WICKER PARK FITNESS SPACE FOR SUBLEASE...SVN | CHICAGO COMMERCIAL |940 WEST ADAMS STREET, SUITE 200,...
Transcript of WICKER PARK FITNESS SPACE FOR SUBLEASE...SVN | CHICAGO COMMERCIAL |940 WEST ADAMS STREET, SUITE 200,...
SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 LEASE BROCHURE
WICKER PARKFITNESS SPACEFOR SUBLEASE1452 N. MILWAUKEE AVE.CHICAGO, IL 60622
Jacob StromSenior [email protected]
Wayne CaplanSenior Vice [email protected]
OFFERING SUMMARY
Available SF: 2,340 SF
Lease Rate: $28.50 PSF (NNN)
Building Size: 2,340 SF
Zoning: B3-2
Market: Chicago
Submarket: Bucktown / Wicker Park
Exceptional location in Chicago's Wicker Park neighborhood. +/- 2,340 square feet available for sublease located onMilwaukee Ave in the heart of the area's thriving retail corridor. Second generation fitness space that is ready to goincludes bathrooms, HVAC & electrical distribution, lighting, flooring, etc. Great area co-tenancy with many national andregional retail and restaurant tenants within the immediate area, including Walgreens, Starbucks, Big Star, La Colombe,Steve Madden, & Bongo Room to name a few. Close to Damen Blue Line CTA 'el' stop. There is approx. 3 years left on thecurrent lease with potential for additional lease term beyond that. Available immediately.
PROPERTY OVERVIEW
The intersection of Milwaukee/Damen/North Ave's in Chicago's Bucktown neighborhood is one of the two or three mostsought after neighborhoods in Chicago for retailers and restauranteurs alike. Incredible density, vehicular and pedestriantraffic counts. Steps to Blue Line Damen el stop and within seconds of just about every national, regional and local shop.Highlights of immediate area tenants include Goddess and Grocer, Starbucks, Big Star, Le Colombe, David's Tea,Walgreens, and dozens of others. High income immediate area demographics of over $120,000/yr with average areahome prices approaching $675,000.
LOCATION OVERVIEW
Property Summary
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LEASE HIGHLIGHTS
• +/- 2340 SF for sublease in Wicker Park
• Prime Milwaukee Ave location
• Second generation gym/fitness studio
• Fully built out space including bathrooms, HVAC, lighting, flooring, etc
• Approx. 3 years left on existing lease term w/ possibility for additional term
• Available immediately
Property Highlights
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Location Maps
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Area Retailer Map
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LEASE RATE: - TOTAL SPACE: 2,340 SF
LEASE TYPE: NNN LEASE TERM: -
SPACE SPACE USE LEASE RATE LEASE TYPE SIZE TERM COMMENTS
1452 N. Milwaukee Ave, Chicago, IL 60622 Retail Condo $28.50 SF/yr NNN 2,340 SF Negotiable
Available Spaces
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Floor Plan
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Exterior Photos
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Interior Photos
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POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 19,454 66,412 130,629
Median age 31.2 30.9 31.0
Median age (male) 32.5 31.5 31.5
Median age (Female) 30.0 30.4 30.7
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 9,158 31,034 58,288
# of persons per HH 2.1 2.1 2.2
Average HH income $111,633 $101,081 $96,637
Average house value $633,165 $593,657 $551,734
* Demographic data derived from 2010 US Census
Demographics Map
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0.5 MILES 1 MILE 1.5 MILES
Total population 19,454 66,412 130,629
Median age 31.2 30.9 31.0
Median age (male) 32.5 31.5 31.5
Median age (female) 30.0 30.4 30.7
Total households 9,158 31,034 58,288
Total persons per HH 2.1 2.1 2.2
Average HH income $111,633 $101,081 $96,637
Average house value $633,165 $593,657 $551,734
* Demographic data derived from 2010 US Census
Demographics Report
940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1869C [email protected]
PROFESSIONAL BACKGROUND
Jake Strom serves as a senior advisor at SVN | Chicago Commercial specializing in retail leasing. Jake has experience inall aspects of retail commercial brokerage including: leasing, sales, tenant representation, landlord representation,marketing, and site selection.
His primary focus is retail tenant representation, where he has over a decade of experience working with nationalretailers, both corporate and franchise, expanding throughout the state of Illinois. He currently works as the exclusiveagent for Great Clips, in the Chicago DMA, along with Wingstop, The Cash Store, and others.
When he is not scouring the Chicago area for real estate, his passion is helping others and volunteering. He currentlysits on the Board of Directors for KEEN Chicago (www.keenchicago.org) where he has volunteered since 2009. He alsovolunteers regularly with the Chicago Help Initiative and the Revive Center for Housing and Healing. In addition to beinga real estate broker, Jake works hard to be an overall broker of good.
Jake is a graduate of the University of Iowa and an active member of the International Council of Shopping Centers.
JACOB STROM
Senior Advisor
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Advisor Bio & Contact 1
940 West Adams Street, Suite 200Chicago, IL 60607T [email protected]
PROFESSIONAL BACKGROUND
Wayne Caplan is a Senior Vice President for SVN | Chicago Commercial, specializing in the sale and leasing of retail, investment and development properties. He has participated in
commercial property transactions in excess of $500 million including many high profile transactions in the Chicago area. Wayne recently achieved SVN's prestigious Partner's Circle
status for both 2014 & 2016, and was ranked number 23 & 26 respectively, among all SVN advisors nationally in gross commission volume. He also was awarded both a Platinium
and Gold Commercial Real Estate Award from the Chicago Association of Realtors for excellence in sales and leasing volume for 2014 and a Platinum award in 2016 for retail sales
volume.
Wayne’s clients range from small individual investors to large regional and national lending institutions, as well as REITs, life insurance companies, and national mixed-use
developers. Additional Awards and Recognitions include being named Rookie of the Year for Inland Real Estate Sales in 2000, a top producer at Sheldon Good & Company for six
years, and being among the top ten percent nationally of all 1800+ SVN advisors in gross commission volume for the past nine years. Active in advocacy for the commercial real
estate industry, Wayne has served as the Council Chair of Political and Regulatory Affairs for SVN. Wayne is a longtime member of the International Council of Shopping Centers
(ICSC). He also served for many years on the Chicago Association of Realtors (CAR) “Commercial Forum” committee, of which he was the 2006 Committee Chair and has served on
the prestigious Board of Directors of the 11,000+ member organization from 2008 - 2013. Wayne has also served on the Commercial Committee for the Illinois Association of
Realtors (IAR) and has served as a member of the National Association of Realtors (NAR) board of directors and on both it’s Commercial and Commercial Legislative & Regulatory
Committees. Wayne currently serves on the ICSC Government Relations Committee for Illinois. He is also active in several Chicago neighborhood groups, and serves on the Board of
Directors for The Near South Planning Board in Chicago, and Beth Hillel Congregation Bnai Emunah in Wilmette. Wayne is a contributor to charities such as the American Red Cross,
The Jewish United Fund and Streetwise. Wayne lives in Glenview, IL with his wife and two sons.
Specialties: Investment Sales, Landlord Representation, Land and Development Consulting
EDUCATION
2003 - MBA - Finance & Real Estate - Northwestern University, Kellogg Graduate School of Management
1988 - BA - Computer Science - New York University
MEMBERSHIPS & AFFILIATIONS
2000 - Present - Member - International Council of Shopping Centers (ICSC)
2002 - Present - Member - National Association of Realtors (NAR)
2002 - Present - Member - Illinois Association of Realtors (IAR)
2002 - Present - Member - Chicago Association of Realtors (CAR)
1986 - Present - Member - Psi Upsilon Fraternity - Delta Chapter - New York University
Member - Beth Hillel Congregation Bnai Emunah - Wilmette, IL
Member - Board of Directors - The Near South Planning Board, Chicago, IL
WAYNE CAPLAN
Senior Vice President
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Advisor Bio & Contact 2