313 W Chestnut St

Investment Highlights

Zoned C1-3 Neighborhood Commercial District, which allows for a variety of uses Median household income of $116,000 (1-mile radius) exceeds state and Chicago median income levels Premier Urban Infill Location in River North/Old Town Dense, Affluent Downtown Chicago Demographics CTA Brown and Purple Line Station ?0.4 miles from $1.7 billion Bally's casino development (Chicago & Halsted)

Executive Summary

The subject property is located at 313 West Chestnut Street, Chicago, IL 60610 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this flex industrial building - re-development opportunity. This is an urban industrial building located in Chicago?s dense River North/Oldtown neighborhood. Featuring a 2-story building, ?13,750 SF GLA, and ?5,660 SF site. The subject property is zoned M1-3, 1000 to 1500 volts of power, 20' ceiling-first floor, rubber roof, two internal parking spaces, and is situated in a mixed commercial and residential city setting. 313 West Chestnut Street is situated between Chicago's vibrant Old Town neighborhood and River North Gallery District and is adjacent to the new North Union mega-development by JDL Development. When completed, the North Union Development will span 8.2 acres and consist of 2.9 million square feet of new construction, 2,656 new residential units, and 2.5 acres of public open space (MBRE). The property presents the unique opportunity to acquire a stand-alone industrial building in the River North/Old Town neighborhood.

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    3,866
• Building Class    C
• Year Built    1994
• Price    94,900
• Price Per SF    25
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.23
• Land Acres    0.39 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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