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$$$$$$$ ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download