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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 FOR LEASE
SOUTH LOOP /ROOSEVELT ROADCORRIDORRETAIL SPACEFOR LEASE1250 S. MICHIGANCHICAGO, IL 60605
Wayne CaplanSenior Vice [email protected]
Deena ZimmermanVice [email protected]
OFFERING SUMMARY
Available SF: 2,092 SF
Lease Rate: $35.00 SF/yr (NNN)
Property Size: 9,152 SF
Zoning: DX-12
Market: Chicago
Submarket: South Loop
Fantastic retail space available in Chicago's bustling South Loop/Roosevelt Road corridor. Approx 2092 SF space on theground floor of 1250 S. Michigan, a 29 floor, 228 unit luxury condo building. Previously a condo sales-center, this ready togo space is fully built out and ready to go for a new tenant. Existing improvements include 8 offices, a full kitchen, 1-ADAcompliant bathroom, and full distributed HVAC and utilities. Immediate area co-tenancy includes Jewel-Osco, Starbucks,Trader Joe's, Bank of America, Walgreens, Jimmy John's, UPS Store, Eleven City Diner, Bongo Room and Go Grocer to namea few. Steps to Grant Park, the CTA Roosevelt Road station, which has 2.5 million annual riders, and thousands of existingand under-construction apartments and condos. Great visibility and signage opportunities. Indoor parking available forTenants. Immediate availability.
PROPERTY OVERVIEW
Located in the South Loop in arguably the hottest area of downtown Chicago for both residential and retail growth. Theproperty sits in the Roosevelt Road retail corridor, one of Chicago's most popular and vibrant shopping destinations, andis centrally located among thousands of South Loop residents with approx 3000 new or under construction homes withinsteps. 1 block from the new 40,000 SF Rush University Medical Center. Close to Lake Shore Drive, Soldier Field, theMuseum Campus, and walking distance from the Loop CBD.
LOCATION OVERVIEW
Property Summary
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 2All SVN® offices are independently owned and operated.
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 3All SVN® offices are independently owned and operated.
LEASE HIGHLIGHTS
• Ground Floor of 228 unit luxury condo building
• +/- 2092 SF - ready to go with existing infrastructure
• Proximate to Soldier Field, Grant Park, Museum Campus, & CTA Roosevelt Rd
station
• Steps to thousands of new and existing homes, and many high traffic
generating retailers
• Great immediate area co-tenancy including Jewel, Walgreens, Starbucks, Trader
Joes, Bank of America
• One block from new 40,000 SF Rush University Medical Center
• Highly visible space with 25' of frontage on Michigan Ave
• Dense, high income demographics over $105,000/yr average household income
in immediate area
• Indoor Parking available
• Immediate availability
Property Highlights
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 4All SVN® offices are independently owned and operated.
South Loop / Roosevelt RoadCorridor Retail Space
Regional Map
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 5All SVN® offices are independently owned and operated.
Location Maps
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 6All SVN® offices are independently owned and operated.
Area Retailer & Development Map
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 7All SVN® offices are independently owned and operated.
South Loop Retailer Map
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 8All SVN® offices are independently owned and operated.
LEASE RATE: $35.00 SF/YR TOTAL SPACE: 2,092 SF
LEASE TYPE: NNN LEASE TERM: Negotiable
SPACE SPACE USE LEASE RATE LEASE TYPE SIZE TERM COMMENTS
1250 S. Michigan Space A Street Retail $35.00 SF/yr NNN 2,092 SF Negotiable 25' of frontage on Michigan Ave
Available Spaces
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 9All SVN® offices are independently owned and operated.
Site Plan
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 10All SVN® offices are independently owned and operated.
Floor Plan
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 11All SVN® offices are independently owned and operated.
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 8,715 27,073 53,480
Median age 34.1 34.4 35.1
Median age (Male) 33.8 34.4 34.9
Median age (Female) 34.4 34.5 35.4
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 4,952 14,340 27,478
# of persons per HH 1.8 1.9 1.9
Average HH income $105,546 $102,327 $102,607
Average house value $433,908 $428,643 $424,383
* Demographic data derived from 2010 US Census
Demographics Map
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 12All SVN® offices are independently owned and operated.
Interior Photos
SOUTH LOOP / ROOSEVELT ROAD CORRIDOR RETAIL SPACE | 1250 S. MICHIGAN CHICAGO, IL 60605 SVN | Chicago Commercial | Page 13All SVN® offices are independently owned and operated.
Interior Photos
