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Chad Schroedl312.756.7329 [email protected]
Adam [email protected]
*Potential rendering for conceptual purposes
WEST VAN
BUREN
West Loop Retail/Office Flex Space 845
Leasing Highlights
• Excellent street-level space in highly desirable West Loop
• Spaces ideal for a variety of uses ranging from retail to office
• Competitive TI packages available
• Timber & beam construction space with high ceilings and glass storefront
• Located 1 block from UIC and Halsted Blue Line CTA Station
• Easily accessible to 90/94 Expressways
• Surrounded by notable developments and high density
• Exterior signage available 2
LEASING OVERVIEW
Leasing Summary
Retail Space: 5,500 RSF
Min Divisibe: ~1,400 RSF
Asking Rent: $25/SF NNN
Zoning: DX-5
Sub-Market: West Loop
3
Retail Unit Overview
Size: 5,500 SF
Asking Rent: $25/SF NNN
Est. Pass Thrus: $8/SF
Existing Condition: 2nd Generation
FLOOR PLAN - RETAIL
*Plans not to scale
Van
Bur
en
CLICK HERE FOR VIRTUAL TOUR
4
Unit Overview
Size: 5,500 SF
Min Divisible: ~1,400 SF
Asking Rent: $25/SF NNN
Est. Pass Thrus: $8/SF
Existing Condition: 2nd Generation
FLOOR PLAN - MULTI TENANT RETAIL
*Plans not to scale
Van
Bur
en
SUITE A
SUITE B
SUITE A
JANITOR’S CLOSET
MECH
SPACE PHOTOS
5
The West Loop/Fulton Market is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country and recently ranked by TimeOut as one of the top 20 coolest neighborhoods in the world. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.
The area has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Michelin Star rated Blackbird, Elske, Roister, Oriole, Smyth & The Loyalist and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, Nando’s and Roti. Other well-known dining options include Girl and the Goat, Little Goat, Monteverde, Beatrix, Swift and Sons, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec.
The neighborhood’s international reputation continues to grow with the expansion of Google’s Midwest headquarters, and the opening of McDonald’s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and Ace Hotel. Other companies calling the West Loop home include Uber, Ernst & Young, WPP, LinkedIn and Twitter. High-end retailers are also recognizing the area’s potential with the recent additions of Anthropologie, Free People, Billy Reid, Aesop and Blue Mercury.
Excellent public transportation options including Metra train access at Ogilvie and UnionStation combined with one of the city’s newest CTA stations with an annual ridership of almost 1 million passengers yearly. The Morgan and Lake station will continue to attract businesses and residents alike, making the West Loop one of Chicago’s most exciting and desirable neighborhoods.
To learn more about the West Loop, visit our blog at: www.westloopreport.com.*DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP
6
WEST LOOP DESCRIPTIONMEDIAN AGE
AVERAGE INCOMEPER HOUSEHOLD
ESTIMATED POPULATION
ESTIMATEDDAYTIME
POPULATION
33 $135,000
52,00094,000
940+
NEIGHBORHOODHOTEL ROOMS
2018 MICHELINRECOGNIZED RESTAURANTS
15
VACANCY RATESF UNDER CONSTRUCTIONAND PROPOSED/APPROVED
OFFICE SFCOMING TO MARKET
OFFICE SF EXISTING IN MARKET
9.3% 17M
9.5 M9.6 M
1,490
HOTEL ROOMS UNDER CONSTRUCTION
AND PROPOSED/APPROVED
MULTI-FAMILY UNITS UNDER CONSTRUCTION AND PROPOSED/APPROVED
4,800
NEIGHBORHOOD SNAPSHOT
WEST LOOP MARKET ANALYSIS
5
GRAND
HUBBARD
KINZIE
CARROLL
FULTON
LAKE
RANDOLPH
WASHINGTON
MADISON
MONROE
ADAMS
JACKSON
VAN BUREN
OGDEN
AD
A
ELIZ
AB
ETH
RA
CIN
E
MA
Y
AB
ERD
EEN
CA
RP
ENTE
R
MO
RG
AN
SAN
GA
MO
N
PEO
RIA
GR
EEN
HA
LSTE
D
DES
PLA
INES
JEFF
ERSO
N
CLI
NTO
N
CA
NA
L
VAN BUREN
JACKSON
VAN BUREN
JACKSON
ADAMS ADAMS
MONROE MONROE
MADISON MADISON
WASHINGTON WASHINGTON
RANDOLPH RANDOLPH
LAKE
FULTON FULTON
CARROLL
KINZIE KINZIE
GRAND GRAND
OG
DEN
HUBBARD HUBBARD
WAYMAN WAYMAN
MILW
AUKEE
MILWAUKEE
KINZIE
ARBOUR
HA
LSTE
DH
ALS
TED
GR
EEN
PEO
RIA
SAN
GA
MO
N
MO
RG
AN
MO
RG
AN
CA
RP
ENTE
R
AB
ERD
EEN
AB
ERD
EEN
MA
Y
RA
CIN
E
RA
CIN
E
WIL
LAR
D
ELIZ
AB
ETH
AD
A
THR
OO
PLO
OM
IS
LAFL
INLO
OM
ISN
OB
LE
LAFL
IN
JUST
INE
CA
NA
L
CLI
NTO
N
JEFF
ERSO
NJE
FFER
SON
DES
PLA
INES
DES
PLA
INES
UN
ION
UN
ION
SKINNER PARKMARY
BARTELMEPARK
UNION PARK
HERITAGEGREENPARK
FULTONRIVERPARK
WORLD HQ
FORNO ROSSOPIZZERIA A
NTH
RO
PO
LOG
IE
LA SARDINE
COLD STORAGE
CITY MOUSE
AES
OP
NEXT
RO
ISTE
R
SMYTH &THE LOYALIST
BLUE PLATE
GYU-KAKUWES
T LO
OP
ATH
LETI
C C
LUB
PET CAREPLUS
BAD AXETHROWING
FREE PEOPLE
FULTON MARKETKITCHEN
PUNCH BOWLSOCIAL
KU
MA
’S
THE
PU
BLI
CA
N
GU
S’S
WO
RLD
FA
MO
US
FRIE
D C
HIC
KEN
WEWORK
CA
SPER
CITY WINERY
COREPOWERYOGA
VCA ANIMALCARE CENTER
SHAKESHACK
ALH
AM
BR
A
PALA
CE
REVELFULTON MARKET
BARTAKITO
UM
AM
I BU
RG
ER
OGDEN AUTOMOTIVE
CENTER
FULTONFIT HOUSE
LYON &HEALY HARPS
THE PRESSROOM
AR
T +
SC
IEN
CE
SALERNO’S
MART ANTHONY
BU
TTER
FLY
SUSH
I
TERRY’STOFFEE BENNETT
DAY SCHOOL
ADMMILLING
LESLIE HINDMANAUCTIONEERS
JOH
NN
Y’S
IC
E H
OU
SE
PEORIAPACKING
THEMADISONGROUNDSWELL
CR
OSS
RO
AD
SB
AR
& G
RIL
L
THIR
DR
AIL
BU
TTER
FLY
SUSH
I
MONTEVERDERESTAURANT
HM DAYSPA
NIA
SUSH
I DO
KK
U
WEST LOOPVET
THEPARKER
LA JO
SIE
TAN
OSH
I
AU
CH
EVA
LB
AD
HU
NTE
R
LONEWOLF
NOBUHOTEL M
AU
DE’
S
BONCI
CR
OSS
TOW
NFI
TNES
S
SKY
LIN
ESM
ILES
HER
O
CO
FFEE
BA
R
PO
OC
H
HO
TEL
CHICAGO CHILDREN’S
THEATER
SKINNER WESTELEMENTARY
HUBBARD STREETDANCE
SHER
WIN
WIL
LIA
MS
WHITNEY M YOUNGMAGNET HIGH SCHOOL
WISE OWLDRINKERY
GROUND UP COFFEE
OXY
GEN
SPA
STU
DIO
MORGANSTREETCAFE
PAW
N
ATU
RA
LS
JAZ
ZY
FLO
WER
S
ON YOUR MARK
TRAINING
GR
EAT
AM
ERIC
AN
BA
GEL
PIN
OT’
S PA
LETT
E
VIA
GG
IO
RES
TAU
RA
NT
NO
HEA
CA
FE
SNIP
PET
’SM
INI C
UTSTHE GARDNER
SCHOOL
FOR
MEN
TO’S JP
GR
AZ
IAN
O
BIL
LY R
EID
GREEN STREETSMOKED MEATS
BASE SALON
PAGE ONEPILATES
CIA
OC
AFE
BIL
LY G
OA
T TA
VER
N
HAROLD’S CHICKEN
SHACK
CHICAGO POLICETRAINING DIVISION
SOUL CITY CHURCH
JC LICHTTRUE VALUE
M2CAFE
MELICAFE 9 MUSES
ARTROPOLISBAKERY
MR GREEKGYROS
ATHENA ARKADIAWEST LOOP
PILATESPRO WORKS
SANTORINIDUGAN’S
SQUARE ROOTSKITCHEN
FIFTH THIRDBANK
SUPERCUTS
MOMOTARO
LIMITLESS
PAGODARED
GREEN STREETLOCAL
MERIT SCHOOL OF
MUSIC
EL C
HE
BA
R
G2SALON
BLVD
FM H
AIR
ST
UD
IO
PRIMOSPIZZA
TACO BURRITOKING
LA SCAROLAPICCOLO
SOGNO
HAIR CUTTERY
MO
NEY
GU
N
SEPIA CHICAGO FRENCH MARKET
OGILVIETRANSPORTATION
CENTER
MADISONTAVERN
BLACKWOOD BBQ
NAF NAF GRILL
HASTEDSTREET DELI
IDOF
UNION STATION
LOU
M
ITC
HEL
L’S
BLACKIES
TITLEBOXING
RICHARD’S BAR
D’A
MA
TO’S
BA
KER
Y
BLI
ND
BA
RB
ER
THE AVIARY
BIG CITY CROSS FIT
GIBSON’SITALIA
STELIO’S
KINTONRAMEN
JOE’
S IM
PO
RTS
MAKO
ASRAIGARDEN
PR
INC
I
THE
FRO
NT
RO
OM
OM
ASA
KE
YU
ME
NORTHWESTERNIMMEDIATE CARE
POLITAN ROWFOOD HALL
TRAMMELCROWOFFICE
ELLA
’S
CO
RN
ER
KUMIKO
BURGERBARON
TWISTED SPOKE
VINNIE’SSUB SHOP
CITYHALL
BESPOKECUISINE
RIC
AR
DO
OST
ERIA
SMALL CHEVAL
DOUGHNUT VAULT
LE PAIN QUOTIDIEN
THE ALLIS FOX BAR
SAWADA
HIGH FIVE RAMEN
VEG
GIE
GR
ILL
DIR
TY R
OO
T
TALA
Y C
HIC
AG
O
MA
DIS
ON
VIN
E V
INE
WIN
ES
SOLID CORE
ASADITO
BOMBACIGNO’S
ENA
MEL
D
ENTA
L ST
UD
IO
LA LAGARTIJA TAQUERIA
HERITAGEBIKES & COFFEE
WEWORK
7
NOTABLE AREA TENANTSAVERAGE INCOMEPER HOUSEHOLD
RETAILNOTABLE RETAIL TENANTS
HOTELSNOTABLE HOTEL TENANTS
OFFICENOTABLE OFFICE TENANTS
1K FULTON +210 N CARPENTER
• Located at 1000 W Fulton & 210 N Carpenter• Current homes of Google’s Midwest HQ• Estimated total Google employee
population of 2,000• Google occupies approximately 366,000 SF
at 1K Fulton and an additional 100,000 SF at 210 N Carpenter
• Sources told Crain’s the firm is running out of room in these two buildings, and could be looking to build its total footprint in the area to some 1 million square feet
RANDOLPH WEST• Located at 110 N Carpenter
• Home of McDonald’s Global HQ
• McDonald’s occupies 485,000 SF
• Estimated employee population of 2,000
THE GOOGLE EFFECT
THE MCDONALD’S EFFECT
8
1K FULTON 210 N CARPENTER
110 N CARPENTER
RESTAURANTSNOTABLE RESTAURANT TENANTS
1020 W Madison 820 W Lake 809 W Randolph 108 N Green 834 W Fulton1000 W FultonMonteverde Momotaro Girl & The Goat Parlor Pizza Bar BeatrixSwift & Sons
9
RETAILNOTABLE RETAIL TENANTS
HOTELSNOTABLE HOTEL TENANTS
844 W Lake 113 N GreenThe Hoxton Hotel Soho House Chicago
311 N Morgan 725 W Randolph854 W Randolph 113 N MayNobu Hotel Chicago Ace Hotel Equinox Hotel Hyatt Hotel
OFFICENOTABLE OFFICE TENANTS
Twitter16,000 SF
Pepsico413,000 SF
Dyson40,000 SF
Boeing600,000 SF
SC Johnson280,000 SF
Walgreens200,000 SF
849 W Randolph 167 N SangamonUncommon James Lululemon Local
845 W Randolph 924 W Randolph1000 W Randolph 1101 W RandolphAnthropologie Billy Reid Bluemercury Free People
SVN Chicago Commercial 940 West Adams Street, 2nd Floor
Chicago, Illinois 60607
www.svnchicago.com
All SVN® Offices Independently Owned & Operated.
The information listed in this brochure has been obtained from sources we believe to be reliable, however we accept no
responsibility for its correctness.
Chad Schroedl312.756.7329
Adam Thomas847.219.6383
*Potential rendering for conceptual purposes
