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4701 n kedzie_package

  1. 1. All Sperry Van Ness® Offices Independently Owned and Operated. For Sale 4701 N. KEDZIE AVE 4701 N. Kedzie Ave, Chicago, IL 60625 $1,300,000 Presented By: Ben Andrews 112 S. Sangamon, 2nd Floor Chicago, IL 60607 (312)676-1864 ben.andrews@svn.com Thomas Vincent, CCIM 1803 Hicks Rd., Suite D Rolling Meadows, IL 60008 (847)963-1031 vincentt@svn.com Offering Highlights 24,000 SF Land Site for Sale on Chicago's NW Side Ideal for a Fast Food/Restaurant/Bank/Retail User 2,300 SF Former Restaurant Building Corner Property Across from Kedzie Brown Line 12/21/2011
  2. 2. All materials and information received or derived from Sperry Van Ness, LLC (Scott Maesel)(hereinafter collectively “Sperry Van Ness”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Sperry Van Ness its directors, officers, agents, advisors, or affiliates as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Sperry Van Ness its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Sperry Van Ness will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Sperry Van Ness makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Sperry Van Ness in compliance with all applicable fair housing and equal opportunity laws. Sperry Van Ness, LLC (Scott Maesel) is independently owned and operated.
  3. 3. Executive Summary4701 N. KEDZIE AVE 4701 N. Kedzie Ave, Chicago, IL 60625 List Price $1,300,000 Price Per GLA $54.17 Price Per Sq.Ft. $565.22 NOI CAP Building Sq.Ft. 2,300 Land Acres Occupancy. HIGHLIGHTS 24,000 SF Land Site for Sale on Chicago's NW Side Ideal for a Fast Food/Restaurant/Bank/Retail User 2,300 SF Former Restaurant Building Corner Property Across from Kedzie Brown Line PROPERTY DESCRIPTION Exclusively Listed By: Ben Andrews (312)676-1864 ben.andrews@svn.com Thomas Vincent, CCIM (847)963-1031 vincentt@svn.com Cross Street Leland Ave Tax Parcel No. 13-13-100-031-0000 Market Chicago Sub Market Year Built 1987 Building Class A Location Class A Zoning Type Signalized Corner Yes Street Frontage No. of Buildings 1 No. of Stories 1 No. of Tenants No. of Parking Spaces Parking Ratio 12/21/2011 Area The property is located in Albany Park on the Northwest side of Chicago. Property Former Fast Food Restaurant Building on roughly 24,000 SF of land. Building currently has a drive-thru and is located at the corner of Kedzie and Leland Ave. Ample Parking. It is across the street from the Kedzie Brown Line Station. This property is also available for Lease. Call Advisors for details.
  4. 4. 2010 Estimated Population 26,823 85,394 148,671 2015 Projected Population 27,625 86,308 151,007 2000 Census Population 27,795 87,917 153,291 1990 Census Population 24,833 77,930 138,031 Historical Annual Growth 1990 to 2010 0.4% 0.5% 0.4% Projected Annual Growth 2010 to 2015 0.6% 0.2% 0.3% 2010 Est. Households 7,777 26,779 51,368 2015 Proj. Households 7,851 26,645 51,491 2000 Census Households 8,108 27,642 53,115 1990 Census Households 7,537 26,053 50,455 Historical Annual Growth 1990 to 2010 0.2% 0.1% 0.1% Projected Annual Growth 2010 to 2015 0.2% -0.1% - 2010 Est. Population 0 to 9 Years 16.3% 15.2% 14.2% 2010 Est. Population 10 to 19 Years 14.1% 13.5% 12.4% 2010 Est. Population 20 to 29 Years 19.2% 17.7% 16.8% 2010 Est. Population 30 to 44 Years 23.1% 23.3% 23.7% 2010 Est. Population 45 to 59 Years 16.5% 17.3% 18.3% Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. HOUSEHOLDSAGE 4701 N. Kedzie 0.5 Mile 1 Mile 1.5 Miles Chicago, IL POPULATION FULL PROFILE 1990 - 2000 Census, 2010 Estimates with 2015 Projections Calculated using Proportional Block Groups Sperry Van Ness Lat/Lon: 41.967/-87.70807 2010 Est. Population 45 to 59 Years 16.5% 17.3% 18.3% 2010 Est. Population 60 to 74 Years 7.6% 9.0% 9.9% 2010 Est. Population 75 Years Plus 3.3% 4.0% 4.7% 2010 Est. Median Age 29.3 30.9 32.7 2010 Est. Male Population 53.3% 51.4% 50.6% 2010 Est. Female Population 46.7% 48.6% 49.4% 2010 Est. Never Married 38.7% 36.5% 35.6% 2010 Est. Now Married 42.5% 42.7% 43.5% 2010 Est. Separated or Divorced 15.1% 16.0% 15.5% 2010 Est. Widowed 3.8% 4.8% 5.4% 2010 Est. HH Income $200,000 or More 3.8% 2.8% 2.9% 2010 Est. HH Income $150,000 to $199,999 2.3% 1.9% 2.4% 2010 Est. HH Income $100,000 to $149,999 8.7% 9.5% 10.5% 2010 Est. HH Income $75,000 to $99,999 10.1% 10.5% 11.2% 2010 Est. HH Income $50,000 to $74,999 16.9% 20.3% 19.6% 2010 Est. HH Income $35,000 to $49,999 15.7% 16.6% 16.2% 2010 Est. HH Income $25,000 to $34,999 11.6% 11.9% 11.9% 2010 Est. HH Income $15,000 to $24,999 14.4% 12.6% 12.2% 2010 Est. HH Income $0 to $14,999 16.6% 13.9% 13.1% 2010 Est. Average Household Income $69,828 $66,065 $67,642 2010 Est. Median HH Income $43,586 $46,369 $48,359 2010 Est. Per Capita Income $21,126 $21,791 $24,243 2010 Est. Number of Businesses 527 1,695 3,816 2010 Est. Total Number of Employees 3,068 14,398 33,490 INCOME Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. MARITALSTATUS &SEX ©2011, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 3 Demographic Source: Applied Geographic Solutions 10/2010, TIGER Geography
  5. 5. 2010 Est. White Population 53.6% 58.1% 62.0% 2010 Est. Black Population 8.2% 7.3% 6.4% 2010 Est. Asian & Pacific Islander 15.6% 14.7% 14.5% 2010 Est. American Indian & Alaska Native 0.7% 0.7% 0.6% 2010 Est. Other Races Population 22.0% 19.2% 16.5% 2010 Est. Hispanic Population 14,715 41,389 62,102 2010 Est. Hispanic Population Percent 54.9% 48.5% 41.8% 2015 Proj. Hispanic Population Percent 56.2% 49.9% 43.3% 2000 Hispanic Population Percent 2010 Est. Adult Population (25 Years or Older) 16,180 53,656 97,632 2010 Est. Elementary (0 to 8) 19.2% 15.3% 12.6% 2010 Est. Some High School (9 to 11) 10.3% 9.7% 8.7% 2010 Est. High School Graduate (12) 24.6% 25.0% 24.9% 2010 Est. Some College (13 to 16) 14.5% 15.2% 15.8% 2010 Est. Associate Degree Only 5.1% 5.7% 6.0% 2010 Est. Bachelor Degree Only 16.3% 18.5% 20.6% 2010 Est. Graduate Degree 10.1% 10.6% 11.4% Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. RACEHISPANIC EDUCATION (Adults25orOlder) Sperry Van Ness Lat/Lon: 41.967/-87.70807 Lat/Lon: 41.967004, -87.70807 0.5 Mile 1 Mile 1.5 Miles FULL PROFILE 1990 - 2000 Census, 2010 Estimates with 2015 Projections Calculated using Proportional Block Groups 2010 Est. Total Housing Units 8,639 29,683 56,842 2010 Est. Owner Occupied Percent 29.5% 34.0% 37.5% 2010 Est. Renter Occupied Percent 60.6% 56.2% 52.9% 2010 Est. Vacant Housing Percent 10.0% 9.8% 9.6% 2000 Homes Built 1999 to 2000 0.3% 0.3% 0.4% 2000 Homes Built 1995 to 1998 0.7% 1.1% 0.9% 2000 Homes Built 1990 to 1994 0.3% 0.5% 0.6% 2000 Homes Built 1980 to 1989 4.2% 2.6% 2.4% 2000 Homes Built 1970 to 1979 4.6% 4.3% 4.3% 2000 Homes Built 1960 to 1969 8.4% 8.7% 8.8% 2000 Homes Built 1950 to 1959 15.3% 14.5% 15.3% 2000 Homes Built Before 1949 66.3% 67.9% 67.3% 2000 Home Value $1,000,000 or More - - - 2000 Home Value $500,000 to $999,999 1.2% 1.3% 1.4% 2000 Home Value $400,000 to $499,999 7.4% 3.4% 3.5% 2000 Home Value $300,000 to $399,999 18.2% 7.5% 8.4% 2000 Home Value $200,000 to $299,999 19.5% 25.0% 27.7% 2000 Home Value $150,000 to $199,999 29.6% 36.1% 34.1% 2000 Home Value $100,000 to $149,999 15.7% 21.1% 18.9% 2000 Home Value $50,000 to $99,999 7.8% 4.9% 4.9% 2000 Home Value $25,000 to $49,999 - 0.1% 0.3% 2000 Home Value $0 to $24,999 0.6% 0.5% 0.6% 2000 Median Home Value $231,623 $195,081 $200,030 2000 Median Rent $561 $585 $593 HOUSINGHOMESBUILTBYYEARHOMEVALUES Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. ©2011, Sites USA, Chandler, Arizona, 480-491-1112 page 2 of 3 Demographic Source: Applied Geographic Solutions 10/2010, TIGER Geography
  6. 6. 2010 Est. Labor: Population Age 16+ 20,406 66,101 117,180 2010 Est. Civilian Employed 61.0% 61.2% 61.9% 2010 Est. Civilian Unemployed 5.8% 6.2% 5.7% 2010 Est. in Armed Forces - - - 2010 Est. not in Labor Force 33.2% 32.7% 32.3% 2010 Labor Force: Males 53.6% 51.2% 50.4% 2010 Labor Force: Females 46.4% 48.8% 49.6% 2000 Occupation: Population Age 16+ 12,469 40,370 73,255 2000 Mgmt, Business, & Financial Operations 6.3% 8.7% 10.3% 2000 Professional & Related 13.7% 16.8% 19.2% 2000 Service 22.7% 20.6% 18.7% 2000 Sales and Office 23.6% 24.4% 25.3% 2000 Farming, Fishing, and Forestry 0.1% 0.1% - 2000 Construction, Extraction, & Maintenance 10.6% 8.2% 7.7% 2000 Production, Transport, & Material Moving 23.0% 21.3% 18.8% 2000 Percent White Collar Workers 43.6% 49.9% 54.8% 2000 Percent Blue Collar Workers 56.4% 50.1% 45.2% 2000 Drive to Work Alone 42.4% 48.5% 51.3% Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. LABORFORCEOCCUPATION Calculated using Proportional Block Groups Sperry Van Ness Lat/Lon: 41.967/-87.70807 Lat/Lon: 41.967004, -87.70807 0.5 Mile 1 Mile 1.5 Miles FULL PROFILE 1990 - 2000 Census, 2010 Estimates with 2015 Projections 2000 Drive to Work Alone 42.4% 48.5% 51.3% 2000 Drive to Work in Carpool 19.8% 17.5% 15.8% 2000 Travel to Work by Public Transportation 28.7% 25.0% 24.4% 2000 Drive to Work on Motorcycle - - - 2000 Walk or Bicycle to Work 6.3% 6.1% 5.6% 2000 Other Means 1.4% 1.1% 0.8% 2000 Work at Home 1.4% 1.9% 2.1% 2000 Travel to Work in 14 Minutes or Less 9.0% 11.3% 12.0% 2000 Travel to Work in 15 to 29 Minutes 25.2% 25.9% 26.1% 2000 Travel to Work in 30 to 59 Minutes 49.6% 47.9% 48.1% 2000 Travel to Work in 60 Minutes or More 16.2% 14.9% 13.7% 2000 Average Travel Time to Work 34.7 33.9 33.1 2010 Est. Total Household Expenditure $425 M $1.41 B $2.75 B 2010 Est. Apparel $20.8 M $68.6 M $133 M 2010 Est. Contributions & Gifts $25.9 M $84.8 M $168 M 2010 Est. Education & Reading $11.7 M $38.0 M $74.7 M 2010 Est. Entertainment $23.5 M $78.1 M $152 M 2010 Est. Food, Beverages & Tobacco $69.5 M $231 M $446 M 2010 Est. Furnishings & Equipment $18.1 M $60.3 M $119 M 2010 Est. Health Care & Insurance $30.5 M $102 M $198 M 2010 Est. Household Operations & Shelter & Utilities $128 M $423 M $823 M 2010 Est. Miscellaneous Expenses $7.14 M $23.9 M $46.5 M 2010 Est. Personal Care $6.25 M $20.7 M $40.3 M 2010 Est. Transportation $84.2 M $282 M $548 M TRAVELTIMECONSUMEREXPENDITURE Thisreportwasproducedusingdatafromprivateandgovernmentsourcesdeemedtobereliable.Theinformationhereinisprovidedwithoutrepresentationorwarranty. TRANSPORTATION TOWORK ©2011, Sites USA, Chandler, Arizona, 480-491-1112 page 3 of 3 Demographic Source: Applied Geographic Solutions 10/2010, TIGER Geography
  7. 7. nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn LAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVELAWRENCE AVE MONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVEMONTROSE AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE ELSTON AVE KEDZIEAVEKEDZIEAVEKEDZIEAVEKEDZIEAVEKEDZIEAVEKEDZIEAVEKEDZIEAVEKEDZIEAVE KEDZIEAVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE BRYN MAWR AVE PULASKIRD PULASKIRD PULASKIRD PULASKIRD PULASKIRD PULASKIRD PULASKIRD PULASKIRD PULASKIRD 19k 19k 17k 19k 21k 21k 24k 26k 26k 48k 24k 48k 21k 21k 28k 17k 18k 48k48k 48k 19k 48k 14k 16k 6k 17k 18k 18k 18k 21k 19k 20k 15k 21k 21k 21k 21k 27k 21k 19k 21k 15k 21k 21k 31k 8k 12k 18k 21k 24k 20k 26k 42k 33k 33k 18k 31k 33k 33k 14k 33k 31k 39k 48k 47k 41k 16k 48k 11k 15k 26k 33k 1.00 Mile .01 Mile.01 Mile 4701 N Kedzie Ave Chicago, Illinois Traffic Counts Prepared For Sperry Van Ness December 2011 Lat:41.9667Lon:-87.7085Zoom:2.196miLogosareforidentificationpurposesonlyandmaybetrademarksoftheirrespectivecompanies. ©2011, SITES USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
  8. 8. AdvisorsSperry Van Ness Advisors All Sperry Van Ness® Offices Independently Owned and Operated. Ben Andrews Ben Andrews Senior Advisor Sperry Van Ness Ben Andrews serves as a Senior Advisor for Sperry Van Ness LLC, specializing in the leasing and sales of retail properties. During his career, Andrews has represented national, regional and local Retailers in the acquisition of properties, as well as Owners and Landlords in both single site and portfolio disposition and leasing projects. Current and former clients include: Citibank, Cricket Communications, Steak ‘n Shake, Famous Dave’s BBQ, Epic Burger, Marbles: The Brain Store, Caribou Coffee, Westwood Financial and many more. With 10 years of Commercial Real Estate experience, Ben joined Sperry Van Ness LLC in 2009, after working with SRS Real Estate Partners (The Staubach Company/Staubach Retail) from 2006 – 2009 and serving as Director of Real Estate with ACA Financial, LLC from 2004 – 2006. Ben is focused on servicing his existing clients, as well as sourcing and providing representation to new clients. His market expertise is both local and regional, giving his clients coverage in Downtown Chicago and all Illinois suburban retail markets. Ben has a B.A. in Political Science from Trinity College (Hartford, CT), and lives in the Lincoln Park neighborhood of Chicago with his wife, Nora.
  9. 9. AdvisorsSperry Van Ness Advisors All Sperry Van Ness® Offices Independently Owned and Operated. Thomas Vincent, CCIM Thomas Vincent, CCIM Managing Director Sperry Van Ness Tom Vincent, CCIM serves as a Managing Director for Sperry Van Ness, specializing in the sale of shopping centers and net leased properties nationwide. He also sells industrial, office and multifamily properties in Chicago and the Midwest. With over 35 years of experience, Vincent has secured over 300 transactions with a sales volume valued at over $360 million in the last nine years including numerous 1031 exchange transactions. Prior to joining Sperry Van Ness, Vincent operated Sentinel Realty Advisors, Inc. for more than five years. He owned and operated Fidelity Mortgage & Investment Corp.for over 20 years specializing in brokerage of commercial loans for all property types. He served as president and COO of Union Realty Mortgage Company and Senior Vice President HIC of Florida, a subsidary of Chase Manhattan Bank where he was instrumental in liquidating a $250MM portfolio of distressed assets. Vincent earned the CCIM designation in 1997 and is the past president (2004) of the Illinois Chapter of CCIM and a member of the International Council of Shopping Centers. Since 1991 Vincent has served as chairman of the Plan Commission for the City of Rolling Meadows, Illinois. He earned his bachelor's degree in banking and finance from the University of North Texas. Pam Vincent, CPA assists in the operation.

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