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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM
RARELYAVAILABLELINCOLN SQUAREBUILDING FORSALE4732 N LINCOLN AVECHICAGO, IL 60625
Tim Rasmussen, CCIMAssistant Vice [email protected]
Marcus SullivanAssistant Vice [email protected]
Shane SackettAssociate [email protected]
PROPERTY INFORMATION 3Property DescriptionComplete HighlightsFloor Plans
LOCATION INFORMATION 7Retailer MapLocation MapsAdditional Photos
SALE COMPARABLES 11Sale CompsSale Comps SummarySale Comps Map
DEMOGRAPHICS 16Demographics ReportDemographics MapBack Page
OFFERING MEMORANDUM| 4732 N LINCOLN AVE, CHICAGO, IL 60625
1 PROPERTYINFORMATION
4732 N Lincoln AveChicago, IL 60625
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 3
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 4All SVN® offices are independently owned and operated.
The subject property is a two-story building containing approximately 10,400 square feetof space, plus a fully improved basement. The land area is 5,896 square feet and theproperty is zoned B1-1. Current uses include office tenants on the second floor and therecently closed Chicago BrauHaus Restaurant on the first floor and basement. The 100year-old building is very well maintained featuring a beautiful brick and terra cotta facadethat is complimentary to the handsome collection of buildings located in the heart of the"Square".
PROPERTY OVERVIEW
Lincoln Square is one of Chicago's most sought after neighborhoods for residents, retailersand restaurants alike. Exemplarizing the new urbanism characteristics of thisneighborhood, are a great collection of area demand generating co-tenants like The OldTown School of Folk Music, Davis Theater, Gene’s Sausage Shop, and the Lincoln SquareAthletic Club.
The subject property is ideally located at the epicenter of Lincoln Square and is directlyacross from Gidding's Plaza, an extremely popular public plaza featuring regularlyprogrammed entertainment throughout the year. The property is only steps away from theCTA Brown Line station, with its’ 1.3 million annual riders and two large public surfaceparking lots are adjacent to the property. Rounding out this well-defined retail corridor isan ideal mix of national and local retailers and restaurants.
Trade area demographics are very strong with average household incomes of $120,000and an average household net worth of $771,000. Of the adults over the age of 25, 67%hold a bachelor or graduate degree and are predominately employed in professionalmanagement, business and finance jobs.
LOCATION OVERVIEW
Property Description
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 5All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• Dense mix of medium-to-high income, professionals and families
• $120,000 average household income
• 1 Block from the CTA’s Brown Line Western Avenue Station
• Great neighborhood demand generators like the Old Town School ofFolk Music, Davis Theater, and Lincoln Square Athletic Club
• Excellent co-tenancy with balanced mix of retail, restaurant, theaterand service uses
• Lincoln Square is a highly sought after location for retailers of allkinds
• Space is across from Gidding’s Plaza, a central focus gathering spotfor Lincoln Square residents.
• Close proximity to public parking lots
• Very strong weeknight and weekend demand generators
• Limited amount of storefront retail space available in Lincoln Square
• Large basement
Complete Highlights
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 6All SVN® offices are independently owned and operated.
Floor Plans
2 LOCATIONINFORMATION
4732 N Lincoln AveChicago, IL 60625
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 7
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 8All SVN® offices are independently owned and operated.
Retailer Map
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 9All SVN® offices are independently owned and operated.
Location Maps
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 10All SVN® offices are independently owned and operated.
Additional Photos
3 SALECOMPARABLES
4732 N Lincoln AveChicago, IL 60625
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 11
SUBJECT PROPERTY
4732 N Lincoln Ave, Chicago, IL 60625
$3,800,000Sale Price: 10,400 SFBuilding SF: $365.38Price PSF:
8.16%Cap: $310,080NOI:
1
4740 N LINCOLN
Chicago, IL 60625
$3,378,614Sale Price: 0.112 AcresLot Size: 1916Year Built:
9,300 SFBuilding SF: $363.29Price PSF: 09/15/2014Closed:
Part of a three property sale from Bill Platt and John Fencl. 4724 and 4728 N Lincoln were purchased by Fencland Platt on 9/15/2014 for $1,710,000. On 5/28/2015, Fencl and Platt purchased 4740 N Lincoln for $1,860,000.Then, on 9/19/2014, Platt and Fencl sold the three parcels to L3 for a total of $5,500,000
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2
4357 N LINCOLN
4357 N Lincoln Avenue | Chicago, IL 60618
$487,500Sale Price: 1,350 SFLot Size: 1,350 SFBuilding SF:
$361.11Price PSF: 07/08/2014Closed:
2
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 12All SVN® offices are independently owned and operated.
Sale Comps
3
4724 N LINCOLN
Chicago, IL 60625
$2,121,386Sale Price: 9,762 SFLot Size: 1925Year Built:
5,710 SFBuilding SF: $371.52Price PSF: 09/19/2014Closed:
Part of a three property sale from Bill Platt and John Fencl. 4724 and 4728 N Lincoln were purchased by Fencland Platt on 9/15/2014 for $1,710,000. On 5/28/2015, Fencl and Platt purchased 4740 N Lincoln for $1,860,000.Then, on 9/19/2014, Platt and Fencl sold the three parcels to L3 for a total of $5,500,000
3
4
4725 N WESTERN AVENUE
4725-4735 N Western Avenue | Chicago, IL 60625
$4,500,000Sale Price: 11,761 SFLot Size: 1970Year Built:
17,930 SFBuilding SF: $250.98Price PSF: 01/02/2018Closed:
4
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 13All SVN® offices are independently owned and operated.
Sale Comps
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 14All SVN® offices are independently owned and operated.
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2
3
4
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS
4732 N Lincoln AveChicago, IL60625
$3,800,000 10,400 SF $365.38 8.16% -
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
4740 N LincolnChicago, IL60625
$3,378,614 9,300 SF $363.29 - - 09/15/2014
4357 N Lincoln4357 N Lincoln AvenueChicago, IL 60618
$487,500 1,350 SF $361.11 - 1 07/08/2014
4724 N LincolnChicago, IL60625
$2,121,386 5,710 SF $371.52 - 1 09/19/2014
4725 N Western Avenue4725-4735 N Western AvenueChicago, IL 60625
$4,500,000 17,930 SF $250.98 - 4 01/02/2018
PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
Totals/Averages $2,621,875 8,573 SF $305.83 - 2
Sale Comps Summary
4732 N Lincoln Ave, Chicago, IL 60625SUBJECT PROPERTY
1 Chicago, IL60625
4740 N LINCOLN2 4357 N Lincoln Avenue
Chicago, IL 60618
4357 N LINCOLN3 Chicago, IL
60625
4724 N LINCOLN4 4725-4735 N Western Avenue
Chicago, IL 60625
4725 N WESTERN AVENUE
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 15All SVN® offices are independently owned and operated.
Sale Comps Map
4DEMOGRAPHICS
4732 N Lincoln AveChicago, IL 60625
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 16
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 17All SVN® offices are independently owned and operated.
0.25 MILES 0.5 MILES 1 MILE
Total population 3,634 11,362 41,312
Median age 35.9 35.7 34.8
Median age (male) 36.7 36.1 34.4
Median age (female) 35.2 35.7 35.4
Total households 1,987 8,051 29,839
Total persons per HH 2.1 2.1 2.2
Average HH income $108,156 $119,980 $112,454
Average house value $504,866 $496,153 $466,587
* Demographic data derived from 2010 US Census
Demographics Report
4732 N LINCOLN AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 18All SVN® offices are independently owned and operated.
POPULATION 0.25 MILES 0.5 MILES 1 MILE
Total population 3,634 11,362 41,312
Median age 35.9 35.7 34.8
Median age (Male) 36.7 36.1 34.4
Median age (Female) 35.2 35.7 35.4
HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE
Total households 1,987 8,051 29,839
# of persons per HH 2.1 2.1 2.2
Average HH income $108,156 $119,980 $112,454
Average house value $504,866 $496,153 $466,587
* Demographic data derived from 2010 US Census
Demographics Map
940 West Adams Street, Suite 200Chicago, IL 60607
312.676.1875svnchicago.com
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