4860_66_N

DESCRIPTION
Located in a recently redeveloped section of Uptown, just north of Lawrence
Avenue, across from St. Boniface Cemetery. It is adjacent to the new Rainbo
Village development to the south and several new smaller mixed-use projects to
the north. This area has easy access to the vibrant Andersonville shopping and
restaurant scene ½ mile to the north on Clark Street and to the Uptown
entertainment district ½ mile east on Lawrence. It is convenient to Lake Shore
Drive for quick access to and from downtown. It is less than ½ mile to the subway
at Broadway and Lawrence or to the Metra rail station at Ravenswood and
Lawrence.

Traffic Counts:
12,000 vehicles per day (VPD) on Clark Street, 22,000 VPD on Lawrence Avenue,
27,000 VPD on Ashland Ave.

Demographics: (2008)                         1 mile                3 mile
Population                                            89,967           502,555
Households                                          43,498           227,695
Daytime Population                              63,388           346,846
Daytime Work Population                     26,770           148,512
Average Household Income                 $72,667         $76,429

Commercial Space:
There are 4 individual commercial spaces available on the ground floor in a
contemporary new construction 4-story brick building with 20 new luxury
condos/apartments above the spaces.

2 separate floorplans of approx. 1,274 SF and 1,358 SF each.
Liberal C2 zoning allows virtually all commercial uses including salons/spas
with no need for special use permits
Bars, taverns, liquor stores and restaurants that require the use of “black
iron” are not permitted, but other food uses that use toasters, convection
ovens, steam tables and other electric heating devices are permitted.

The ideal users would be spas/salons, boutique retail shops, sandwich shops,
bakeries, ice cream shops, medical/professional offices, or small showroom uses.

Delivery Condition:
This space will be delivered as a “vanilla box”, with new tenant-controlled HVAC
systems, finished ceiling, ADA complaint washrooms and concrete sub-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.

Pricing:
$2,000 - $2,150 per mo (approx. $19/SF), modified gross to lease
$249,000 - $265,000 per unit to purchase

Real Estate Taxes and Assessments:
Base year 2009 expenses for real estate taxes and common area maintenance
expenses (including building insurance) are included in the base rent. Tenant will
be responsible for their pro rata share of increases in these expenses which are
currently approx. $325-$350 per month ($1.00/SF for real estate taxes and $2.00
/SF for CAM).

Availability:
<30 days