TOM SVOBODA
Senior Associate +1 312 935 1481 [email protected]
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
4410 N CLARK STREETFOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
4410 N CLARK ST Chicago, Illinois
SITE
AERIAL
Montrose Ave Montrose Ave Montrose Ave 12,800 VPD 12,800 VPD 12,800 VPD 19,000 VPD 19,000 VPD 19,000 VPD 10,250 VPD 10,250 VPD 10,250 VPD 17,900 VPD 17,900 VPD 17,900 VPD Sunnyside Ave Sunnyside Ave Sunnyside Ave Clark St Clark St Clark St Southport Ave Southport Ave Southport Ave Irving P ark Irving P ark Irving P ark Ashland Ave Ashland Ave Ashland Ave Lake MichiganLake MichiganLake MichiganLake Shore Drive Lake Shore Drive
Lake Shore Drive
41 Wrigley Field Wrigley Field Wrigley Field SITE
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FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
4410 N CLARK ST Chicago, Illinois
Well Positioned Redevelopment Site
4410 N Clark St. is a 10,000 square foot redevelopment site. The property is located between two notable northside Chicago
neighborhoods, Uptown and Ravenswood. Strong Neighborhood Zoning
The site has a B1-3 zoning and is fully entitled for a 25-unit
market-rate apartment building. Ownership has received a building permit for a 4 story, Type III-B Construction, wood frame building. Although multi-family is the highest and best redevelopment use for the property, the B1-3 zoning allows alternative uses such as retail, hospitality, general commercial, and office.
Site Work Being Completed
Current ownership has demolished the existing building and is currently preparing the site for excavation/foundation and the vertical development.
EXECUTIVE
SUMMARY
CBRE, AS SOLE AND EXCLUSIVE AGENT, IS PLEASED TO ANNOUNCE THE OPPORTUNITY TO ACQUIRE 4410 N CLARK ST., CHICAGO, IL.
+ + ±10,000 sqft
+ Zoned B1-3 Neighborhood Shopping District
* Fully entitled for 25 apartment units * 4 story, wood frame building
* Renderings, floor plans, and elevations
available upon request
+ Ward 47, Alderman Matthew Martin
+ Ravenswood & Uptown area
+ Traffic Counts:
10,250 vehicles per day on Clark St 2,800 vehicles per day on Montrose Ave
+ Parcel Number: 14-17-120-025
+ Taxes: $20,414.14
+ Please call broker for pricing
PROPERTY
HIGHLIGHTS
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
Montrose Ave Montrose Ave Montrose Ave Clark St Clark St Clark St SITE SITE
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
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PROPERTY
SURVEY
PROPER
TY ADDRESS:
POINTS OF INTEREST
BUYER: SELLER: CER
TIFIED TO: CLIENT NUMBER: DA TE: SURVEY NUMBER: FIELD WORK DA TE: REVISION DA TE(S):
This is page 1 of 2 and is not valid without all pages.
2002.5013 4410 N CLARK STREET , CHICAGO, ILLINOIS 60640 02/28/20 2/25/2020 . // // 195.75' 50.22' 188.74' 1 STORY BRICK COMM. BLDG. #4410 50.68' S 89°56'02" E 196.33' (M) N 89°56'02" W 204.22' (M) L1 33.0' BLK 23 9935 SQ.FT.± LOT 9 BLK 23 LOT 11 BLK 23 BLDG 2.1' E
BLDG 1.2' E CONC. CURB & GUTTER
50.25' (R&M) S 9°06'52" E BLDG 0.6' N GARBAGE CORAL CONC. S/W ALLEY (20' R/W) TABLE: L1 50.00' (R) N 0°05'02" W 49.61' (M) 92.46' (R)
NORTH R/W LINE OF MONSTROSE AVENUE
LOT 10 IN BLOCK 23 IN RAVENSWOOD IN THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 40 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
0.8'
BLDG ON LINE
N
COUNTY OF LaSALLE ILLINOIS PROFESSIONAL LAND SURVEYOR No. 2971 LICENSE EXPIRES 11/30/2020
}
SS
THIS IS TO CERTIFY THAT THIS PROFESSIONAL SERVICE CONFORMS TO THE CURRENT ILLINOIS MINIMUM STANDARDS FOR A BOUNDARY SURVEY. GIVEN UNDER MY HAND AND SEAL THIS 28TH DAY OF FEBRUARY, 2020 AT 1568 HOLIDAY DRIVE, SANDWICH, IL 60548. EXACTA LAND SURVEYORS PROFESSIONAL DESIGN FIRM 184008059-0008 PROFESSIONAL LAND SURVEYOR SANDWICH, IL
035-002971 A T S F EO T R R A W D N E IN S O I L I L N O S N H OJ . STATE OF ILLINOIS 11.. BB UU IILL DD IINN GG OO VV EE RR PP RR OO PP EE RR TT YY LL IINN EE
THE ABOVE SUR
VEY IS A PROFESSIONAL SER
VICE IN COMPLIANCE WITH THE
MINIMUM ST
ANDARDS OF THE ST
A
TE OF ILLINOIS. NO IMPROVEMENTS
SHOULD BE MADE ON THE BASIS OF THIS PLA
T ALONE. PLEASE REFER
ALSO TO YOUR DEED, TITLE POLICY AND LOCAL ORDINANCES. COPYRIGH
T
BY EXACT
A ILLINOIS SUR
VEYORS. THIS DOCUMENT MA
Y ONL
Y BE USED BY
THE P
AR
TIES TO WHICH IT IS CER
TIFIED. PLEASE DIRECT QUESTIONS OR
COMMENTS TO EXACT
A ILLINOIS SUR
VEYORS, INC. A
T THE NUMBER IN THE
BOTTOM RIGHT CORNER.
(REV .0 2/28/2020) 50.60’ 50.22’ 188.74’ 195.75’ N C L A R K S T R E E T W MONTR OSE A VENE
Montrose AveMontrose Ave
Montrose Ave
Clark St Clark St
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
PROJECT ARCHITECT 2RZ INC 1629 N ELSTON CHICAGO, ILLINOIS 60642 4410 APARTMENTS 4410 N CLARK CHICAGO, IL
CURRENT
PLAN
4410
N CLARK GENERAL ZONING
SIZE ZONING (Notable But Not USES
Limited To)
FAR FAR SF
ALLOWED
LOT AREA PER DWELLING UNIT
LOT AREA PER EFFICIENCY UNIT (Max 20% of Project) 9,935 sf B1-3 Residential, Mixed-Use, General Commercial, Retail, Office 3 29,805 400 sf/DU 300 sf/EU USE MULTI-FAMILY
DENSITY RETAIL PARKING HEIGHT CONSTRUCTION
Multi-Use, Multi-Family,
Retail 25 units 2,565 sf 14 stalls
59’6”
4 Stories Wood FrameType III-B
Link to current plans
or request plans and renderings from broker
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LOCATION
OVERVIEW
N C la rk St W Wilson Ave W Addison St W Montrose Ave W Lawrence Ave N D a m e n A v e N B roa dw a y St Irving Park N W e st e rn A v e evA dn al hs A N N M a rine D r Lak e Sh o re D riv e N Lin co ln A ve dR na dir eh S N ev A do o ws ne va R N ev At ro pht uo S N N La k e Sh o re D r ev A dl eif fe hS N tS detsl a H N N N L in co ln A ve N C la rk St W Wilson Ave W Addison St W Montrose Ave W Lawrence Ave N D a m e n A v e N B roa dw a y St Irving Park N W e st e rn A v e ev A dn al hs A N N M a rine D r Lak e Sh o re D riv e N Lin co ln A ve dR na dir eh S N ev A do o ws ne va R N ev A t ro pht uo S N N La k e Sh o re D r ev A dl eif fe hS N tS detsl a H N N N L in co ln A ve N C la rk St W Wilson Ave W Addison St W Montrose Ave W Lawrence Ave N D a m e n A v e N B roa dw a y St Irving Park N W e st e rn A v e evA dn al hs A N N M a rine D r Lak e Sh o re D riv e N Lin co ln A ve dR na dir eh S N ev A do o ws ne va R N ev At ro pht uo S N N La k e Sh o re D r ev A dl eif fe hS N tS detsl a H N N N L in co ln A ve S T19 £ ¤41 £ ¤41 Ravenswood Ravenswood Sydney R. Marovitz Golf Course Sydney R. Marovitz Golf Course Sydney R. Marovitz Golf Course© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. MOS 380904 06/2/2020
12,800 VPD 12,800 VPD 12,800 VPD 17,900 VPD17,900 VPD17,900 VPD 19,000 VPD 19,000 VPD 19,000 VPD 13,200 VPD 13,200 VPD 13,200 VPD 9,050 VPD 9,050 VPD 9,050 VPD 8,650 VPD8,650 VPD8,650 VPD 25,600 VPD25,600 VPD25,600 VPD 12,100 VPD 12,100 VPD 12,100 VPD 10,250 VPD 10,250 V PD 10,250 VPD 133,600 VPD133,600 VPD 133,600 VPD Damen Damen Montrose Montrose Irving Park Irving Park Sheridan Sheridan Wilson Wilson St. Augustine College St. Augustine College Wrigley Field Wrigley Field Lawrence Lawrence SITE 4410 N CLARK ST Chicago, Illinois
FOR SALE
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
NEIGHBORHOOD
MAP
Montrose Ave Montrose Ave Montrose Ave
Lake Shore Drive Lake Shore Drive
Lake Shore Drive Lake MichiganLake MichiganLake Michigan Clark St Clark St Clark St Ashland Ave Ashland Ave Ashland Ave Wilson Ave Wilson Ave Wilson Ave Lawrence Ave Lawrence Ave Lawrence Ave Paulina St Paulina St Paulina St 41
DEMOGRAPHIC
SNAPSHOT
DEMOGRAPHICSNAPSHOT 1 MILE 3 MILES 5 MILES
Population 80,628 481,266 1,006,974
Average Household
Income $104,921 $109,678 $109,001
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LOCATION
MAP
Wood Dale
Park Ridge Mount Prospect
Elk Grove Village
Des Plaines Westchester Villa Park Schiller Park River Grove Melrose Park Maywood Franklin Park Elmhurst Bensenville Bellwood Addison Oak Park Forest Park Cicero Berwyn
La Grange ParkBrookfield
Skokie Norridge Niles Morton Grove Lincolnwood Lincoln Park Logan Square Uptown Edgewater Evanston Chicago O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT Wood Dale Park Ridge Mount Prospect
Elk Grove Village
Des Plaines Westchester Villa Park Schiller Park River Grove Melrose Park Maywood Franklin Park Elmhurst Bensenville Bellwood Addison Oak Park Forest Park Cicero Berwyn
La Grange ParkBrookfield
Skokie Norridge Niles Morton Grove Lincolnwood Lincoln Park Logan Square Uptown Edgewater Evanston Chicago O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT Wood Dale Park Ridge Mount Prospect
Elk Grove Village
Des Plaines Westchester Villa Park Schiller Park River Grove Melrose Park Maywood Franklin Park Elmhurst Bensenville Bellwood Addison Oak Park Forest Park Cicero Berwyn
La Grange ParkBrookfield
Skokie Norridge Niles Morton Grove Lincolnwood Lincoln Park Logan Square Uptown Edgewater Evanston Chicago O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT O’HARE INTERNATIONAL AIRPORT
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290 S T83 S T19 S T50 S T58 S T72 S T171 S T43 S T83 S T43 £ ¤12 £ ¤14 £ ¤41© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. MOS 380904 06/2/2020
L A K E M I C H I G A N SITE 4410 N CLARK ST Chicago, Illinois
FOR SALE
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
o Offer price
o Earnest money deposit amount
o Due diligence period and total timing to close
o General description of intended use, plans for the site o Financial strength
o Please put all offers in writing and submit to CBRE
OFFER
GUIDELINES
Please reach out to CBRE for any questions or interest as it relates to this offering. If interested in the acquiring the property, please submit an LOI with the following (but not limited to) details included:
Montrose Ave Montrose AveMontrose Ave Sunnyside Ave Sunnyside Ave Sunnyside Ave Wilson Ave Wilson Ave Wilson Ave Clark St Clark St Clark St Ashland Ave Ashland Ave Ashland Ave Lake MichiganLake MichiganLake Michigan
Lake Shore Drive Lake Shore Drive Lake Shore Drive 41
4410 N CLARK ST Chicago, Illinois
FOR SALE
CHICAGO DEVELOPMENT OPPORTUNITY
CONTACT
US
© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.
TOM SVOBODA
Senior Associate +1 312 935 1481 [email protected]