2016-2018 W DIVISION FOR SALE Division Street Mixed-Use Opportunity Wicker Park I Urban Chicago
OVERVIEW
2016-18 W DIVISION 2018 W. DIVISION STREET is a masonry, fee-simple, mixed-use building with 6,302 gross square feet of space. The building has two commercial spaces, one occupying the ground floor of the three-story structure, one occupying a small narrow one-story structure adjacent to the three-story portion of the structure and a total of two apartments, one each on the second and third floor. According to the City of Chicago Zoning Map, the property is zoned B3-2, Community Shopping District. The subject property is located in Wicker Park, approximately one mile North and two miles West of the city’s central business district, known as the “Loop”. The Wicker Park community was first developed in the late 1800s, with Polish and German immigrants settling primarily North of North Avenue in Bucktown, and German beer barons and Scandinavian merchants settling South of North Avenue in Wicker Park. Over the years the neighborhood has undergone redevelopment, with many of the area’s 1910s and 1920s vintage homes and 2 to 4 flats replaced with newer residential units, mainly townhomes and lofts, or fully renovated; this trend is expected to continue in the foreseeable future
PROPERTY SUMMARY Offering Price
$1,299,900
Gross Building Area
6,302 Square Feet
Land Area
4,324 Square Feet
Zoning Occupancy Tenancy Ownership Offered Market/Neighborhood Address PIN Public Transit
2016-18 |
B3-2 (Community Shopping District) 50% - Both Commercial Spaces Are Fully Leased 2 Retail + 2 Apartments Fee Simple Urban - Wicker Park 2016-2018 W. Division Street, Chicago IL 60622 17-06-129-032-0000 CTA Division Blue Line ‘L” Station: 1,882,176 passengers
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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INVESTMENT HIGHLIGHTS
HIGHLY DESIRABLE LOCATION Located along Division Street between Damen and Hoyne Avenue, the Property is well-positioned in a heavily populated and traveled area. The Property benefits from its close proximity to the Kennedy Expressway (Interstate 90/94), Blue Line ‘L” Station, and proximity to the city’s central business district.
VALUE-ADD / OWNER USER OPPORTUNITY The ground floor retail space has been occupied by the current tenant since 2011. The two apartments on the upper floors are vacant. The Property is ideal for an owner/user to occupy the ground floor retail space. Additionally, a new buyer can significantly increase the apartment rents by remodeling the units.
EASY ACCESS TO PUBLIC TRANSIT The Property is located 0.5 miles from the CTA Division Blue Line ‘L’ Station with nearly 1.9 million annual passengers. It connects Wicker Park to O’Hare International Airport and downtown Chicago’s Loop.
PROPERTY APPRECIATION The immediate area has experienced property value appreciation due to a large demand for existing and new homes by the millennials, the largest generational pool of buyers. As new developments are announced and get underway, property appreciation is expected to climb.
MEDIAN The Property features a strong set of demographics with a population exceeding 50,000 people and an average household income of Wicker Park exceeding $100,000.
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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NEIGHBORHOOD INFORMATION
WALKSCORE
98
Walker’s Paradise
77
Excellent Transit
98
Biker’s Paradise
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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Education Key Facts KeyKey Facts Facts
Ed Education Education
WICKER PARK STAT SHEET
Wicker 11.64% 3.53% WickerPark ParkKey KeyStatistics Statistics Wicker Wicker Park Park Key Key Statistics Statistics Some College No High School Wicker Park Key Key Statistics Statistics 53,294 53,294 Wicker Park Key Statistics Size Park Wicker Park Key Statistics Wicker Park Key Statistics Wicker Park KeyWicker Statistics
53,294
Key Facts Key Facts
Diploma
Population Population
Population
11.6
3.53% 3.53%
2 2
2 Education
3.53%
Some So
No High School No High School
Avg. Avg. Household Size Size Household
Education Avg. Household Size
Diploma Diploma
No High Schoo Diploma
53,294 53,294
44.2% Key Facts Education
2 2
23.69%
Population Population
Education EducationGraduate Degree Bachelor's Degree Key Key Facts Facts Education Education Key Facts Facts Education KeyFacts Facts Education Key KeyFacts Facts Education Key Key Education
Facts Facts
Children
22
44.2% 44.2%
Some College No High School Median Age Age Children Median Children Some College No Households HighHouseholds Schoolwith with Diploma Diploma
18.67% 18.67% 11.64% 11.64% 3.53% 3.53% 11.64% 3.53%223.53% 11.64% 11.64% 3.53% 3.53% 11.64%
53,294 53,294 53,294 53,294 53,294 53,294
71.91%
Private Companies 18.67% 18.67% Households with Children Households with Children 32 32 32Median 32Age 32 32 Median Age
53,294 53,294
3.53% 3.53%
Employment Employment
44.2%
44.2% 23.69% 44.2% 23.69% 11.64% 71.91% 8.91% 71.91% 8.91% 11.64%
7.56%
11.62%
8.91%
7.56% 7.56% Governmental Governmental
Employment Employment
Median Age Median Age Median Age Households with Children Median Age Households with Children Median Age Households with Children
Households with Children Bachelor's Degree Bachelor's Degree Graduate Degree Bachelor's Degree GraduateGraduate Degree Bachelor's Degree Degree
Employment Employment Employment Employment Employment Employment
Employment Employment Transportation
Private Companies Entrepreneurs Governmental Private Companies Entrepreneurs Governmental Not for Profit Private Companies Entrepreneurs Governmental Not for Profit Private Companies Entrepreneurs Governmental Not for Profit Workers Workers Workers Median Household Median Household Workers Workers Workers Workers Workers Income Income
Transportation
BusTransportation Transportation
Avg. Household Avg. Household Income Income
4,851
Train Car Car
$125,000 $125,000 $125,000 $125,000
$125,000 $125,000
$50,000 $50,000
$100,000 $100,000 $100,000 $100,000 $100,000 $100,000
$100,000 $100,000
$25,000 $25,000
$75,000 $75,000 $75,000 $75,000 $75,000 $75,000
$75,000 $75,000
$50,000 $50,000 $50,000 $50,000 $50,000 $50,000
$50,000 $50,000
$25,000 $25,000 $25,000 $25,000 $25,000 $25,000
44 - 44
Rentals
Rentals Rentals
Taxi Taxi
4,851 4,851 731 731
$25,000 $25,000
62.36% 62.36%
Renter Occupied
62.36%
Renter Occupied
2016-18 |
# of Commu4
WalkWalk
1
Car Bus
88 88
Subway
Household87
Train
87
Bicycle Motorcycle Taxi
Rentals Rentals Walk
62.36% 62.36% Renter Occupied Renter Occupied
Rentals Rentals
Under 25 25 25 - 44 65 65 Under 25 - 44 45 - 64 45 - 64 Over Over
3
Owne O
$75,000
$0
Under 25 25 - 44 Under 25 25 - 44
Rentals
Tran1
Motorcycle Motorcycle
$136,956 1,886 1,886
45 - 64 45 - 64
$50,000 Over 65 Over 65
Rentals Rentals Rentals Rentals Rentals Rentals
37.64% 37.64% 62.36% 62.36% 62.36% 62.36% 62.36% 62.36%
62.36% 62.36%
Renter Occupied Renter Occupied
$25,000
37.64%
62.36% 37.64% 37.64%62.36% 37.64% 37.64% 37.64% 37.64%
37.64% 37.64%
Owner Occupied Owner Occupied
Rentals Rentals
Renter Occupied Owner Occupied $0 Over 6565 Owner Occupied Over $0 $0 Renter Renter Occupied Occupied $0 Under 25 $0 Renter Occupied Owner Owner Occupied Occupied Renter Occupied $0 $0 Under Under 25 25 25 - 25 44 - 44 45 - 45 64 - 64 $0 Over Over 65 65 25 $0 Renter Occupied Renter Occupied Renter Occupied Owner Occupied Under 25 44 45 64 Over 65 Renter Occupied Under25 25 Under 25- -44 44 45-- 44 -64 64 Over 65 Owner Occupied Owner Occupied Under 25 - 44 45 - 64 Over 65 Owner Occupied 45 - 64 Over Under 25 45 65 Under 2525 2525 - 44 45Over - 64 Over 656525
4545 - 64 - 64
Over 65
$0
4
Bicycle Bicycle
Income Income Median Income Per Age 88Income Median Age TaxiTaxi 443443 16,663 # of#Commuters of Per Commuters by Transportation by Transportation # of Commuters 16,663 # of Commuters by Transportation Transportation byTransportation Transportation by # of Commuters Transportation # of Commuters by # of Commuters byby Transportation Walk 1,506 $75,000 $75,000 # of Commuters Walk 1,506 Bus 4,851 Car Car 16,663 16,663 Bicycle Bus 4,851 1,886 Car 16,663 Car 16,663 16,663 $125,000 Car 16,663 Car 16,663 Car 16,663 Car $125,000 $136,956 Subway 731 Bus Bus 4,851 4,851 $136,956 Subway 731 Bus 4,851 Bus 4,851 Bus 4,851 Bus 4,851 Motorcycle Bus 4,851 Avg. Household Bus 4,851 Median Income Per Age Avg. Household $101,161 $101,161 $136,956 $136,956$101,161 8888 87 Train Subway Subway 731 731 $136,956 $101,161 $136,956 Train Subway 731 Subway 731 $50,000 Income$101,161 $50,000 $101,161 $136,956 $101,161 $136,956 $136,956 Subway 731 $101,161 $136,956 Subway 731 Income Median Subway 731 Subway 731 Median Household Household Avg. Avg. Household Household Median Household Avg. Household Taxi 443 Median Household Avg. Household Bicycle 1,886 Train Train 88 88 $100,000 Median Household Avg. Household Median HouseholdAvg. Household Avg. Household Median Household Bicycle Median Household Avg. Household Train 88 $100,000 1,886 Train 88 Income Income Income Income Train 88 Train Income Income Train Income 88 Train 8888 Income Income Income Income Income Income Income Income Income Motorcycle 8787 Bicycle 1,886 $125,000 Motorcycle Bicycle 1,886 BicycleBicycle 1,886 1,886 Walk 1,506 Bicycle 1,886 Bicycle 1,886 Bicycle 1,886 Bicycle 1,886 $25,000 $25,000 me Per Age Taxi 443 Motorcycle Motorcycle 87 87 ome Per Age Taxi 443 Motorcycle Motorcycle 87 87 Motorcycle 87 Motorcycle Motorcycle 87 $75,000 Motorcycle 8787 $75,000 1,506 Median Median Income Income PerPer Age Age TaxiTaxi 443 Walk Median Income Per Age Taxi 443 Walk 1,506 Median Income Per Age TaxiAge 443 443 Median Income Per Median Income Per Age Taxi 443 Median Income Per Age Taxi 443 Taxi 443 Median Income Per Age Taxi 443 Walk 1,506 $100,000 Walk 1,506 Walk Walk 1,506 1,506 $0 Walk 1,506 Walk 1,506$0 Walk 1,506 Walk 1,506 $125,000 $125,000
hold
16
Bus Bus TrainTrain
Income Income
Train Train Bicycle Bicycle Transportation Household Motorcycle Avg. Transportation Motorcycle
Car Car Subway Subway
Avg. Avg. Household Household
$101,161
Transportation Transportation Income Income $100,000 $100,000 Income Transportation Income Subway 731Transportation Median Income Transportation Income Income Transportation Income # #ofofCommuters CommutersbybyTransportation Transportation
56
11.62% 11.62% Not for Profit $136,956 $136,956 Not for Profit
BusBus Subway Subway
$136,956 $125,000 $125,000 $136,956
Median Household Median Household Income Income
me ome
# of # Commuters by Transpor of Commuters by Tran
of Commuters by Transportation # of#Commuters by Transportation CarPer 16,663 Median Income Per AgeAge Median Income Car 16,663
# of Commuters by Transportation $101,161 $101,161 Car 16,663
Worker
Transportation Transportati
Transportation Income Transportation Income
Income Income
Governme
Graduate Degree Workers Workers
7.56% 11.62% 7.56% 11.62% Private Companies Governmental Not for Profit Private Companies 8.91% Governmental Not for Profit 71.91% 71.91% 8.91% 7.56% 7.56% 71.91% 11.62% 11.62% 7.56% 8.91% 71.91% 8.91% 7.56% 11.62% Workers 71.91% 8.91% 7.56% 71.91% 8.91% 7.56% 11.62% 71.91% 8.91% 11.62% 71.91% 8.91% 7.56% 11.62% Workers Private Private Companies Companies 7.56% Entrepreneurs Entrepreneurs Governmental Governmental NotNot for for Profit Profit Private Companies Entrepreneurs Governmental $101,161 Private Companies Entrepreneurs Governmental Not for Profit $101,161 71.91% 71.91%
Entrepreneurs Entrepreneurs
7.56%
71.91%
Income Income 8.91% 8.91%
N
Workers Workers
44.2% 23.69% 44.2% 23.69%Not for Profit Private Companies Entrepreneurs Bachelor's Degree Graduate Degree Workers Employment Bachelor's Degree Graduate Degree 18.67% 18.67% 44.2% 44.2% 23.69% 23.69% 71.91% 8.91% 23.69% 7.56% 11.62% 32 18.67% 44.2% 23.69% 71.91% 8.91% 7.56% 11.62% 18.67% 44.2% 32 18.67% 44.2% 23.69% 18.67% 44.2% 23.69% 18.67% 44.2% 23.69% 18.67% 44.2% 23.69% Households Households with with Children Children Bachelor's Bachelor's Degree Degree Graduate Graduate Degree Degree Private Companies Entrepreneurs Governmental Not for Profit Median Age Households with Children Bachelor's Degree Graduate Degree Not for Profit Private Companies Entrepreneurs Governmental Households with Children Bachelor's Degree Graduate Degree Governmental
Graduat Gra
Bachelor's Degr
Median Age Households with Children Bachelor's Degree Graduate Degree Some College Median Age Households with Children Bachelor's Degree Graduate Degree No High School Some College No High School Diploma Diploma Some Some College College No High No High School School Population Population Avg. Avg. Household Household Size Size Some College Private Companies Entrepreneurs No High School Private Companies Entrepreneurs Some College NoAvg. HighHousehold School Population Size Some College Population Avg. Household Size Some College No High School Some College No High School No Avg. High Household School Some College No High School Population Size Population Avg. Household Size Population Avg. Household Size Diploma Diploma Population Avg. Household Size Diploma Diploma Diploma Diploma Diploma Diploma
Avg. Household Size Avg. Household Size
23.
Bachelor's Degree Bachelor's Degree
Employment 32 18.67% Education Education Median Age Households with Children
11.64% 32 32 11.64%
3.53% 3.53% 2 2 2 2 22
11.64% 11.64%
3.53% 18.67% 18.67% 3.53%
32 32
Avg. Household Size Avg. Household Size
25 - 44
37.64% 45 - 64 37.64%
Owner Occupied Owner Occupied
62.36%
Renter Occupie
Over 65
Owner Occupied
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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ZONING MAP
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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SURVEY
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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FLOORPLANS
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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RETAIL UNIT 1
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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RETAIL UNIT 2
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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UNIT 1
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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UNIT 2
2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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2016-18 |
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
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INCOME & EXPENSES
INCOME 2018 Ground
$3,376 per Month
Lease ends 03/03/2023
2016 1/2
$1,343 per Month
Lease ends 08/31/2026
Unit 1
Valued at $1,600 per Month
Vacant
Unit 1
Valued at $1,600 per Month
Vacant
EXPENSES 2020 Taxes
$15,449
Insurance
$3,736
Water
2016-18 |
TBD
DIVISION STREET MIXED-USE OPPORTUNITY WICKER PARK - CHICAGO
EXCLUSIVELY LISTED BY IVONA KUTERMANKIEWICZ
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