FOR SALE Opportunity to Purchase an Existing Auto Repair ... · MATTHEW TARSHIS Executive Vice...
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MATTHEW TARSHIS Executive Vice President JASON LENHOFF Vice President jlenhoff@frontlinerepartners.com (P) 847.567.0258 [email protected] (P) 847.780.8063 (C) 847.542.9058 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice. Frontline Real Estate Partners frontlinerepartners.com 477 Elm Place Highland Park, IL 60035 OFFERING SUMMARY Sale Price: $400,000 Cap Rate: 10.5% NOI: $42,000 Lot Size: 0.22 Acres Building Size: 1,920 SF Zoning: B3-2 Combined Traffic Count: 25,200 Price / SF: $208.33 PROPERTY OVERVIEW This is an opportunity to purchase an approximate 9,375 SF lot with an existing automotive repair shop along West 47th Street. The property is surrounded by national tenants including being bordered by Aldi & McDonald's. Other neighboring retailers include Fifth Third Bank, Walgreens, Dollar Tree, Family Dollar, Marshall's, Popeye's, Little Caesars Pizza, America's Best Contacts & Eyeglasses & many more. In addition to rental income from the current tenant, there is additional income from a billboard that generates $2,500 per year. This could be an ideal redevelopment for a single tenant user in the future. LOCATION OVERVIEW The subject property is located one block east of the intersection of Ashland Avenue and 47th Street, in the Back of the Yards neighborhood of Chicago and approximately 5 miles from Midway Airport, Chicago's second major airport. Conveniently located within a half mile of the Dan Ryan (I-94) & 47th St full interchange. The Stevenson (I-55) is located a few miles to the north from the subject property. There is an abundance of daytime population due to the extensive industrial buildings that populate this area. EXECUTIVE SUMMARY Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's 1500-1506 W 47th Street | Chicago, IL 60609 FOR SALE
Transcript of FOR SALE Opportunity to Purchase an Existing Auto Repair ... · MATTHEW TARSHIS Executive Vice...
MATTHEW TARSHIS Executive Vice President
JASON LENHOFF Vice [email protected] (P) 847.567.0258
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
OFFERING SUMMARY
Sale Price: $400,000
Cap Rate: 10.5%
NOI: $42,000
Lot Size: 0.22 Acres
Building Size: 1,920 SF
Zoning: B3-2
Combined Traffic Count: 25,200
Price / SF: $208.33
PROPERTY OVERVIEW
This is an opportunity to purchase an approximate 9,375 SF lot with an existingautomotive repair shop along West 47th Street. The property is surrounded by nationaltenants including being bordered by Aldi & McDonald's. Other neighboring retailersinclude Fifth Third Bank, Walgreens, Dollar Tree, Family Dollar, Marshall's, Popeye's, LittleCaesars Pizza, America's Best Contacts & Eyeglasses & many more. In addition to rentalincome from the current tenant, there is additional income from a billboard thatgenerates $2,500 per year.
This could be an ideal redevelopment for a single tenant user in the future.
LOCATION OVERVIEW
The subject property is located one block east of the intersection of Ashland Avenue and47th Street, in the Back of the Yards neighborhood of Chicago and approximately 5 milesfrom Midway Airport, Chicago's second major airport. Conveniently located within a halfmile of the Dan Ryan (I-94) & 47th St full interchange. The Stevenson (I-55) is located afew miles to the north from the subject property.
There is an abundance of daytime population due to the extensive industrial buildingsthat populate this area.
EXECUTIVE SUMMARY
Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's
1500-1506 W 47th Street | Chicago, IL 60609
FOR SALE
MATTHEW TARSHIS Executive Vice President
JASON LENHOFF Vice [email protected] (P) 847.567.0258
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
RETAILER MAP
Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's
1500-1506 W 47th Street | Chicago, IL 60609
FOR SALE
MATTHEW TARSHIS Executive Vice President
JASON LENHOFF Vice [email protected] (P) 847.567.0258
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
LOCATION MAPS
Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's
1500-1506 W 47th Street | Chicago, IL 60609
FOR SALE
MATTHEW TARSHIS Executive Vice President
JASON LENHOFF Vice [email protected] (P) 847.567.0258
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
SITE PLAN
Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's
1500-1506 W 47th Street | Chicago, IL 60609
FOR SALE
MATTHEW TARSHIS Executive Vice President
JASON LENHOFF Vice [email protected] (P) 847.567.0258
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
POPULATION 1 MILE 3 MILES 5 MILES
Total population 34,137 331,558 934,974
Median age 26.0 30.1 31.0
Median age (Male) 26.7 28.9 29.3
Median age (Female) 25.5 31.3 32.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 9,505 98,399 306,012
# of persons per HH 3.6 3.4 3.1
Average HH income $37,953 $44,403 $51,394
Average house value $219,930 $245,629 $275,893
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP &REPORT
Opportunity to Purchase an Existing Auto Repair Shop Adjacent to Aldi & McDonald's
1500-1506 W 47th Street | Chicago, IL 60609
FOR SALE
