Special Assessments:No Special Service Area: No Zoning Type:Commercial Actual Zoning:DX-5 Ownership Type:Individual Frontage/Access:City Street Road Surface:Dirt Rail Availability: Tenant Pays: Min Req/SF (1): Min Req/SF (2): Other Min Req SF: Lease Type: Loans: Equity: Tax Amount:$19,128.65 PIN:17223000310000 (Map) Mult PINs:(See Agent Remarks) Tax Year:2015 Tax Exmps: Miscellaneous Waterfront:No Acreage: Appx Land SF: Front Footage:121.2 # Lots Avail:2 Farm:No Bldgs on Land?:No Type of House: Style of House: Basement Details: Construction: Exterior: Air Cond: Heating: Utilities to Site:None General Info:Commuter Bus, Commuter Train Backup Package:No Backup Info: Possession:Closing Sale Terms: Agent Remarks: Contiguous and available for purchase is an additional 19,409 square feet of land with a DX-5 zoning for a potential land acquisition of 39,420 square feet. Multiple Parcels - Tax amount includes: 17223000310000/$8,155.73, 17223000320000/$10,972.92 Internet Listing:Yes Remarks on Internet?:Yes Addr on Internet?:Yes VOW AVM:No VOW Comments/Reviews:No Lock Box: Listing Type:Exclusive Right to Holds Earnest Money:Yes Special Comp Info: None Sell Coop Comp:2% - $325 (on Net Addl. Sales Info.:None Agent Notices: SP) Showing Inst:LOT IS VACANT Cont. to Show?: Expiration Date:05/08/2018 THEREFORE YOU CAN DRIVE BY THE PROPERTY Owner:Owner of Record Ph #: Agent Owned/Interest:Yes Broker:Coldwell Banker Ph #:(312) 266-7000 Residential (10115) Team: List Agent:Edward Pohn Ph #:(312) 475-3240 (110780) Email:edward.pohn@cbexchange.com Co-lister: Ph #: More Agent Contact Info: Copyright 2017 MRED LLC - The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. MLS #: 09619974 Prepared By: Edward Pohn Coldwell Banker Residential 05/09/2017 11:51 AM
South Loop The South Loop is such a dynamic mix of attractions and histories that the neighborhood tends to be seen as many different things to many different people. Consider the assorted areas that comprise the South Loop: Much of its eastern edge is encompassed by the Museum Campus, an impressive collection of cultural treasures that includes the Field Museum, Adler Planetarium and Shedd Aquarium. This campus sits on scenic lakefront parklands that are an extension of Grant Park. With 319 acres of green space and recreational fields, Grant Park is known as Chicago s front yard to locals and also plays host to major city events such as Taste of Chicago, Chicago Blues Festival and Lollapalooza. Opening in the Fall of 2017, the South Loop s new multi-purpose arena is taking shape at 2130 South Prairie Avenue, Wintrust Arena is a 10,387-seat stadium that will be home to DePaul University s men s and women s basketball teams. Wintrust Arena is part of a redevelopment plan to transform the surrounding neighborhood into a vibrant entertainment district. Jutting out further into Lake Michigan is Northerly Island, a peninsula sought out by nature lovers, while along the southern edge the sports fans know Soldier Field as the stadium for the beloved Chicago Bears football team. Meeting attendees are most familiar with McCormick Place, the largest convention center in the country, which is also in the immediate area. And yet there are even more facets to the South Loop. History buffs point out the Motor Row District along South Michigan Avenue and nearby Prairie Avenue District, the Millionaire s Row that was lined with mansions belonging to Chicago s most wealthy elite during the end of the 19th century. In the adjacent Printer s Row neighborhood, urban loft condos now fill the commercial spaces in what was formerly the center of the Midwest s publishing industry. Connections to this past are still seen within the venerable, independent book store and annual summer lit fest here. But business professionals and students have brought new life and redevelopment (though the vibe remains mellow), filling the restaurants, music clubs, smaller theaters and museums that have all established themselves in the community.
Plat Map
LAND PARCEL FOR SALE Zoning Map
Traffic Count Maps
Demographics Population 1-mi. 3-mi. 5-mi. Total Population 39,555 275,526 722,323 Group Quarters Population 1,057 13,317 33,853 Urban Population 39,555 275,526 722,323 Rural Population 0 0 0 Not defined 34,122 235,677 580,987 Adult Population 0.92 0.95 0.97 Ratio of Males to Females 20,655 141,035 366,774 Female Population 18,901 134,491 355,549 Male Population 2.97 19.14 48.83 Land Area (Square Miles) 3.7 27.8 77.7 Age 1-mi. 3-mi. 5-mi. Median Age, Total 35.92 33.69 32.45 Median Age, Male 35.58 33.57 32.27 Median Age, Female 36.27 33.82 32.65 % Age 18+ 86.26% 85.54% 80.43% % Age 21+ 83.58% 81.26% 76.19% % Age 55+ 23.42% 21.1% 18.63% % Age 65+ 12.27% 11.04% 9.49% Ethnicity 1-mi. 3-mi. 5-mi. % White 43.58% 48.41% 46.41% % Black/African American 17.85% 18.97% 25.9% % Asian 32.42% 20.36% 10.5% % Other 2.5% 8.69% 13.68% % Two or More Races 3.48% 3.15% 3.01% 5 Year Projections 1-mi. 3-mi. 5-mi. Total Population 46,879 296,642 738,427 Group Quarters Population 1,058 13,333 33,888 Adult Population 39,869 253,341 595,799 Total Households 24,872 151,357 328,578 Per Capita Income (based on Total Population) 66,898 62,750 49,501 Total Population 16+ 40,262 256,891 609,079 5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi. % White 43.32% 48.08% 46% % Black/African American 17.43% 18.04% 25.05% % Asian 32.55% 21.68% 11.58% % Other 2.5% 8.23% 13.54% % Two or More 4.05% 3.57% 3.35%
Housing and Household s 1-mi. 3-mi. 5-mi. Total Housing Units 23,829 158,693 357,891 Total Households 20,659 136,048 311,661 Owner-Occupied: Owned with a mortgage or loan 7,803 39,860 85,290 Owner-Occupied: Owned free and clear 1,459 11,925 28,298 Renter-Occupied 11,397 84,263 198,072 Aggregate Contract Rent $12,962,368 $91,731,205 $194,324,825 Average (Mean) Number of Vehicles Available 1.24 1.3 1.35 Housing Value 1-mi. 3-mi. 5-mi. Housing Value < $10,000 45 240 657 Housing Value $10,000-$14,999 74 182 489 Housing Value $15,000-$19,999 12 166 405 Housing Value $20,000-$24,999 1 83 284 Housing Value $25,000-$29,999 9 157 285 Housing Value $30,000-$34,999 34 166 367 Housing Value $35,000-$39,999 5 121 362 Housing Value $40,000-$49,999 0 196 602 Housing Value $50,000-$59,999 7 167 804 Housing Value $60,000-$69,999 11 271 910 Housing Value $70,000-$79,999 5 423 1,182 Housing Value $80,000-$89,999 13 482 1,555 Housing Value $90,000-$99,999 29 616 1,976 Housing Value $100,000-$124,999 99 1,175 4,218 Housing Value $125,000-$149,999 153 1,348 4,241 Housing Value $150,000-$174,999 271 2,121 6,376 Housing Value $175,000-$199,999 520 3,112 7,476 Housing Value $200,000-$249,999 1,066 5,702 12,457 Housing Value $250,000-$299,999 1,795 7,540 14,405 Housing Value $300,000-$399,999 1,969 9,704 18,097 Housing Value $400,000-$499,999 1,217 6,801 12,642 Housing Value $500,000-$749,999 1,114 5,925 11,901 Housing Value $750,000-$999,999 540 2,789 5,984 Housing Value $1,000,000 or more 270 2,298 5,914 Total Owner-occupied housing units (OOHU) 9,262 51,786 113,589
Income 1-mi. 3-mi. 5-mi. Per Capita Income (based on Total Population) $49,515 $45,292 $36,382 Average (Mean) Household Income $105,340 $101,296 $92,264 Median Household Income $67,922 $62,914 $54,029 Aggregate Income $2,188,585,708 $13,955,805,481 $29,201,569,274 % Households by Income 1-mi. 3-mi. 5-mi. % Household Income < $10,000 11.41% 12.07% 12.41% % Household Income $10,000-$14,999 6.35% 5.51% 6.03% % Household Income $15,000-$19,999 4.39% 4.5% 5.29% % Household Income $20,000-$24,999 3.62% 4.1% 4.98% % Household Income $25,000-$29,999 3.1% 3.51% 4.24% % Household Income $30,000-$34,999 2.8% 3.39% 4.21% % Household Income $35,000-$39,999 2.79% 3.01% 3.52% % Household Income $40,000-$44,999 3.21% 3.39% 3.63% % Household Income $45,000-$49,999 2.31% 2.96% 3.21% % Household Income $50,000-$59,999 5.52% 5.8% 6.05% % Household Income $60,000-$74,999 8.4% 8.89% 8.77% % Household Income $75,000-$99,999 11.97% 11.17% 10.24% % Household Income $100,000-$124,999 7.82% 8.35% 7.4% % Household Income $125,000-$149,999 5.72% 5.08% 4.49% % Household Income $150,000-$199,999 10.33% 7.37% 6.18% % Household Income $200,000-$249,999 4% 4.57% 3.71% % Household Income $250,000-$499,999 3.37% 3.66% 3.27% % Household Income $500,000+ 2.87% 2.67% 2.37% Education 1-mi. 3-mi. 5-mi. College undergraduate 1,988 18,473 43,872 Graduate or prof school 1,913 13,744 27,067 Employment and Occupation 1-mi. 3-mi. 5-mi. Total Civilian employed population aged 16+ 22,574 152,868 355,679 % Employment by Industry 1-mi. 3-mi. 5-mi. % Armed Forces 0.02% 0.03% 0.05% % Civilian, Employed 95.98% 94% 93.05% % Civilian, Unemployed 4% 5.97% 6.9% % Not in Labor Force 31.84% 32.07% 35.77% % Agriculture, forestery, fishing/hunting, mining 0.01% 0.08% 0.15% % Construction 0.98% 2.53% 3.31% % Manufacturing 8.9% 7.49% 8.6% % Wholesale trade 2.2% 3.04% 2.8%
% Employment by Industry (Cont d) 1-mi. 3-mi. 5-mi. % Retail trade 6.31% 6.85% 7.33% % Transportation and warehousing and utilities 2.26% 3.13% 3.65% % Information 3.34% 2.62% 2.63% % Finance and ins, real estate, rental and leasing 12.58% 12.38% 10.73% % Professional, sci, mgmt, admin and waste mgmt svcs 19.7% 20.49% 19.22% % Educational svcs, health care and social asst 22.46% 22.97% 22.91% % Arts, entertainmnt, recreation, accom. and food svcs 13.71% 11.03% 10.7% % Other svcs, except public admin 3.04% 3.79% 4.52% % Public admin 4.5% 3.61% 3.47% Transportation to Work 1-mi. 3-mi. 5-mi. Total Workers 16+ 22,574 152,868 355,679 Car, truck, or van 10,814 68,554 173,758 Public transport (not taxi) 6,524 36,705 98,980 Taxicab 289 3,090 5,078 Motorcycle 10 16 229 Bicycle 399 2,294 6,313 Walked 2,977 32,539 49,872 Other means 345 1,840 3,683 Worked at home 1,215 7,830 17,767 Consumer Expenditures 1-mi. 3-mi. 5-mi. Average Apparel $2,622.5 $2,554.99 $2,504.95 Average Education $1,934.84 $1,851.58 $1,757.69 Average Entertainment $3,770.99 $3,587.83 $3,375.7 Average Food and Beverages $7,826.05 $7,633.72 $7,443.65 Average Gifts $915.91 $885.78 $858.8 Average Health Care $4,343.02 $4,191.27 $4,028.97 Average Household Furnishings and Equipment $1,887.94 $1,833.1 $1,745.56 Average Household Operations $1,390.28 $1,292.2 $1,204.67 Average Personal Care $836.23 $801.02 $776.66 Average Personal Expenditure $1,483.15 $1,347.98 $1,253.58 Average Reading $100.58 $96.17 $93.06 Average Shelter $13,205.18 $12,763.8 $12,162.91 Average Transportation $10,575.72 $10,186.29 $9,981.88 Average Utilities $3,449.87 $3,354.13 $3,289.74
Demand by Store Type 1-mi. 3-mi. 5-mi. Motor Vehicle & Parts Dealers $76,813,831 $491,132,714 $1,101,469,073 Furniture & Home Furnishings Stores $8,625,034 $54,170,410 $117,950,366 Electronics & Appliance Stores $7,920,114 $50,552,061 $111,611,648 Building Material & Garden Equipment & Supply Dealers $20,020,332 $123,907,082 $268,288,534 Food & Beverage Stores $73,340,768 $466,548,784 $1,053,853,446 Health & Personal Care Stores $12,158,753 $76,506,665 $170,553,089 Gasoline stations $38,420,893 $245,127,057 $559,971,596 Clothing & Clothing Accessories Stores $27,623,639 $174,949,641 $392,941,406 Sporting Goods, Hobby, Book, & Music Stores $8,736,951 $55,376,950 $123,606,079 General Merchandise Stores $68,448,934 $435,518,260 $979,377,029 Miscellaneous Store Retailers $8,012,578 $50,664,310 $112,961,869 Nonstore retailers $28,302,168 $179,106,630 $397,951,099 Foodservice & Drinking Places $73,521,200 $471,538,653 $1,037,001,638 General Merchandise, Apparel and Accessories, Furniture and Other Sales $123,913,719 $786,708,239 $1,761,588,677 2016/2017 Demographics provided by Experian through Alteryx