3505_n_ashland

DESCRIPTION

This site is located at the northeast corner of Cornelia and Ashland, 3 blocks
north of the 6-way intersection of Lincoln, Belmont and Ashland and less
than 1 mile from Wrigley Field. Ashland Ave is the main north-south transit
route through Lincoln Park and Lakeview up to Andersonville. It is less than
3 blocks to the Paulina Brown Line El station and 3 blocks to the Southport
shopping corridor.

Traffic Counts, Demographics

27,000 vehicles per day on Ashland
2nd most trafficked CTA bus route (#9) in the city with 10 million rides
per year.

Demographics                      1.0 mile                  3.0 mile
Population                              65,217                    543,379
Households                            34,422                    254,865
Employees                             23,6141                  82,878
Median Household Income    $79,948                  $55,445

Commercial Space

This commercial space is located on the corner at street level of this modern
5-story building with 22 luxury condos above. This space would be suitable
for a coffee shop/café, specialty retailer, professional office, or small
showroom and includes the following features:

Approx. 2,500 rentable sq ft, divisible into 2 spaces.
C1 zoning allows virtually all business and commercial uses

Delivery Condition

This space will be delivered as a “vanilla box”, with an open ceiling and
concrete floors ready for Tenant’s final flooring choice. Tenant-specific
build-out could be amortized into the lease rate by the landlord based on
tenant credit and lease term.

LEASE RATE

$28 - $30 per rentable square foot, triple net

Pass-through

To be determined (new), estimated at $6 - $8 per q ft.

AVAILABILITY

Fall 2007