CHICAGO IL 320 SOUTH MICHIGAN AVENUE - CoStar...

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320 SOUTH MICHIGAN AVENUE CHICAGO IL LOOP

Transcript of CHICAGO IL 320 SOUTH MICHIGAN AVENUE - CoStar...

320 SOUTH MICHIGAN AVENUE

CHICAGOIL

LOOP

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LOCATION

West block between East Jackson Boulevard and East Van Buren Street

SPACE

Ground Floor 6,126 SF

Mezzanine 2,082 SF

Lower Level 2,145 SF

Total 10,353 SF

FRONTAGE

35 FT on South Michigan Avenue

POSSESSION

Immediate

TERM

Long term

NEIGHBORS

The Art Institute of Chicago, The Chicago Club, Seven Lions, The Gage, Congress Plaza Hotel, Blackstone Hotel, Starbucks, Acanto, Shake Shack and Chicago College of Performing Arts

COMMENTS

Flagship restaurant opportunity along South Michigan Avenue in Chicago’s East Loop

The property is located across the street from Grant Park and is in close proximity to both Millennium Park (4.5 million visitors per year) and the Art Institute of Chicago (2 million visitors per year)

Five institutions of higher education are located within a two-block radius of the property encompassing 58,000 students

Black iron infrastructure in place

Outdoor seating available

SPACE DETAILSGROUND FLOOR

MEZZANINE

LOWER LEVEL

6,126 SF

2,082 SF

2,145 SF

SOUT

H M

ICHI

GAN

AVEN

UE35

FT

AREA MAP

GRANTPARK

PARK

MILLENNIUM

PARK

PRUDENTIAL

PLAZA

AONCENTER

ARTINSTITUTE OFCHICAGO

EAST JACKSON DRIVE

EAST SOUTH WATER STREETWEST WACKER DRIVE

EVIR

D SU

BM

ULO

C HT

UOS

WEST WACKER LOWER DRIVE

AAA Insurance

Walgreens

CHICAGOCULTURALCENTER

Chase

Orchestra Hall

Pazzo’s

Tokyo Lunch

ROOSEVELTUNIVERSITY

National Louis University

The School of theArt Institute of Chicago

My Chicago

That's Our Bag

Precious Possessions

Arts & Artisans

A'gaci Fashions

Acanto

PaulineBooks & Media

Chicago Athletic Club Hotel

The Gage

Remington's

George Mitchells Artists Cafe

Sweetwater Tavern & GrillRENAISSANCEHOTELS

THE WITHOTEL

HAROLD WASHINGTONCITY COLLEGE

®

ORIENTALTHEATER

BLOCKTHIRTYSEVEN

THE HERITGAEAT MILLENNIUM

PARK

SULLIVANCENTER

PALMERHOUSEHILTON

HOTEL BURNHAM

THE CHICAGO THEATER

VIRGINHOTEL

THE JOHN MARSHALL LAW SCHOOL

Robert Morris University Campus Store

ROBERTMORRISCENTER

DEPAULUNIVERSITY

Chuck’sManufacturing

Miss Ricky’s

The Goddess and Baker

City PizzaLa Bamba

Peach & Green

EAST LAKE STREET

EAST BENTON PLACE

EAST ADAMS STREET

WEST COUCH PLACE

EAST WASHINGTON STREET

EAST JACKSON BOULEVARD

WEST ADAMS STREET

WEST MONROE STREET

WEST RANDOLPH STREET EAST RANDOLPH STREET

WEST QUINCY STREET

EAST MADISON STREET

EAST VAN BUREN STREETWEST E

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EAST RANDOLPH LOWER STREETEAST RANDOLPH SUB STREET

EAST WACKER PLACE

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Annual Ridership: 1,259,200

Annual Ridership: 2,178,273

Annual Ridership: 3,046,598

Annual Ridership: 3,246,386

Annual Ridership: 2,110,879

Annual Ridership: 2,215,179

Annual Ridership: 2,612,680

Annual Ridership: 2,459,473

Metra: Millennium Station

Annual Ridership:

3,043,560

Annual Ridership: 3,043,560

Atwood Cafe Toni Patisserie & Cafe

Flight 23

Fox’s Designer Off-Price

Designer Warehouse

Porkchop Tessori

Annual Ridership: 3,175,903

Annual Ridership: 2,098,494

Beef and Brandy

Designs by Rosa

Brando’s

Spa on State

Speakeasy

FunksBarbershop

0 0.03 0.060.015Miles

EAST LOOPCHICAGO, IL

RKF 353 North Clark Street, Suite 2050, Chicago, IL 60654 | T 312.698.8880 | F 312.276.4352 | [email protected] | www.rkf.com© 2015 RKF Group Illinois LLC All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings imposed by RKF Group Illinois LLC or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by RKF Group Illinois LLC with respect to future events, and these future events may or may not actually occur. Such estimates and projections reflect various assumptions concerning anticipated results. While RKF Group Illinois LLC believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.

LEGENDRETAIL

BAR/RESTAURANTOTHERHOTEL

COMING SOON

CTA ‘L’ STOP

320 SOUTH MICHIGAN AVENUE

COMING SOON

AREA PHOTOS

353 NORTH CLARK STREET SUITE 2050 CHICAGO, IL 60654312.698.8880 [email protected] RKF.COM

© 2016 RKF GROUP ILLINOIS LLC All information is from sources believed reliable, not independently verified, and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All information, estimates and projections subject to change, market assump-tions, unknown facts and conditions, and future potentialities. RKF makes no express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections.

All renderings presented are conceptual.

The Art Institute of

Chicago

CONTACT AGENTSROSS MODJESKA312.416.5574 [email protected]

STEVE SCHWARTZ312.698.7882 [email protected]

ESTIMATED DAYTIME POPULATION

1/4 mile 27,691

1/2 mile 167,773

3/4 mile 371,727

1 mile 499,564

AVERAGE HOUSEHOLD INCOME

1/4 mile $136,611

1/2 mile $109,639

3/4 mile $116,843

1 mile $131,382

TOTAL HOUSEHOLDS

1/4 mile 603

1/2 mile 4,623

3/4 mile 16,078

1 mile 29,352

2014 numbers

320 SOUTH MICHIGAN AVENUECHICAGO IL

AREA DEMOGRAPHICS

320 SOUTH MICHIGAN AVENUE