Chicago, IL Property For Sale and Lease

•15,681 square feet/.36 acres

•Zoned RM-5, B2-3, B3-2 •2021 Property Taxes $23,284

•Currently parking lot being leased for $48,000 per year

•43 stalls

•$2,800,000

- Soaring almost 1000 feet above Wacker Drive, 311 South Wacker is a beacon for Chicago business with its illuminated crown that beams in Chicago’s skyline and its impact at the pedestrian level with its lush 5-story wintergarden and atrium and one-acre outdoor park.

- The Class A property offers unparalleled 360-degree views of the City; proximity to three major rail stations, four “L” trains, multiple bus routes and Chicago’s major highways; and access to a plethora of neighboring restaurants, boutiques, salons and personal services Chicago’s Loop has to offer.

- The recipient of Chicago’s First BOMA International TOBY award, 311 South Wacker has also been designated as a BOMA 360 Performance Building recognizing the property’s best practices in building operations and management.

- 311 South Wacker offers hospitality-services such as eight fine dining and quick casual food offerings, a 12,000 SF conference center, a 3,000 SF tenant lounge, a 7,600 SF fitness center, a 5-story wintergarden, onsite concierge services, a dry cleaner, a bike room and a heated parking garage.

- Additional services including shoe shine & repair, print shop, sundry shop, and a salon offering services such as professionally designed haircuts, manicures, pedicures, and waxing.

- 311 South Wacker offers hospitality-inspired services to help tenants transform their typical workday.

- Connect with co-workers and clients at one of the seven dining options in the building.

- Tenants at 311 South Wacker enjoy healthy lifestyles with access to two onsite fitness centers and healthy dining options. Whether you need space for an intimate group or a 160-person seminar, the 311 South Wacker Conference Center offers the perfect space to get connected.

- Seven fine dining and quick casual food offerings including Pazzo’s Mediterranean Grill, Pazzo’s Café & Carry-out, Big Shoulders Coffee, Kamehachi Café, Chipotle, Halsted Street Deli, and Elevate 46, the new café and bar on the 46th Floor

- 12,000 SF building conference center and 3,000 SF tenant lounge

- New 7,600 SF fitness center managed by LifeStart Fitness featuring a full range of free weights, treadmills, Peloton bikes, elliptical machines, group exercise classes, and personal training services

- One acre lush outdoor park with award-winning landscaping, farmers markets and summer concerts

- 5-story wintergarden lobby featuring a glass ceiling, fountain and an oasis of greenery.

- On-site concierge services and building doorman to assist with taxis, visitors, etc.

- Additional services including shoe shine & repair, print shop, sundry shop, and a salon offering services such as professionally designed haircuts, manicures, pedicures, and waxing.

- Heated parking garage for 268 vehicles with services including on-site car wash and vehicle assistance

- USPS, FedEx and UPS delivery services, ATM

- Secure bike room

- Various tenant programming events throughout the year including The Yellow Tractor Project

- Modern industrial exterior veneer stone design

- Led sensor controlled lighting

- Trench drains

- Secured, gated, lit, & paved outdoor storage

- 2 Ceiling Fans

- 400 Amps

- The property is located in the Edgewater neighborhood directly across from Rosehill Cemetery between Western Ave & Ravenswood Ave. 1900 W Peterson Ave is located 3 miles from the I-94 Peterson Avenue 4-Way Interchange. Currently functioning as showroom/office in front with warehouse in the back with a secured, lit and paved yard.

- Corporate Guaranteed NNN Walgreens - No landlord responsibilities

- Fantastic location - Densely populated region with more than 1,000,000 within a 50-mile radius from the site in the heart of Chicago

- A staple in the community having been at this location since 2009 and sits directly off I-90

- Site has a vital drive-thru and multiple points of access

- Strategically located on a corner facing lot surrounded by dense urban infill

- Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field

- Walgreens is an Investment Grade Credit Tenant, S&P rated BBB.

- This passive investment opportunity offers a qualified buyer a long term NNN, credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.

- Corporate Guaranteed NNN Walgreens

- No Landlord responsibilities

- Fantastic location - in the heart of Chicago

- Densely populated region with more than 1,000,000 within a 5-mile radius from the site

- A staple in the community having been at this location since 2009 and sits directly off I-90

- Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field

- Walgreens is an Essential Retailer and Investment - Grade Credit Tenant, S&P rated BBB.

Brisky Net Lease is pleased to offer this Applebee's in Chicago, IL. This NNN Lease has zero landlord responsibilities, 9+ years of term remaining and Applebee's 2nd largest franchisee. Investors will appreciate the opportunity to invest in a popular, highly recognizable national restaurant chain. This Applebee's has great visibility on a high traffic corner that is located within The Brickyard shopping center that includes retailers such as Home Depot, Ross, Target, Lowe's, Marshalls, Aldi, Dollar Tree, Harbor Freight and many others.

This Applebee's is located in northwest Chicago near highways 43 & 64. Located in close proximity to O'Hare International Airport and surrounded by hotels, retailers and other restaurants. Chicago is the largest city in the Midwest and the largest city on the shore of Lake Michigan as well as the third largest city in the United States behind New York and Los Angeles.

As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table. Founded in 1980, Applebee’s franchise operations consisted of 1,670 Applebee’s restaurants in the United States, two U.S. territories and 11 countries outside the United States as of September 30, 2022.

Broker of Record: Bang Realty-Illinois, Inc | Brian Brockman IL #471020548

Highlights

• Absolute NNN Lease with Zero Landlord Responsibilities

• Second Largest Applebee’s Franchisee - 130+ Units

• Great Corner Location, Visibility & Signage

• Great Market with Strong Demographics

• Located within a Larger Retail Area

• Long Term Established Tenant

-4,400 Sq. Ft. for Lease

-Highly Visible Freestanding Building

-Open Floor Plan

-Rear Space for Business Operations or Storage

-B3-1 Zoning

-Perfect for Retail i.e. Bicycle Sates and Repair Shop, Medical, -Professional Services or Office.

-$12 PSF, Modified Net

3,700 Sq. Ft.

-Open, Clear Span Space

-$10 PSF MG

-B3-1 Zoning

-Large Lit Pylon Sign Along Cicero

-Public Parking Across the Street

-.Former Motorcycle Sales and Repair Shop

- The subject property is a masonry building built in 1937 and renovated in 2002

- Property is located on north milwaukee avenue in the logan square neighborhood of chicago, near the corner of milwaukee ave. and diversey ave.

- There is a total rba of 5,700 sf with a 2,850 sf full medical-office buildout on the main level

- Five (5) exam rooms, with open space in back set up for physical therapy, lab space, private offices, and large reception (ffe available)

- There is also a rentable 2,850 sf fully-finished lower level with a portion currently being leased

- Prime location on milwaukee avenue with excellent storefront and signage

- Easy walk to "l" blue line and cta bus stops