4735_N_Damen

Location:
Neighborhood storefronts just south of the corner of Damen and Lawrence in the
Ravenswood/Lincoln Square neighborhood. Nearby businesses include Sears, Bank
One, Radio Shack, Payless, a new CVS, Budacki’s Drive-in, The Rail Bar & Grill, one
of the highest grossing Quizno’s sub shops in the city, and several coffee shops.
This site has easy access to public transportation with the Brown Line elevated train
station less than 2 blocks away, a Metra train station less than 2 blocks away and bus
routes along Lawrence and Montrose.

Demographics:
Demographics                            1.0 mile        3.0 mile
Population                                   69,628        544,019
Households                                 32,930         244,485
Median Household Income         $68,021       $71,139

Commercial Space:
The commercial space is on the 1st floor of a completely new gut rehabbed vintage 3-
story, 10-unit apartment building.

Two storefronts: 1,894sf and 1,935sf + basement storage space below 1 of the
units
Can be combined for a maximum of 3,829 sq. ft.
50’ of frontage available for signage and visibility
B3 zoning

The ideal users would be neighborhood businesses such as insurance, real estate,
travel agency or medical office or a specialty retailer.

Delivery Condition:
These spaces will be delivered as a “vanilla box”, with all new mechanical, plumbing
and electrical systems with tenant-controlled HVAC, a drywall ceiling and
plywood/concrete sub-floors ready for Tenant’s final flooring choice. Additional tenant-
specific build-out could be amortized into the lease rate by the landlord based on
tenant credit and lease term.

Lease Rate:
$20 per rentable square foot, triple net
Landlord will contribute up to $20,000 per space ($40,000 total) that can be
used for Tenant’s choice of Tenant Improvement Allowance, rent reduction
and/or rent abatement.

Real Estate Taxes, Insurance and CAM:
Real estate taxes are currently estimated at approx. $0.80 per sq ft. They are
projected to increase to approx. $2.50 per sq ft in 2009 due to reassessment.
Insurance and CAM are estimated at approx. $1.50 per sq ft.

AVAILABILITY
Immediate