Offering Memorandum - LoopNet.com

2245 WEST IRVING PARK ROAD | CHICAGO, IL 60618NORTH CENTER COMMERCIAL CONDO

Jameson Commercial Real Estate425 W. North Ave | Chicago, IL 60610jamesoncommercial.com

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

FOR SALE$300,000

TONY SCHILLACICommercial Broker(O) 773.491.2572 | [email protected]

ASKING PRICE: $300,000

NOI: $22,965

CAP RATE: 7.6%

YEAR BUILT: 2008

ZONING: B 3-2

PROPERTY DESCRIPTION

Commercial Condo for sale located in the desirable North Center. North Center is surroundedby great restaurants and retailers. Irving Park road includes very strong VPD & pedestriantraffic and located in close proximity to Lincoln Ave and Horner park. Landlord responsible forRE taxes & condo assessments, lease available upon request.

PROPERTY HIGHLIGHTS

• North Center investment

• Strong business presence in the community

• Approx. 1100 SF on the first floor of this 4 unit building

• Less than 1 year remaining on the lease with a 3 year option

• RE Taxes 2018 (14-19-102-040-1001) 10,443.00

• Lease rental rate at fair market value

• Zoned B3-2

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2245 WEST IRVING PARK RD

EXECUTIVE SUMMARY

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ZONING MAP

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AERIAL TENANTS MAP

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TONY SCHILLACI

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereofand it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.

(O) [email protected]

With over 25 years of real estate experience, Tony’s background includes creating and building his ownsuccessful development and general contracting companies. He has managed real estate acquisitions anddevelopment in excess of $65 million, and has performed $46 million of contracting work. This wide range ofexperience enables Tony to provide his clients with an invaluable multi-dimensional vantage point. The majorityof his work has been tenant improvement, specialized development, and consulting with companies includingNewcastle Ltd., Belgravia Group, Vapor for Life, and MSRP Industries.

Tony’s extensive construction knowledge enables him to determine a project’s feasibility based on cost versusvalue, to help clients envision a project as a whole. He has also managed and negotiated complex contracts forclients and company-owned properties such as FedEx, Starbucks, Digital Home Technologies, Partex Industriesand Strategic Financial Services. From identifying, evaluating and negotiating commercial opportunities, todevelopment and construction consultation, Tony serves as a trusted advisor and advocate. He has built areputation as a hard-working and straightforward real estate professional who utilizes his experience andtalents to identify and close on prime opportunities for his clients. Tony is a member of the Rotary One Club ofChicago, Greater Northwest Chicago Development Corporation, Home Builders Association of Greater Chicagoas well as CAR (Chicago Association of Realtors).

https://www.youtube.com/watch?v=qlhCUkgYas0

Offering Memorandum - LoopNet.com

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