For Sale - LoopNet
[Pages:7]For Sale
Value Add Redevelopment Opportunity
9840-9950 W LAWRENCE AVE, SCHILLER PARK ILLINOIS
6.13 AC
294
187,100 VPD
0.92 AC
42,000 VPD
45
17,600 VPD
W LAWRENCE AVE
Multiple Use Options:
OFFICE - RETAIL - HOTEL - INDUSTRIAL
LOCATION HIGHLIGHTS
? Excellent value add opportunity in the heart of O'Hare.
? Multiple building-top signage opportunities with I-294 exposure
? Premium submarket location across the street from ? Currently zoned C-2 - Community Shopping District
O'Hare International Airport and less than 1 mile to I-294, I-90 interchange
(6.13 AC) & C-3 Highway Commercial District (0.92 AC), TIF district
? Access to public transportation
? Centrally located with efficient access to metropoli-
tan Chicago, Wisconsin, and Indiana
? Potential Class 6b or 7b tax designation
? 1.5 miles to Rosemont restaurants, hotels & attractions ? Daytime population of over 120,000 in Rosemont/
Schiller Park market
? 8 minutes to O'Hare Airport's South Cargo Terminal
? 4/1000 parking
? 30 minutes from downtown Chicago
Brian Colson
630 691 0619
b c o ls o n@h i f f m a n.c o m
Jack Reardon
630 693 0647
j re a rd o n@h i f f m a n.c o m
?2018 NAI Hiffman. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
ONE OAKBROOK TERRACE SUITE 400 OAKBROOK TERRACE IL 60181 630 932 1234
@NAIHIFFMAN
The Market
The Schiller Park/Rosemont trade area is located in Cook County, Illinois immediately northwest of Chicago. While land area and population are relatively small compared to other municipalities in the Chicago Metropolitan Area, this area is a major center for commerical activity in the region and is a key component of I-90's "Golden Corridor".
Due to its proximity to several interstates, O'Hare International airport, and downtown Chicago, it has emerged as a significant edge city and entertainment district with numerous corporate facilities, over 13-million square feet of office space, nearly 50 restaurants and over 15 hotels. The area also includes the 840,000-square foot Donald E Stephens Convention Center, the 18,500 seat Allstate Arena, the 4,400 seat Rosemont Theatre, the 130 store Fashion Outlets of Chicago, the new 6,300 seat stadium Impace Field, and the entertainment complex Parkway Bank Park - home to many restuarants and attractions. Rivers Casino is also nearby in Des Plaines.
O'Hare International Airport: There are approximately 40,000 badged airport employees in and out of O'Hare International Airport with over 66 million passengers flying through Chicago O'Hare International Airport each year.
Pearl District: New development of a restaurant, entertainment, and boutique hotel complex located on Pearl Street, south of Balmoral Avenue and east of Interstate 294. The complex is expected to be complete in 2019.
Industrial Devleopment: The south-east corner of O'Hare Airport, encompassing parts of Schiller Park and Franklin Park, have seen many new industrial developments in the past several years.
190
O'HARE INT'L AIRPORT
Industrial Development
42,000 VPD 187,100 VPD
Pearl District
90
Hotels
Rosemont Theatre
Hyatt Regency O'Hare
Donald E Stephens Convention Center
MB Financial Park
Fashion Outlets of Chicago
Industrial District
17,600 VPD
294
1 mile
Office and Retail Redevelopment Opportunity
CONCEPTUAL RETAIL /OFFICE COMPLEX
CONCEPTUAL NEW RETAIL /RESTAUR ANT
Proposed Retail
EXISTING OFFICE
RETAIL C PAD
RETAIL B
3,000 SF
RETAIL A
3,000 SF
EXISTING OFFICE
EXISTING OFFICE
EXIST. BLDG
3,000 SF PROPOSED
RETAIL
3,000 SF PROPOSED
RETAIL
Existing Office Square Footage:
? 202,810 above grade ? 262,841 gross (inclusive of basements)
Hotel and Retail Redevelopment Opportunity
CONCEPTUAL HOTEL /RETAIL COMPLE X
CONCEPTUAL NEW RETAIL /RESTAUR ANTS
Suites Hotel
Suites Hotel
SuiteHsotel
Aerial View from Mannheim & Lawrence
Street View from I-294
Retail/Restaurants A, B & C HOTEL/OFFICE ABOVE
(oRreFtraeeil/-Rstaensdt PCad) RestauRraentatsil/A&B
Proposed new developments:
? A & B: 6,000 SF divisible, possible drive-thru ? C: Free-stand pad availability (5,640 SF shown)
Location Highlights
? Excellent exposure and visibility to vehicle and pedestrian traffic
? Outstanding demographics coupled with an additional 100,000+ daytime employees
? Over 42,000 vehicles flow through the intersection on Lawrence and Mannheim
? Easy ingress/egress enhancing customer vehicle flow
? O'Hare airport creates a 24/7 work week with 40,000 employees
? Existing traffic signalization at Mannheim & Lawrence
Mannheim Road Frontage Rendering
294
Suites Hotel
Suites Hotel
Industrial Redevelopment Opportunity
PROPOSED FACILITY
PROPOSED SITE L AYOUT
49'-1"
33'-0"
10'-0"
MANNHEIM ROAD
13
14
61'-0" 13'-10"
10'-0"
13
12
210'-0"
150'-0" (3) BAYS @ 50'-0"
D.I.D.
60'-0"
60'-0"
70'-0"
PROPOSED FACILITY 89,847 SQ.FT.
(17) EXTERIOR
DOCKS
432'-0" (8) BAYS @ 54'-0"
(78) CAR PARKING STALLS
12
14
D.I.D.
PROPOSED DETENTION
(T.B.D.)
SCOTT STREET
10'-0"
33'-0" 12'-0"
LAWRENCE AVENUE
? 6.13 AC (267,023 SF) site area ? 89,847 SF building area ? 17 exterior docks ? 2 drive-in doors
? 444 car parking (including east parcel)
? 32' clear height ? F.A.R.: 0.29
TRI-STATE TOLLWAY
6.13 AC (267,023 SF) site
0.92 AC (40,075 SF) site
Demographics
Demographic Trend Report
Demographic Overview9840 W Lawrence Ave, Schiller Park, IL 60176
Building Type: Land Class: RBA: -
Typical Floor: -
1-MILE
Total Available: 0 SF 3-MI%LELeased:5-0M%ILE
Rent/SF/Yr: -
1 Mile Radius
Description
2010
2018
Population
6,743
6,875
Age 0 - 4
468 6.94%
465 6.76%
Age 5 - 9
370 5.49%
429 6.24%
Age 10 - 14
337 5.00%
386 5.61%
Age 15 - 19
413 6.12%
358 5.21%
Age 20 - 24
DemAogger2a5p-h2ic9 Trend Report
515 7.64% 628 9.31%
404 5.88% 524 7.62%
Age 30 - 34
600 8.90%
587 8.54%
Age 35 - 39
9840 W Lawrence 4A8v1e, S7c.1h3il%ler Park, IL 60157562 8.03%
BuildAigneg 4T0yp-e4:4Land AgeC4l5as-s4:9-
Total Ava4i4la8ble6: .604S%F % L4e5a4sed6: .703%%
491 7.14% 447 6.50%
DemAogger5aR0pB-hA5i:c4-Trend Report
Rent/5S1F0/Yr7: .5-6%
443 6.44%
TypAicgael F55loo- r5:9-
450 6.67%
454 6.60%
Age 60 - 64 Age 65 - 69
330 4.89%
412 5.99%
9840 W Lawrence 2A1v3e, S3c.1h6il%ler Park, IL 60137263 4.70%
DDePemosAApcggoueerliga77pt50ritoia--on77pnb94hy RicacTe r(Heisnpdansic)Report
1-2m10,115i1497le0835
2.86%
ra2d.1iu9%s
2021284 3.26%
1,195069 2.27%
AWgheite80 - 84
1,140621 912..5716%%
1,170787 913..5079%%
DDEeSsABCcglaRerciIkp8P5tT+iIoOnN
20128300481012..2451%%
2200111148821 12..6135%%
PoApmu.laIntidoinan & Alaskan
6,74430 2.54%
6,87455 2.36%
DemAAogsggieearn0a15p-+4hic Trend Report
5,546985 8620..953492%%
5,549657 8160..373867%%
DemAHoggagewera5a2i0pi-a+9hn i&cPTarceifnicdIsRlaendpeor rt
5,1357603 7560..41969%%
5,2432794 760..122741%%
AOggtheee16r05+- 14
9840 W Lawrence 37A342v708e,1S501c..097h078il%%ler Park, IL 6013978236635 1351..468313%%
DDPHPPHeeooooossOHAABAAAAAAAAMW$$$$$$$ ................
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