development site “mixed use”...- 2015 real estate taxes: $11,125.78 executive summary 5132-5142...

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.

DEVELOPMENT SITE “MIXED USE”LINCOLN SQUARE5132-5142 N. WESTERN AVENUE, CHICAGO

JAMESON COMMERCIAL REAL ESTATE425 W. North Ave | Chicago, IL 60610www.jamesoncommercial.com MARK KISHTOW

Senior V.P. Investments(P) 312.867.2265 | (C) 773.744.7070 | [email protected]

MARK JONES, CCIMSenior V.P. Investments

(P) 312.335.3229 | (C) 312-804-5722 | [email protected]

ASKING PRICE: $2,200,000WESTERN AVE.

FOST

ER A

VE.

130’ OF FRONTAGE

- 14,800 +/- SQ FT- Zoned B3-2 & B2-2- Densely Populated Area- Near Brown Line- Easy Access to Lake Shore Drive and Lincoln Square Shops- 2015 Real Estate Taxes: $11,125.78

EXECUTIVE SUMMARY5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation. 2

Jameson Commercial Real Estate pleased to present this highly visible development opportunity located near the corner of Western Ave and Foster in Chicago’s Lincoln Square neighborhood. The subject property consists of fi ve contiguous lots with a 130’ frontage on Western Ave and 114’ deep. The property is split zoned B3-2 and B2-2. This property enjoys easy access to Lake Michigan (Foster Beach), Lincoln Square shops and Andersonville restaurants, walking distance fromWestern and Lawrence Brown Line.

ZONING MAP5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


SURVEY5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


SITE MAP5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


AERIAL TENANT MAP5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


TRAFFIC COUNT MAP5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


Traffic Count Map - Close Up5132 N Western Ave, Chicago, Illinois, 60625 Prepared by Esri

Rings: 0.5, 1, 1.5 mile radii Latitude: 41.97513Longitude: -87.68915

Source: ©2015 Market Planning Solutions, Inc. July 20, 2015

©2015 EsriPage 1 of 1

DEMOGRAPHICS5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


Executive Summary5132 N Western Ave, Chicago, Illinois, 60625 Prepared by EsriRings: 0.5, 1, 1.5 mile radii Latitude: 41.97513

Longitude: -87.68915

0.5 miles 1 mile 1.5 milesPopulation

2000 Population 18,567 60,948 154,1312010 Population 16,227 53,988 138,3422015 Population 16,677 54,792 139,9282020 Population 17,085 55,681 141,8092000-2010 Annual Rate -1.34% -1.21% -1.07%2010-2015 Annual Rate 0.52% 0.28% 0.22%2015-2020 Annual Rate 0.48% 0.32% 0.27%2015 Male Population 49.4% 49.4% 50.0%2015 Female Population 50.6% 50.6% 50.0%2015 Median Age 36.3 35.5 35.0

In the identified area, the current year population is 139,928. In 2010, the Census count in the area was 138,342. The rate of change since 2010 was 0.22% annually. The five-year projection for the population in the area is 141,809 representing a change of 0.27% annually from 2015 to 2020. Currently, the population is 50.0% male and 50.0% female.

Median Age

The median age in this area is 36.3, compared to U.S. median age of 37.9.Race and Ethnicity

2015 White Alone 67.4% 66.9% 61.8%2015 Black Alone 3.9% 4.2% 5.5%2015 American Indian/Alaska Native Alone 0.6% 0.5% 0.6%2015 Asian Alone 13.7% 13.8% 15.7%2015 Pacific Islander Alone 0.1% 0.0% 0.0%2015 Other Race 10.3% 10.7% 12.2%2015 Two or More Races 4.0% 4.0% 4.3%2015 Hispanic Origin (Any Race) 23.9% 24.4% 27.4%

Persons of Hispanic origin represent 27.4% of the population in the identified area compared to 17.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 75.3 in the identified area, compared to 63.0 for the U.S. as a whole.

Households2000 Households 7,184 24,394 59,2632010 Households 6,998 23,845 58,2112015 Total Households 7,274 24,401 59,4222020 Total Households 7,486 24,883 60,4612000-2010 Annual Rate -0.26% -0.23% -0.18%2010-2015 Annual Rate 0.74% 0.44% 0.39%2015-2020 Annual Rate 0.58% 0.39% 0.35%2015 Average Household Size 2.27 2.22 2.31

The household count in this area has changed from 58,211 in 2010 to 59,422 in the current year, a change of 0.39% annually. The five-year projection of households is 60,461, a change of 0.35% annually from the current year total. Average household size is currently 2.31, compared to 2.33 in the year 2010. The number of families in the current year is 29,648 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

July 14, 2015

©2015 Esri Page 1 of 2

DEMOGRAPHICS5132-5142 N. WESTERN AVE.LINCOLN SQUARE | CHICAGO, IL


Executive Summary5132 N Western Ave, Chicago, Illinois, 60625 Prepared by EsriRings: 0.5, 1, 1.5 mile radii Latitude: 41.97513

Longitude: -87.68915

0.5 miles 1 mile 1.5 milesMedian Household Income

2015 Median Household Income $54,638 $54,339 $53,5122020 Median Household Income $63,723 $62,925 $62,0822015-2020 Annual Rate 3.12% 2.98% 3.02%

Average Household Income

2015 Average Household Income $71,912 $72,682 $72,6442020 Average Household Income $83,427 $84,181 $84,0342015-2020 Annual Rate 3.02% 2.98% 2.96%

Per Capita Income2015 Per Capita Income $31,154 $32,368 $31,0252020 Per Capita Income $36,311 $37,592 $35,9952015-2020 Annual Rate 3.11% 3.04% 3.02%

Households by IncomeCurrent median household income is $53,512 in the area, compared to $53,217 for all U.S. households. Median household income is projected to be $62,082 in five years, compared to $60,683 for all U.S. households

Current average household income is $72,644 in this area, compared to $74,699 for all U.S. households. Average household income is projected to be $84,034 in five years, compared to $84,910 for all U.S. households

Current per capita income is $31,025 in the area, compared to the U.S. per capita income of $28,597. The per capita income is projected to be $35,995 in five years, compared to $32,501 for all U.S. households Housing

2000 Total Housing Units 7,551 25,568 62,4992000 Owner Occupied Housing Units 2,425 7,951 19,1822000 Renter Occupied Housing Units 4,760 16,443 40,0812000 Vacant Housing Units 366 1,174 3,236




Currently, 32.9% of the 64,691 housing units in the area are owner occupied; 58.9%, renter occupied; and 8.1% are vacant. Currently, in the U.S., 55.7% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.6% are vacant. In 2010, there were 63,887 housing units in the area - 35.4% owner occupied, 55.7% renter occupied, and 8.9% vacant. The annual rate of change in housing units since 2010 is 0.56%. Median home value in the area is $336,633, compared to a median home value of $200,006 for the U.S. In five years, median value is projected to change by 4.70% annually to $423,477.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

July 14, 2015

©2015 Esri Page 2 of 2

MARK JONES, CCIMSENIOR VP OF INVESTMENTS


Mark Jones specializes in investment sales of multi-tenant and single tenant retail properties in his position as Senior Vice President of Investment Sales with Jameson Commercial.

Mr. Jones is well versed and able to bring a varied and vast level of knowledge and experience to his business having worked in corporate America for more than 20 years. Mr. Jones acquired extensive retail development and management experience at Mobil and Midas International. He occupied positions of increasing responsibility for land acquisition, facility development, leasing and executive management. He served as Vice President of Midas Realty Corporation and Vice President of Franchising for Midas International, having participated in the opening of over 700 Midas retail stores throughout the major markets in the U.S.

Since joining Jameson Commercial, Mr. Jones has closed on sales of well over $100 Million with a variety of national single tenants including Walgreens, Advance Auto, Burger King, PNC Bank, National Tire & Battery and Pop Eyes and product groups including land for development and recently, a $16,450,000 sale of a 115 unit apartment building in the north side of Chicago. He was recognized as Jameson Commercial’s Top Commercial Producer in 2009 and has consistently ranked among the Top Producers while at Jameson the past 11 years.

A graduate of Purdue University with a BS in Civil Engineering, Mr. Jones continued to add to his education acquiring an MBA from the University of Chicago. Upon entering the brokerage side of the business, Mr. Jones achieved the designation of Certifi ed Commercial Investment Member (CCIM). As a CCIM, Mr. Jones has completed an arduous designated curriculum with emphasis on ethics, winning negotiations and the latest techniques in fi nancial and investment analysis. CCIMs are widely recognized for their knowledge and skills in commercial investment analysis which is of major benefi t to their individual clients. Mr. Jones is also an active member of the International Council of Shopping Centers and the Chicago Association of Realtors.

(P) 312.335.3229 | (C) 312-804-5722 [email protected]

MARK KISHTOWSENIOR VP OF INVESTMENTS


Mark Kishtow specializes in the sale of multifamily and retail investment properties in his position as a Senior Vice President of Investment Sales with Jameson Commercial Real Estate. Prior to joining Jameson, Mark followed his entrepreneurial instincts after college owning and operating multiple businesses in the City of Chicago and was the Operating Managing Partner for a portfolio of Investment Properties in the Chicago land area. Mark has found the experience he gained as an owner provides him with a unique insight and expertise that he can bring to the table for his clients.

Over the past eight years in the commercial real estate industry, Mark has personally transacted or advised on aggregate sales exceeding $200 Million, this includes over 500 multifamily units and a variety of retail properties anchored by national tenants including Bank of America, Chase Bank, Starbucks, AutoZone and 7/11. His area on concentration has been Urban Chicago and the near surrounding suburbs. Mark studied Architecture and Interior Design at Chicago’s Illinois Institute of Art and he is currently enrolled to earn the Certifi ed Commercial Investment Member (CCIM) designation. Mark is also an active member of the International Council of Shopping Centers and the Chicago Association of Realtors. Mark was awarded Jameson’s Top Commercial Producer honor for the years of 2008, 2010, 2012, 2013, 2014, and 2015 and recognized by the Chicago Commercial Forum as one of its Top Producing Agents in Chicago.

(P) 312.867.2265 | (C) 773.744.7070 [email protected]

development site “mixed use”...- 2015 real estate taxes: $11,125.78 executive summary 5132-5142...

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