SPRINGFIELD AVE PLAZA - LoopNet...we know and teach that it is God’s will for your to prosper in...

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121 Springfield Avenue | Joliet, Illinois

SPRINGFIELD AVE PLAZA

Activity ID: ID Z0370359

NO N - E ND O R S E M E N T A ND D IS C L A IM E R N O T IC E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these

matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 04

Property Overview

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 05

Tenant Summary

TIF District

Lease Expiration Chart

Operating Statement

Pricing Detail

Proposal Price

MARKET OVERVIEW 06

Market Analysis

Demographic Analysis


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4

INVESTMENT

OVERVIEW


S P R I N G F I E L D AV E P L A Z A

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INVESTMENT HIGHLIGHTS

➢ Located in Will County – Low County Taxes

➢ Priced At $75.99 PSF With A 15.83% percent Cash-on-Cash Return at List Price

➢ Within a Three-Mile Radius the Average Household Income is $66,799

➢ Surrounding Tenants include: Presence Health Care, Walgreens, Supercuts, Bakers Square,

Enterprise, Arby’s and Popeye’s Louisiana Kitchen

➢ Over 83,029 Residents within a Three-Mile Radius

Marcus & Millichap is pleased to offer this 10,199-square foot strip center located in Joliet, Illinois.

This well-maintained asset is 100 percent leased to Blaesing & Associates, Optech Orthotics,,

Farmer’s Insurance, The Dwelling Place, State Representative Larry Walsh, Jr., and Bilt Fitness. All of

the tenants operate under gross leases.

This strip center is strategically located near other commercial developments, single-family residential

homes, and apartment complexes. The property benefits from an outstanding location within a

densely populated trade area that has over 83,029 residents within three miles, and an average

household income level of $66,799. Additional traffic in the area is enhanced by employees and

residents directly across the street at Presence St. Joseph Medical Center. The property is comprised

of one parcel totaling 0.67 acres, commercial zoned, with frontage on Springfield Avenue and two

points of access. There are new sidewalks around the perimeter, and 41 paved parking spaces that

have been recently restriped and sealed. The site is situated two blocks west of Route 7 and half a

block north of Jefferson Street in Joliet, Illinois.

REGIONAL MAP


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LOCAL MAP


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AERIAL PHOTOSPRINGFIELD AVE PLAZA

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TENANT

SUMMARY

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TENANT SUMMARY

General Information

Tenant Name Donald Blaesing CPA

Website NA

Rentable Square Feet 900

No. of Locations 1

General Information

Tenant Name Optech Orthotics

Website www.optechop.com

Rentable Square Feet 1,851

No. of Locations 4


Blaesing Donald J CPA

Blaesing & Associates, CPA is a Illinois Tax Preparer. Mr. Blaesing assists

taxpayers and small businesses with taxes in Joliet, Illinois and surrounding

communities. Donald Blaesing has years of valuable experience as an IRS

registered tax payer. The services offered are tax preparation, tax planning,

bookkeeping, estate and trust taxes and more.

Optech Orthotics & Prosthetics began in 1998 with one simple plan: to provide

the most advanced custom products and the best patient care.

Since then, Optech O&P has grown throughout Chicago's southwest suburbs

with locations in Kankakee, Joliet, Orland Park, Morris, Watseka and Evergreen

Park.

Optech O&P practitioners have the skill, knowledge and compassion to work

with patients of all ages and backgrounds. From diabetic shoes inserts to a full

line of orthoses to custom prostheses, we'll work with you to find the right

product and the right fit so you can use technology to advance your lifestyle.

http://www.optechop.com/

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TENANT SUMMARY

General Information

Tenant Name Mike Cemeno Agency

Website www.farmers.com


No. of Locations 1


As your local Farmers® agent in Joliet, IL, I help customers like you identify

the insurance coverage that best fits your needs. This process is

straightforward and personalized to help make you smarter about insurance. I

have the knowledge and experience to help you better understand your

coverage options--whether that's auto, home, renters, life, business

insurance and more.

I am a lifelong resident of the Joliet area. My family has a deep tradition of

helping others in our community, in a number of ways. Most notably, through

our family's restaurant, Cemeno's Pizza, we have had the unique opportunity

to influence thousands of lives. I have also continued this tradition of service

through my ministry, Fishers of Men Joliet.

General Information

Tenant Name The Dwelling Place

Website www.thedwellingplacehop.com

Rentable Square Feet 900

No. of Locations 1

The Dwelling Place is a great place to extend a hearty welcome. God places a

tremendous value on each one of us and has gifted us with many unique

talents. Our desire and goal is to enable everyone to use their gifts in various

ministries for the cause of Christ.

We teach the uncompromised Word of God with authority and boldness. For

we know and teach that it is God’s will for your to prosper in every area of your

life, spiritually, emotionally, physically, financially and socially. I guarantee the

Word of God works and it can work for you, so we invite you to come visit The

Dwelling Place and receive your blessing.

http://www.farmers.com/

http://www.thedwellingplacehop.com/

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TENANT SUMMARY

General Information

Tenant Name State Rep Larry Walsh Jr.

Website www.ilhousedems.com


No. of Locations 1


Larry Walsh is the Illinois state representative for the 86th district. The 86th

district includes all or part of the Channahon, Elwood, Joliet, Ingalls Park,

Preston Heights and Rockdale.

General Information

Tenant Name Bilt Fitness

Website www.biltbyagassiandreyes.com


No. of Locations 1

Since 1989 when Andre Agassi and Gil Reyes collaborated to create a strength

system that would elevate Andre to the highest levels of athletic performance,

the goal has been to efficiently train for strength the safest possible way.

That philosophy has driven the innovations behind BILT by Agassi and Reyes

equipment. From the spring-enhanced weight-stack IntelliLift™ system, to the

FIBO Innovation award winning Change of Direction (C.O.D.) machine, BILT by

Agassi and Reyes innovations enable athletes to safely train for speed,

quickness and power.

http://www.ilhousedems.com/

http://www.biltbyagassiandreyes.com/


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TIF

DISTRICT

TIF District


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Tax Increment Finance (TIF) District Proposal Fact Sheet

TIF District


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Tax Increment Finance (TIF) District Proposal Fact Sheet

3. Foster the replacement, repair, construction and /or improvement of public infrastructure where needed, including public utilities, public park and recreational facilities, sidewalks, streets, curbs, gutters, underground water and sanitary systems, and storm water detention of adequate capacity to create an environment conducive to private investment; and

3. Provide resources for streetscaping, landscaping and signage to improve the image, attractiveness and accessibility of the RPA, create a cohesive identity for the RPA and surrounding area, and provide, where appropriate for buffering between different land uses and screening of unattractive service facilities such as parking lots and loading areas.

How does this affect me if my property is within the proposed TIF District? As specific TIF related programs are developed by the City, Property owners within the TIF District would be eligible for incentives aimed to encourage development or redevelopment. In addition, public infrastructure and physical improvements would provide an improved business development.

What type of Costs are eligible for TIF funding? State Statues allow TIF Funds to be utilized for a variety of purposes promoting revitalization within the district. Typical TIF expenses are identified below:

1. Costs of studies, surveys, architectural, engineering, legal, financial and planning fees. 2. The Costs of marketing sites to prospective businesses, developers and investors. 3. Property assembly costs, acquisition of land, demolition of buildings, site preparation and site

improvements. 4. Costs of rehabilitation, reconstruction, or repair or remodeling of existing public or private buildings,

fixtures and leasehold improvements. 5. Cost of the construction of public works improvements 6. Costs of job training and retaining projects 7. Financing costs, including bond expenses 8. Relocation costs

What opportunities exist for public input? The creation of a TIF District requires extensive public notice and public hearing prior to adoption. A public hearing to discuss this matter has been scheduled for 6:30 p.m. on Tuesday, January 3 at City Hall, 150 West Jefferson Street, Joliet, IL.

In addition, residents and organizations may seek to receive periodic information regarding TIF Districts by seeking placement on an “ interested party registry”. Applications for this registry may be obtained on the City website, or request from the Office of City Clerk.

What if I require additional information? For further information regarding the TIF District proposal, contact Steve Jones, Deputy City Manager/Economic Development Director at (815) 724-3734 or via [email protected].

What is Tax Increment Financing? Tax Increment Financing (also known as TIF) is an economic development tool local government may utilize for revitalization and stabilization of areas in need of enhancement. This occurs both new development, and redevelopment of properties that need to be rehabbed to meet current standards. TIF is most typically utilized to enhance commercial, industrial properties and business properties.

How Does TIF Work? When new development or redevelopment occurs within a TIF District, property values subsequently increase. This generates new property taxes revenues within the district. Through TIF, cities may use this new revenue for specific purposes to encouraging additional development. Will the proposed TIF District increase Taxes? No. TIF District designation does not result in tax increase to property owners. New taxes generated from development, rehabilitation of properties and increasing value are the source of TIF revenues.

Why is the City proposing a TIF District at this time? The City has concerns regarding the lack of redevelopment in the medical center area, and the presence of nearby commercial properties that do not meet minimum codes standards. Through development of a TIF District, the City would possess an economic tool that could spark reinvestment in this area. Presence-Saint Joseph Medical Center is a well-respected institution in the region and serves as an anchor to this immediate neighborhood. The City feels TIF would encourage new business activity.

What Benefits result from a TIF? TIF’s help local governments attract private development and new businesses. New businesses mean more jobs, more customers, and more private investment. TIF designation also helps retain existing businesses that might otherwise find more attractive options elsewhere. Without TIF benefits, a deteriorating area will not improve. Businesses do not sink capital into decaying areas and most local governments cannot afford the needed costly improvements without raising taxes. But in a TIF District, funding for improvements are generated by the businesses created with the assistance of TIF benefits.

Does Joliet have an existing TIF District? The City presently has two TIF Districts. A downtown district was created in 2001. A subsequent TIF District was created on East Cass Street in 2011.What Benefits have occurred within those TIF Districts? Both TIF Districts remain active, and as of this date, a total of eight redevelopment agreements have been implemented, with several other being discussed. Millions of dollars of private investment has occurred due to the availability of TIF incentive programs. This has created job, additional taxing value and new retail opportunities in Joliet.

What is the City’s plan with the Presence-Saint Joseph Medical Center Area TIF? The detailed report (Eligibility Study & Redevelopment Plan/Project) is available on the City website providing a detailed outline of the plan. In summary, four objectives support the overall goal of area-wide revitalization of the Presence-Saint Joseph RPA. These objectives include; 1. Facilitate the physical improvement and/or rehabilitation of existing structures and facades within

the RPA, and encourage the construction of new private development, where appropriate; 2. Facilitate and encourage development of vacant and underutilized property within the RPA,

including assembly, site preparation, and environmental clean-up where necessary, and marketing of available sites, as allowed by the Act. The City may use the TIF funds to encourage new private sector development by reimbursing developers for eligible construction costs, such as, but not limited to public improvements, demolition, environmental remediation and site preparation;

mailto:[email protected]


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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


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TENANT SUMMARY

Tenant Name Suite Sq. Ft.% Bldg.

Share

Lease

Comm.

Lease

Expiration

Annual Rent

per Sq. Ft

Total Rent

Per Month

Total Rent Per

Year

Changes

on

Changes

to

Lease

Type

Expense

Reimbursements

Renewal Options and Option

Year Rental Information

Donald Blaesing CPA 1 900 8.8% 1/1/03 7/31/21 $14.67 $1,100 $13,200 N/A N/A Gross $0 First Right of Refusal

Optech Orthotics 2 & 3 1,851 18.1% 9/24/18 9/30/20 $12.97 $2,000 $24,000 N/A N/A Gross $0 First Right of Refusal

David Rotter 4 & 5 2,095 20.5% 10/1/18 9/30/21 $11.46 $2,000 $24,000 N/A N/A Gross $0 First Right of Refusal

Mike Cemeno Agency 6 1,303 12.8% 12/1/17 11/30/20 $12.21 $1,326 $15,912 N/A N/A Gross $0 First Right of Refusal

The Dwelling Place 7 900 8.8% 11/1/17 10/31/19 $5.33 $400 $4,800 N/A N/A Gross $0 First Right of Refusal

State Rep Larry Walsh

Jr.8 1,050 10.3% 4/1/17 1/31/21 $11.43 $1,000 $12,000 N/A N/A Gross $0 First Right of Refusal

Bilt Fitness 9 & 10 2,100 20.6% 12/1/17 7/31/20 $11.43 $2,000 $24,000 N/A N/A Gross $0 First Right of Refusal

Total 10,199 $11.56 $9,826 $117,912 $0

Occupied

Tenants: 6

Unoccupied

Tenants: 0

Occupied

GLA:

100.00%

Unoccupied

GLA: 0.00%

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TENANT SUMMARYFINANCIAL ANALYSIS


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FINANCIAL ANALYSIS


OPERATING STATEMENT

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Income Current Year 1 Per SF

Scheduled Base Rental Income 117,912 117,912 11.56

Expense Reimbursement Income

Total Reimbursement Income $0 0.0% $0 0.0% $0.00

Effective Gross Revenue $117,912 $117,912 $11.56

Operating Expenses Current Year 1 Per SF

Common Area Maintenance (CAM)

Utilities 891 891 0.09

Repairs & Maintenance 4,619 4,619 0.45

Landscaping 585 585 0.06

Snow Removal 1,677 1,677 0.16

Broker Imposed Expense 4,976 4,976 0.49

Insurance 2,622 2,622 0.26

Real Estate Taxes 21,854 21,854 2.14

Management Fee 4,716 4.0% 4,716 4.0% 0.46

Total Expenses $41,940 $41,940 $4.11

Expenses as % of EGR 35.6% 35.6%

Net Operating Income $75,972 $75,972 $7.45

FINANCIAL ANALYSIS


PRICING DETAIL

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Summary

Price $758,300

Down Payment $265,405 35%

Number of Suites 7

Price Per SqFt $74.36

Gross Leasable Area (GLA) 10,198 SF

Lot Size 0.67 Acres

Year Built/Renovated 1975

Occupancy 100.00%

Returns Year 1

CAP Rate 10.02%

Cash-on-Cash 15.34%

Debt Coverage Ratio 2.15

Financing 1st Loan

Loan Amount $492,895

Loan Type New

Interest Rate 5.20%

Amortization 25 Years

Year Due 2023

Operating Data

Income Year 1

Scheduled Base Rental

Income$117,912

Total Reimbursement Income 0.0% $0 0.0%

Other Income $0

Potential Gross Revenue $117,912

General Vacancy $0

Effective Gross Revenue $117,912

Less: Operating Expenses 35.6% ($41,940) 35.6%

Net Operating Income $75,972

Tenant Improvements $0

Leasing Commissions $0

Capital Expenditures $0

Cash Flow $75,972

Debt Service ($35,270)

Net Cash Flow After Debt

Service 15.34% $40,702 15.34%

Principal Reduction $9,872

Total Return 19.06% $50,574 19.25%

Operating Expenses Year 1

CAM $12,748

Insurance $2,622

Real Estate Taxes $21,854

Management Fee $4,716

Other Expenses - Non Reimbursable $0

Total Expenses $41,940

Expenses/SF $4.11


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MARKET

OVERVIEW

JOLIET, ILLINOIS

A B O U T J O L I E T, I L L I N O I S

The

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Joliet, Illinois is a city in Kendall and Will Counties in the U.S. State of Illinois, 40 miles southwest of Chicago. It is the county seat of Will

County. At the 2010 census, the city was the fourth largest in Illinois, with a population of 147,433. The City of Joliet is the 3rd largest city in

Illinois with a population of 150,572 as of July 1, 2017. Joliet is currently the fastest-growing city in the Midwest and the 12th-fastest-

growing city in the United States among cities larger than 100,000 people.

The main attractions in Joliet’s City Center are the Harrah’s Casino, Joliet Slammers baseball (Silver Cross Field), Hollywood Casino

(formerly, Argosy Empress Casino) and the Rialto Square Theatre, the ‘Jewel of Joliet’, which has been called one of the world’s 10 most

beautiful theatres.

The Joliet area is replete with a wide range of arts and cultural venues as well as many parks and recreational facilities. The Joliet Historical

Museum chronicles the experiences of the people who settled the Joliet area and includes Route 66 Welcome Center.

Joliet is home to a professional minor league baseball team. The Joliet Jackhammers area an independent team competing in the Northern

League. The Jackhammer home stadium is Silver Cross Field, a 4,200-seat facility featuring luxury suites, a souvenir shop, a picnic area and

a playground located inside of the stadium.

Located just 40 miles southwest of downtown Chicago, Joliet enjoys outstanding access to the Chicago Metropolitan Statistical area and is

regarded as a significant transportation hub in the Midwest. Chicago’s international airports are easily accessible from Joliet. O’Hare

International Airport, the third busiest airport by passenger traffic in the world, is 45 miles from Joliet and Chicago’s Midway International

Airport is less than 40 miles.

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MARKET OVERVIEW

OVERVIEW

CHICAGO

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Chicago-Naperville-Elgin is one of the largest metros in the nation.

Also know as the greater Chicagoland area, it is bounded to the east

by Lake Michigan, expands over a 5,000-square-mile region in

northeastern Illinois and extends into Wisconsin and Indiana. The

metro houses 9.6 million people and comprises 14 counties. The city

of Chicago contains 2.7 million residents. The greatest growth during

the past 20 years occurred in the western portion of the region. In

recent years, however, businesses are relocating back into the city to

attract young workers, supporting the development of high-rise

residential towers in the downtown Chicago.

MARKET OVERVIEW

METRO HIGHLIGHTS

THIRD-LARGEST METROPOLITAN AREA

The metro population trails only New York City and

Los Angeles in size. It will expand to nearly 9.9

million residents by 2023.

WEALTH OF INTELLECTUAL CAPITAL

The number of corporate headquarters in Chicago is

second only to New York City. There are 33 Fortune

500 companies based locally.

LARGE, DIVERSE EMPLOYMENT BASE

The Chicago metro employs more than 4.7 million

individuals in an array of industries, including a

growing tech sector.


PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2017 Experian

Created on June 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 11,759 85,444 188,517

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Current Daytime Population

2017 Estimate 25,504 103,744 173,598

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 4,873 32,769 65,632

▪ 2017 Estimate


Average (Mean) Household Size 2.33 2.57 2.81

▪ 2010 Census


▪ 2000 Census


▪ Occupied Units

2022 Projection 4,873 32,769 65,632

2017 Estimate 4,981 33,387 63,729

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$150,000 or More 6.08% 4.83% 7.06%

$100,000 - $149,000 14.21% 14.29% 16.89%

$75,000 - $99,999 11.37% 13.17% 13.87%

$50,000 - $74,999 18.65% 19.79% 19.36%

$35,000 - $49,999 13.80% 14.75% 13.50%

Under $35,000 35.90% 33.17% 29.33%

Average Household Income $69,957 $66,799 $73,855

Median Household Income $50,299 $52,282 $58,577

Per Capita Income $29,481 $25,639 $25,858

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles

Total Average Household Retail Expenditure

$60,478 $62,809 $68,691

▪ Consumer Expenditure Top 10 Categories

Housing $16,671 $17,411 $18,854

Transportation $10,803 $11,238 $12,223

Shelter $10,278 $10,820 $11,704

Food $6,147 $6,469 $6,993

Health Care $4,595 $4,398 $4,714

Personal Insurance and Pensions $4,548 $5,157 $5,900

Utilities $3,195 $3,285 $3,500

Entertainment $2,412 $2,561 $2,778

Household Furnishings and Equipment

$1,645 $1,665 $1,829

Apparel $1,459 $1,610 $1,810

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2017 Estimate Total Population 11,603 83,029 175,183

Under 20 21.54% 26.83% 27.78%

20 to 34 Years 19.65% 22.60% 21.67%

35 to 39 Years 5.27% 6.50% 7.05%

40 to 49 Years 10.82% 12.33% 13.47%

50 to 64 Years 20.76% 17.62% 17.25%

Age 65+ 21.94% 14.12% 12.79%

Median Age 43.53 35.41 35.38

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 8,404 54,429 113,650

Elementary (0-8) 4.22% 5.09% 6.27%

Some High School (9-11) 5.95% 7.51% 8.35%

High School Graduate (12) 34.80% 34.52% 33.01%

Some College (13-15) 23.79% 24.35% 23.25%

Associate Degree Only 8.72% 7.38% 7.40%

Bachelors Degree Only 12.94% 12.81% 13.59%

Graduate Degree 9.08% 7.20% 6.90%

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Income

In 2017, the median household income for your selected geography is

$50,299, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 16.82%

since 2000. It is estimated that the median household income in your

area will be $57,425 five years from now, which represents a change

of 14.17% from the current year.

The current year per capita income in your area is $29,481, compare

this to the US average, which is $30,982. The current year average

household income in your area is $69,957, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 11,603. The

population has changed by 1.61% since 2000. It is estimated that the

population in your area will be 11,759.00 five years from now, which

represents a change of 1.34% from the current year. The current

population is 46.55% male and 53.45% female. The median age of

the population in your area is 43.53, compare this to the US average

which is 37.83. The population density in your area is 3,686.56 people

per square mile.

Households

There are currently 4,774 households in your selected geography. The

number of households has changed by -2.67% since 2000. It is

estimated that the number of households in your area will be 4,873

five years from now, which represents a change of 2.07% from the

current year. The average household size in your area is 2.33 persons.

Employment

In 2017, there are 9,476 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

59.11% of employees are employed in white-collar occupations in

this geography, and 41.58% are employed in blue-collar occupations.

In 2017, unemployment in this area is 7.43%. In 2000, the average

time traveled to work was 26.00 minutes.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $164,038 in 2017,

compare this to the US average of $193,953. In 2000, there were

3,101 owner occupied housing units in your area and there were

1,804 renter occupied housing units in your area. The median rent at

the time was $525.

Source: © 2017 Experian

DEMOGRAPHICS

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DEMOGRAPHICS

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P R E S E N T E D B Y

Brian Parmacek

First Vice President Investments

Director - National Retail Group

Chicago Downtown Office

Tel: (312) 624-7010

Fax: (312) 327-5410

[email protected]

License: IL 475.132220

Luke Kingsbury

Associate

Chicago Downtown Office

Tel: (312) 327-5400

Fax: (312) 327-5410

[email protected]

License: IL 475178755

www.MarcusMillichap.com

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