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SVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607 OFFERING MEMORANDUM
910 W. RANDOLPHSTREET910 W. RANDOLPH STREETCHICAGO, IL 60607
Angelo LabriolaVice [email protected]
Paul CawthonVice [email protected]
Scott R. MaeselManaging [email protected]
OFFERING MEMORANDUMSVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607
PROPERTY INFORMATION 3Executive SummaryComplete HighlightsProperty DescriptionProperty DetailsFloor PlansFloor PlansFloor PlansAdditional PhotosAdditional Photos
LOCATION INFORMATION 13Regional MapLocation Maps
ADVISOR BIOS 16Cawthon BioLabriola Bio
910 W. Randolph Street | Chicago, IL 60607
910 W. RANDOLPH STREETFOR SALE | RETAIL
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 PROPERTY INFORMATION11 PROPERTY
INFORMATION910 W. Randolph Street
Chicago, IL 60607
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 3
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $2,490,000
Lot Size: 0.04 Acres
Year Built: 1877
Building Size: 4,626
Renovated: 2005
Zoning: C1-1
Market: Chicago
Submarket: West Loop
Unique three-story structure in the heart of West Loop's Restaurant Row. Subject property is situated two doors downfrom Rick Bayless' Leña Brava, and in front of the largest development piece left in the market. The property wascompletely rehabbed in 2005 with all new electrical, plumbing, & structural components for a high-end audio experience.Multiple levels, flex-core inserts, and more make this a truly unique piece on West Loop Randolph Street.
PROPERPROPERTTY OY OVERVERVIEWVIEW
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Complete Rehab 2005
• Randolph Street Exposure
• Two Doors Down from New Bayless Restaurant
• In Front of Last Large Development Piece
• Steps from the CTA Pink Line
• Easy Access to I-90/94
• Just a block From Google & McDonald's Corporate HQ
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 4
Executive Summary
SSALE HIGHLIGHTSALE HIGHLIGHTS
• Complete Rehab 2005
• Randolph Street Exposure
• Two Doors Down from New Bayless Restaurant
• In Front of Last Large Development Piece
• Steps from the CTA Pink Line
• Easy Access to I-90/94
• Just a block From Google & McDonald's Corporate HQ
• Low Property Taxes
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 5
Complete Highlights
Unique three-story structure in the heart of West Loop's Restaurant Row. Subject property is situated twodoors down from Rick Bayless' Leña Brava, and in front of the largest development piece left in themarket. The property was completely rehabbed in 2005 with all new electrical, plumbing, & structuralcomponents for a high-end audio experience. Multiple levels, flex-core inserts, and more make this a trulyunique piece on West Loop Randolph Street.
PROPERPROPERTTY OY OVERVERVIEWVIEW
The West Loop area, a former manufacturing corridor turned art-edgy neighborhood, was a mix offactories, meat markets, and wholesale produce outlets throughout the late 1800s and most of the 1900s.Many of these businesses still thrive in the area, but the neighborhood has seen a major demographicshift over the last few decades. The factories, most of which have closed, have been converted tohigh-priced lofts, critically acclaimed restaurants, night clubs, art galleries, and retail boutiques. Thisdemographic shift easily makes the West Loop one of Chicago’s most desirable neighborhoods with moredevelopment than any other area in the city. Businesses and operators such as Google, Soho House, WeWork, and Uber have chosen to make their home in the West Loop. The transformation began to happenin part because of the neighborhood’s proximity to the Loop, but also because of the availability of themassive timber and beam loft buildings, which have allowed for varying creative uses.
To learn more about the area go to: www.thewestloopreport.com.
LLOCOCAATION OTION OVERVERVIEWVIEW
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 6
Property Description
SSALE PRICEALE PRICE $2,490$2,490,,000000
LLOCOCAATION INFTION INFORMAORMATIONTION
Building Name 910 W. Randolph Street
Street Address 910 W. Randolph Street
City, State, Zip Chicago, IL 60607
County/Township Cook
Market Chicago
Submarket West Loop
Cross Streets Randolph & Peoria
BUILDING INFBUILDING INFORMAORMATIONTION
Building Size 4,626 SF
Tenancy Single
Number Of Floors 3
Average Floor Size 1,500 SF
Year Built 1877
Last Renovated 2005
PROPERPROPERTTY DETY DETAILSAILS
Property Type Retail
Property Subtype Free Standing Building
Zoning C1-1
Lot Size 1,625 SF
APN# 17-08-432-011-0000
Real Estate Taxes (2015) $12,000.98
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 7
Property Details
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 8
Floor Plans
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 9
Floor Plans
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 10
Floor Plans
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 11
Additional Photos
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 12
Additional Photos
910 W. Randolph Street | Chicago, IL 60607
910 W. RANDOLPH STREETFOR SALE | RETAIL
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2 LOCATION INFORMATION22 LOCATION
INFORMATION910 W. Randolph Street
Chicago, IL 60607
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 13
910 W. Randolph Street
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 14
Regional Map
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 15
Location Maps
910 W. Randolph Street | Chicago, IL 60607
4 ADVISOR BIOSFOR SALE | RETAIL
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
3 ADVISOR BIOS 4 ADVISOR BIOS910 W. Randolph Street
Chicago, IL 60607
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 16
940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1878C [email protected]
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializes in the sale and leasing of retail,multifamily, investment, as well as commercial development property. Prior to joining SVN he served as a seniorcommercial associate with the Chicago office of Inland Real Estate Brokerage, Inc. A business owner for over 15 years,Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offering his clients in-depth analysis of realestate products and financial solutions for their real estate investments. During his extensive real estate career Cawthonhas won real estate awards such as the Rookie of the Year award for outstanding sales achievement and Lister of theYear. He has also been featured on the front page of the Chicago Tribune's Sunday Real Estate Section. Mr. Cawthon hasparticipated in many high profile property listings including a portfolio of Class A Lifestyle Retail Centers in theChicagoland area valuing at over $300 million and a rare redevelopment opportunity in Chicago's Gold Coast arealocated just off the Magnificent Mile. He has been hired by several municipalities to advise them on redevelopment andattracting retailers to their communities. Paul Cawthon and Angelo Labriola are specialists in the Pilsen neighborhood,with over 35 transactions completed in the neighborhood over the past few years.
In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide.
Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their twodaughters, Sedona and Savanna.
PPAAUL CUL CAAWTHONWTHON
Vice President
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 17
940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1870C [email protected]
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Angelo J. Labriola serves as a Vice President for SVN | Chicago Commercial, specializing in the sale of multi-family,mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towardspossessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joiningSVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial realestate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He hasparticipated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest &Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast atChicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in thetop 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialtiesinclude the neighborhood of Pilsen where, along with business partner Paul Cawthon, they have currently completedover 35 transactions and have multiple more in contract on the horizon.
Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR)and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasisin Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer andspending time with his wife and family.
EDUCEDUCAATIONTION
B.S. in Finance and a minor in Economics from DePaul University - Chicago, IL
MEMBERSHIPS & AFFILIAMEMBERSHIPS & AFFILIATIONSTIONS
National Association of Realtors (NAR)Illinois Association of Realtors (IAR)Chicago Association of Realtors (CAR)
ANGELANGELO LABRIOLAO LABRIOLA
Vice President
910 W. RANDOLPH STREET | 910 W. RANDOLPH STREET CHICAGO, IL 60607 SVN | Chicago Commercial | Page 18