south loop - michigan ave retail space for lease · south loop - michigan ave retail space for...

SOUTH LOOP -MICHIGAN AVERETAIL SPACEFOR LEASE1620 S MICHIGAN AVECHICAGO, IL 60616

Wayne CaplanSenior Vice [email protected]

Deena ZimmermanVice [email protected]

SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial |

Highly visible Michigan avenue retail space for lease in the South Loop. Expertly developed by awardwinning CMK Companies, 1620 S Michigan Avenue features one remaining 2900 SF commercial space onthe ground floor of a 90 unit, 11 story luxury condominium building. Join existing tenants Brighter Dental,OMG Nails & Spa, and L&A Wellness. Over 80 feet of frontage on Michigan Ave.Located in one of the mostwalkable neighborhoods in Chicago with a 98/100 on Walkscore.com. Perfect location for retail, fitness ormedical/office uses.

PROPERPROPERTTY OY OVERVERVIEWVIEW

1620 S Michigan boasts one of the most convenient locations in the South Loop. The South Loop is anexciting, vibrant, growing area that is setting new standards for Chicago’s urban dwellers. Locatedimmediately south of Chicago’s Loop CBD, it’s a preferred location for those who want to live, work andplay in one dynamic area.

LLOCOCAATION OTION OVERVERVIEWVIEW

BULLETS HEADLINEBULLETS HEADLINE

• 2900 SF available• Approx. 80 ft of frontage on Michigan Ave• Ground floor of 90 residential units• Join existing Dental, Wellness and Salon/Spa tenants• Fantastic South Loop location• Many possible retail or office uses• Available immediately

Property Description


Property Name: South Loop - Michigan Ave Retail Space For Lease

Property Address:1620 S Michigan Ave, Chicago, IL 60616

Property Type: Retail

Space Available: 2900 SF

Zoning: PD

Cross Streets: 16th Street & Michigan Avenue

Year Built: 2006

Number of Stories: 11

# of Condo Units: 90

Property Details & Highlights


Location Maps


South Loop - Michigan AveRetail Space For Lease

Regional Map


Retail Aerial Map


South Loop Aerial Map


LEALEASE RASE RATE:TE: - TTOOTTAL SPAL SPAACE:CE: 2,900 SF

LEALEASE TSE TYPE:YPE: NNN LEALEASE TERM:SE TERM: -

SPSPAACECE SPSPAACE USECE USE LEALEASE RASE RATETE LEALEASE TSE TYPEYPE SIZE (SIZE (SF)SF) TERMTERM CCOMMENTSOMMENTS

1620 S Michigan Street Retail $26.00 SF/yr NNN 2,900 SF NegotiableGround Floor of 90 residential

units

Available Spaces


Site Plan


Additional Photos


POPULAPOPULATIONTION 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

Total population 28,941 100,720 249,320

Median age 35.7 35.6 35.6

Median age (male) 35.1 35.0 35.0

Median age (Female) 36.2 36.3 36.2

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

Total households 14,830 46,837 122,622

# of persons per HH 2.0 2.2 2.0

Average HH income $95,456 $84,911 $93,905

Average house value $442,260 $388,006 $436,565

* Demographic data derived from 2010 US Census

Demographics Map


1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

Total population 28,941 100,720 249,320

Median age 35.7 35.6 35.6

Median age (male) 35.1 35.0 35.0

Median age (female) 36.2 36.3 36.2

Total households 14,830 46,837 122,622

Total persons per HH 2.0 2.2 2.0

Average HH income $95,456 $84,911 $93,905

Average house value $442,260 $388,006 $436,565

* Demographic data derived from 2010 US Census

Demographics Report


940 West Adams Street, Suite 200Chicago, IL 60607T [email protected]

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Wayne Caplan is a Senior Vice President for SVN | Chicago Commercial, specializing in the sale and leasing of retail, investment and development properties. He has participated in

commercial property transactions in excess of $500 million including many high profile transactions in the Chicago area. Wayne recently achieved SVN's prestigious Partner's Circle

status for both 2014 & 2016, and was ranked number 23 & 26 respectively, among all SVN advisors nationally in gross commission volume. He also was awarded both a Platinium

and Gold Commercial Real Estate Award from the Chicago Association of Realtors for excellence in sales and leasing volume for 2014 and a Platinum award in 2016 for retail sales

volume.

Wayne’s clients range from small individual investors to large regional and national lending institutions, as well as REITs, life insurance companies, and national mixed-use

developers. Additional Awards and Recognitions include being named Rookie of the Year for Inland Real Estate Sales in 2000, a top producer at Sheldon Good & Company for six

years, and being among the top ten percent nationally of all 1800+ SVN advisors in gross commission volume for the past nine years. Active in advocacy for the commercial real

estate industry, Wayne has served as the Council Chair of Political and Regulatory Affairs for SVN. Wayne is a longtime member of the International Council of Shopping Centers

(ICSC). He also served for many years on the Chicago Association of Realtors (CAR) “Commercial Forum” committee, of which he was the 2006 Committee Chair and has served on

the prestigious Board of Directors of the 11,000+ member organization from 2008 - 2013. Wayne has also served on the Commercial Committee for the Illinois Association of

Realtors (IAR) and has served as a member of the National Association of Realtors (NAR) board of directors and on both it’s Commercial and Commercial Legislative & Regulatory

Committees. Wayne currently serves on the ICSC Government Relations Committee for Illinois. He is also active in several Chicago neighborhood groups, and serves on the Board of

Directors for The Near South Planning Board in Chicago, and Beth Hillel Congregation Bnai Emunah in Wilmette. Wayne is a contributor to charities such as the American Red Cross,

The Jewish United Fund and Streetwise. Wayne lives in Glenview, IL with his wife and two sons.

Specialties: Investment Sales, Landlord Representation, Land and Development Consulting

EDUCEDUCAATIONTION

2003 - MBA - Finance & Real Estate - Northwestern University, Kellogg Graduate School of Management

1988 - BA - Computer Science - New York University

MEMBERSHIPS & AFFILIAMEMBERSHIPS & AFFILIATIONSTIONS

2000 - Present - Member - International Council of Shopping Centers (ICSC)

2002 - Present - Member - National Association of Realtors (NAR)

2002 - Present - Member - Illinois Association of Realtors (IAR)

2002 - Present - Member - Chicago Association of Realtors (CAR)

1986 - Present - Member - Psi Upsilon Fraternity - Delta Chapter - New York University

Member - Beth Hillel Congregation Bnai Emunah - Wilmette, IL

Member - Board of Directors - The Near South Planning Board, Chicago, IL

WWAAYNE CYNE CAPLANAPLAN

Senior Vice President

Advisor Bio & Contact 1


940 West Adams Street, Suite 200Chicago, IL 60607T [email protected]

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Deena Zimmerman is an award-winning broker who has worked in the real estate industry since 2004. Serving as a vice president in the SVN Chicago office, Deena’s focus is in

tenant representation, specializing in finding high quality sites throughout Chicagoland and surrounding areas for national operators, franchisees, and first-time entrepreneurs.

At the beginning of her career Deena was immediately a top-producing agent at The Lord Companies, focusing on property leasing and sales. She subsequently joined Helios

Commercial Realty until they joined forces with Jameson Commercial in 2010. Prior to her transition into commercial brokerage, she worked for a real estate trade publication,

forming close relationships with downtown developers, banks, and brokerage firms.

Deena brings a consistent, positive, upbeat attitude with an honest and straightforward approach to each and every assignment. Her skills in negotiating and her attention to detail

have proven to be invaluable to all parties in a transaction. With extensive experience representing both landlords and tenants, she understands what it takes to get the transaction

completed. Deena’s commitment to her clients is unmatched, and she believes relationship building is key to her success, and that of her clients as well.

Deena has built an extensive network of contacts through her involvement in several local and national organizations. She served as 2010-2011 President of the Chicago Chapter of

the Women's Council of Realtors and in 2012 was named their member of the year. In 2012, 2013, and 2015 she was honored by Chicago Agent Magazine as one of 50 Chicago

Powerhouses in their annual “Who’s Who” issue and was the only female commercial agent chosen. In that same year, she was the recipient of the National Association of Realtors

Commercial Award. In 2013, the Illinois Association of Realtors awarded her the Outstanding Service Award.

EDUCEDUCAATIONTION

Deena is a graduate of the 2014 class of the National Association of Realtors Leadership Academy and she earned a Bachelor’s degree in Psychology from The University of

Minnesota in 1997. She spends her spare time participating in races to raise funds and awareness for Pancreatic Cancer research.

MEMBERSHIPS & AFFILIAMEMBERSHIPS & AFFILIATIONSTIONS

Women’s Council of Realtors-Chicago President 2010-2011

Mentor-Goldie Wolfe Miller Women Leaders In Real Estate Initiative 2011-present

IAR-YPN 2012 Chair, current advisory board member

IAR-2013-2014 Chair, Commercial/Industrial/Investment Committee

NAR-Director; Finance Committee member

NAR-Reserves Investment Advisory Board,2014-present, Vice Chair

NAR Leadership Academy 2014 graduate

NAR Commercial Committee

DEENA ZIMMERMANDEENA ZIMMERMAN

Vice President

Advisor Bio & Contact 2

south loop - michigan ave retail space for lease · south loop - michigan ave retail space for...

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