SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE 1620 S MICHIGAN AVE CHICAGO, IL 60616 Wayne Caplan Senior Vice President 312.529.5791 [email protected] Deena Zimmerman Vice President 312.756.7336 [email protected]
SOUTH LOOP -MICHIGAN AVERETAIL SPACEFOR LEASE1620 S MICHIGAN AVECHICAGO, IL 60616
Wayne CaplanSenior Vice [email protected]
Deena ZimmermanVice [email protected]
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 2
Highly visible Michigan avenue retail space for lease in the South Loop. Expertly developed by awardwinning CMK Companies, 1620 S Michigan Avenue features one remaining 2900 SF commercial space onthe ground floor of a 90 unit, 11 story luxury condominium building. Join existing tenants Brighter Dental,OMG Nails & Spa, and L&A Wellness. Over 80 feet of frontage on Michigan Ave.Located in one of the mostwalkable neighborhoods in Chicago with a 98/100 on Walkscore.com. Perfect location for retail, fitness ormedical/office uses.
PROPERPROPERTTY OY OVERVERVIEWVIEW
1620 S Michigan boasts one of the most convenient locations in the South Loop. The South Loop is anexciting, vibrant, growing area that is setting new standards for Chicago’s urban dwellers. Locatedimmediately south of Chicago’s Loop CBD, it’s a preferred location for those who want to live, work andplay in one dynamic area.
LLOCOCAATION OTION OVERVERVIEWVIEW
BULLETS HEADLINEBULLETS HEADLINE
• 2900 SF available• Approx. 80 ft of frontage on Michigan Ave• Ground floor of 90 residential units• Join existing Dental, Wellness and Salon/Spa tenants• Fantastic South Loop location• Many possible retail or office uses• Available immediately
Property Description
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 3
Property Name: South Loop - Michigan Ave Retail Space For Lease
Property Address:1620 S Michigan Ave, Chicago, IL 60616
Property Type: Retail
Space Available: 2900 SF
Zoning: PD
Cross Streets: 16th Street & Michigan Avenue
Year Built: 2006
Number of Stories: 11
# of Condo Units: 90
Property Details & Highlights
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 4
Location Maps
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 5
South Loop - Michigan AveRetail Space For Lease
Regional Map
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 6
Retail Aerial Map
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 7
South Loop Aerial Map
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 8
LEALEASE RASE RATE:TE: - TTOOTTAL SPAL SPAACE:CE: 2,900 SF
LEALEASE TSE TYPE:YPE: NNN LEALEASE TERM:SE TERM: -
SPSPAACECE SPSPAACE USECE USE LEALEASE RASE RATETE LEALEASE TSE TYPEYPE SIZE (SIZE (SF)SF) TERMTERM CCOMMENTSOMMENTS
1620 S Michigan Street Retail $26.00 SF/yr NNN 2,900 SF NegotiableGround Floor of 90 residential
units
Available Spaces
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 9
Site Plan
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 10
Additional Photos
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 11
POPULAPOPULATIONTION 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES
Total population 28,941 100,720 249,320
Median age 35.7 35.6 35.6
Median age (male) 35.1 35.0 35.0
Median age (Female) 36.2 36.3 36.2
HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES
Total households 14,830 46,837 122,622
# of persons per HH 2.0 2.2 2.0
Average HH income $95,456 $84,911 $93,905
Average house value $442,260 $388,006 $436,565
* Demographic data derived from 2010 US Census
Demographics Map
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 12
1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES
Total population 28,941 100,720 249,320
Median age 35.7 35.6 35.6
Median age (male) 35.1 35.0 35.0
Median age (female) 36.2 36.3 36.2
Total households 14,830 46,837 122,622
Total persons per HH 2.0 2.2 2.0
Average HH income $95,456 $84,911 $93,905
Average house value $442,260 $388,006 $436,565
* Demographic data derived from 2010 US Census
Demographics Report
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 13
940 West Adams Street, Suite 200Chicago, IL 60607T [email protected]
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Wayne Caplan is a Senior Vice President for SVN | Chicago Commercial, specializing in the sale and leasing of retail, investment and development properties. He has participated in
commercial property transactions in excess of $500 million including many high profile transactions in the Chicago area. Wayne recently achieved SVN's prestigious Partner's Circle
status for both 2014 & 2016, and was ranked number 23 & 26 respectively, among all SVN advisors nationally in gross commission volume. He also was awarded both a Platinium
and Gold Commercial Real Estate Award from the Chicago Association of Realtors for excellence in sales and leasing volume for 2014 and a Platinum award in 2016 for retail sales
volume.
Wayne’s clients range from small individual investors to large regional and national lending institutions, as well as REITs, life insurance companies, and national mixed-use
developers. Additional Awards and Recognitions include being named Rookie of the Year for Inland Real Estate Sales in 2000, a top producer at Sheldon Good & Company for six
years, and being among the top ten percent nationally of all 1800+ SVN advisors in gross commission volume for the past nine years. Active in advocacy for the commercial real
estate industry, Wayne has served as the Council Chair of Political and Regulatory Affairs for SVN. Wayne is a longtime member of the International Council of Shopping Centers
(ICSC). He also served for many years on the Chicago Association of Realtors (CAR) “Commercial Forum” committee, of which he was the 2006 Committee Chair and has served on
the prestigious Board of Directors of the 11,000+ member organization from 2008 - 2013. Wayne has also served on the Commercial Committee for the Illinois Association of
Realtors (IAR) and has served as a member of the National Association of Realtors (NAR) board of directors and on both it’s Commercial and Commercial Legislative & Regulatory
Committees. Wayne currently serves on the ICSC Government Relations Committee for Illinois. He is also active in several Chicago neighborhood groups, and serves on the Board of
Directors for The Near South Planning Board in Chicago, and Beth Hillel Congregation Bnai Emunah in Wilmette. Wayne is a contributor to charities such as the American Red Cross,
The Jewish United Fund and Streetwise. Wayne lives in Glenview, IL with his wife and two sons.
Specialties: Investment Sales, Landlord Representation, Land and Development Consulting
EDUCEDUCAATIONTION
2003 - MBA - Finance & Real Estate - Northwestern University, Kellogg Graduate School of Management
1988 - BA - Computer Science - New York University
MEMBERSHIPS & AFFILIAMEMBERSHIPS & AFFILIATIONSTIONS
2000 - Present - Member - International Council of Shopping Centers (ICSC)
2002 - Present - Member - National Association of Realtors (NAR)
2002 - Present - Member - Illinois Association of Realtors (IAR)
2002 - Present - Member - Chicago Association of Realtors (CAR)
1986 - Present - Member - Psi Upsilon Fraternity - Delta Chapter - New York University
Member - Beth Hillel Congregation Bnai Emunah - Wilmette, IL
Member - Board of Directors - The Near South Planning Board, Chicago, IL
WWAAYNE CYNE CAPLANAPLAN
Senior Vice President
Advisor Bio & Contact 1
SOUTH LOOP - MICHIGAN AVE RETAIL SPACE FOR LEASE | 1620 S MICHIGAN AVE CHICAGO, IL 60616 SVN | Chicago Commercial | Page 14
940 West Adams Street, Suite 200Chicago, IL 60607T [email protected]
PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND
Deena Zimmerman is an award-winning broker who has worked in the real estate industry since 2004. Serving as a vice president in the SVN Chicago office, Deena’s focus is in
tenant representation, specializing in finding high quality sites throughout Chicagoland and surrounding areas for national operators, franchisees, and first-time entrepreneurs.
At the beginning of her career Deena was immediately a top-producing agent at The Lord Companies, focusing on property leasing and sales. She subsequently joined Helios
Commercial Realty until they joined forces with Jameson Commercial in 2010. Prior to her transition into commercial brokerage, she worked for a real estate trade publication,
forming close relationships with downtown developers, banks, and brokerage firms.
Deena brings a consistent, positive, upbeat attitude with an honest and straightforward approach to each and every assignment. Her skills in negotiating and her attention to detail
have proven to be invaluable to all parties in a transaction. With extensive experience representing both landlords and tenants, she understands what it takes to get the transaction
completed. Deena’s commitment to her clients is unmatched, and she believes relationship building is key to her success, and that of her clients as well.
Deena has built an extensive network of contacts through her involvement in several local and national organizations. She served as 2010-2011 President of the Chicago Chapter of
the Women's Council of Realtors and in 2012 was named their member of the year. In 2012, 2013, and 2015 she was honored by Chicago Agent Magazine as one of 50 Chicago
Powerhouses in their annual “Who’s Who” issue and was the only female commercial agent chosen. In that same year, she was the recipient of the National Association of Realtors
Commercial Award. In 2013, the Illinois Association of Realtors awarded her the Outstanding Service Award.
EDUCEDUCAATIONTION
Deena is a graduate of the 2014 class of the National Association of Realtors Leadership Academy and she earned a Bachelor’s degree in Psychology from The University of
Minnesota in 1997. She spends her spare time participating in races to raise funds and awareness for Pancreatic Cancer research.
MEMBERSHIPS & AFFILIAMEMBERSHIPS & AFFILIATIONSTIONS
Women’s Council of Realtors-Chicago President 2010-2011
Mentor-Goldie Wolfe Miller Women Leaders In Real Estate Initiative 2011-present
IAR-YPN 2012 Chair, current advisory board member
IAR-2013-2014 Chair, Commercial/Industrial/Investment Committee
NAR-Director; Finance Committee member
NAR-Reserves Investment Advisory Board,2014-present, Vice Chair
NAR Leadership Academy 2014 graduate
NAR Commercial Committee
DEENA ZIMMERMANDEENA ZIMMERMAN
Vice President
Advisor Bio & Contact 2