5129 W Diversey Ave · 2020. 9. 2. · 5129 W Diversey Ave OFFERING MEMORANDUM PRESENTED BY:...
Transcript of 5129 W Diversey Ave · 2020. 9. 2. · 5129 W Diversey Ave OFFERING MEMORANDUM PRESENTED BY:...
KW COMMERCIAL45 S. Park, Suite 300Glen Ellyn, IL 60137 CJ MCCANN
Broker0: 630.984.4701C: [email protected]
5129 W Diversey Ave
OFFERING MEMORANDUM
PRESENTED BY:
CHICAGO, IL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 2
KW COMMERCIAL
45 S. Park, Suite 300
Glen Ellyn, IL 60137
Confidentiality & Disclaimer
CJ MCCANNBroker0: 630.984.4701C: [email protected]
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Glen Ellyn in compliance with all applicable fair housing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
OFFERING MEMORANDUM
PRESENTED BY:
CHICAGO, IL
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATION5129 W DIVERSEY AVE
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 4
OFFERING SUMMARY
SALE PRICE: $331,300
LOT SIZE: 0.142 Acres
YEAR BUILT: 1961
BUILDING SIZE: 3,600 SF
ZONING: B1-1
MARKET: Chicago
SUBMARKET: Northwest City
TRAFFIC COUNT: 20,372
PRICE / SF: $92.03
PROPERTY OVERVIEWBuilding & established Auto Glass business for sale in high trafIc area. Desirablelocation off of Diversey, building can be used as an automotive or repair/detailshop. 18 parking spaces, equipment and inventory included! Roof is approximately10 years old. Opportunity to rent out one separate ofIce. Owned by one person forthe last 17 years, building has been maintained in good condition. Owner isretiring.
PROPERTY HIGHLIGHTS• High trafIc location
• Business & Real Estate Included
• Auto Use
Executive Summary
5129 W DIVERSEY AVE 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 5
SALE PRICE $331,300
LOCATION INFORMATION
Street Address 5129 W Diversey Ave
City, State, Zip Chicago, IL 60639
County/Township Cook/Jefferson
Market Chicago
Submarket Northwest City
Cross Streets W Diversey / N Laramie
Side Of Street South
Signal Intersection Yes
Road Type Paved
Market Type Large
Nearest Highway I-90, I-94
Nearest Airport O'Hare International Airport
BUILDING INFORMATION
Building Size 3,600 SF
Price / SF $92.03
Year Built 1961
Occupancy % 100%
Tenancy Single
Number Of Floors 1
Average Floor Size 3,600 SF
Load Factor Yes
PROPERTY DETAILS
Property Type Retail
Property Subtype Street Retail
Zoning B1-1
Lot Size 0.142 Acres
APN# 13-28-400-038-0000
Submarket Northwest City
Lot Frontage 25
Lot Depth 124
TrafIc Count 20,372
TrafIc Count Street Diversey / Leclaire
TrafIc Count Frontage 25
PARKING & TRANSPORTATION
Street Parking Yes
Parking Type Surface
Parking Ratio 5.0
Number Of Spaces 18
Property Details
5129 W DIVERSEY AVE 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
Additional Photos
5129 W DIVERSEY AVE 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 7
5129 W DIVERSEY AVE 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
LOCATION MAPS
RETAILER MAP
2LOCATION INFORMATION5129 W DIVERSEY AVE
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 9
Location Maps
5129 W DIVERSEY AVE 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 10
Retailer Map
5129 W DIVERSEY AVE 2 | LOCATION INFORMATION
SALE COMPARABLES
3 | SALE COMPARABLES
SALE COMPS
SALE COMPS SUMMARY
SALE COMPS MAP
3SALE COMPARABLES5129 W DIVERSEY AVE
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 12
Subject Property
5129 W Diversey Ave | Chicago, IL 60639
$331,300Sale Price: 0.142 AcresLot Size:
1961Year Built: 3,600 SFBuilding SF:
$92.03Price PSF:
Building & established Auto Glass business for sale in high traf(c area. Desirable location off of Diversey, building can be used as an automotive or repair/detail shop. 18 parking spaces, equipment and inventoryincluded! Roof is approximately 10 years old. Opportunity to rent out one separate of(ce. Owned by one person for the last 17 years, building has been maintained in good condition. Owner is retiring.
1 Star Retail Auto Repair
1
3942 W Belmont Ave
Chicago, IL 60618
$2,362,000Sale Price: 0.48 AcresLot Size:
1931Year Built: 8,000 SFBuilding SF:
$295.25Price PSF: 02/11/2020Closed:
100%Occupancy:
1
3 Star Retail Auto Repair
2
4856-4876 W North Ave
Chicago, IL 60639
$1,250,000Sale Price: 0.66 AcresLot Size:
1899Year Built: 28,766 SFBuilding SF:
$43.45Price PSF: 09/26/2019Closed:
100%Occupancy:
2
2 Star Retail Auto Repair
3
6002 W Diversey Ave
Chicago, IL 60639
$650,000Sale Price: 0.33 AcresLot Size:
2,500 SFBuilding SF: $260.00Price PSF:
08/31/2018Closed: 100%Occupancy:
3
Sale Comps
5129 W DIVERSEY AVE 3 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 13
2 Star Retail Auto Repair
4
5900-5912 W Grand Ave
Chicago, IL 60639
$609,000Sale Price: 0.48 AcresLot Size:
1958Year Built: 4,183 SFBuilding SF:
$145.59Price PSF: 08/17/2018Closed:
100%Occupancy:
4
2 Star Retail Auto Repair
5
3814 W Armitage Ave
Chicago, IL 60647
$205,000Sale Price: 0.07 AcresLot Size:
1918Year Built: 3,990 SFBuilding SF:
$51.38Price PSF: 04/04/2018Closed:
100%Occupancy:
5
Sale Comps
5129 W DIVERSEY AVE 3 | SALE COMPARABLES
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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF
5129 W Diversey AveChicago, IL 60639
$331,300 3,600 SF $92.03
SALE COMPS PRICE BLDG SF PRICE/SF CLOSE
3942 W Belmont Ave
Chicago, IL60618
$2,362,000 8,000 SF $295.25 02/11/2020
4856-4876 W North Ave
Chicago, IL60639
$1,250,000 28,766 SF $43.45 09/26/2019
6002 W Diversey Ave
Chicago, IL60639
$650,000 2,500 SF $260.00 08/31/2018
5900-5912 W Grand Ave
Chicago, IL60639
$609,000 4,183 SF $145.59 08/17/2018
3814 W Armitage Ave
Chicago, IL60647
$205,000 3,990 SF $51.38 04/04/2018
PRICE BLDG SF PRICE/SF CLOSE
Totals/Averages $1,015,200 9,488 SF $107.00
Sale Comps Summary
5129 W DIVERSEY AVE 3 | SALE COMPARABLES
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5129 W Diversey Ave | Chicago, IL 60639SUBJECT PROPERTY
1Chicago, IL60618
3942 W BELMONT AVE 2Chicago, IL60639
4856-4876 W NORTH AVE
3Chicago, IL60639
6002 W DIVERSEY AVE 4Chicago, IL60639
5900-5912 W GRAND AVE
5Chicago, IL60647
3814 W ARMITAGE AVE
Sale Comps Map
5129 W DIVERSEY AVE 3 | SALE COMPARABLES
DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICS5129 W DIVERSEY AVE
OFFERING MEMORANDUM
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POPULATION 0.25 MILES 0.5 MILES 1 MILE
Total population 5,186 20,545 70,674
Median age 31.0 31.5 30.7
Median age (male) 29.9 30.7 30.2
Median age (Female) 30.7 31.0 30.9
HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE
Total households 1,419 5,734 20,429
# of persons per HH 3.7 3.6 3.5
Average HH income $54,721 $54,718 $52,377
Average house value $314,826 $312,602 $327,139
* Demographic data derived from 2010 US Census
Demographics Map
5129 W DIVERSEY AVE 4 | DEMOGRAPHICS