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1148 W. Wilson, Uptown, Chicago, IL 60640

1148 W. Wilson, Uptown, Chicago, IL 60640 1148 W. Wilson, Uptown, Chicago, IL 60640 1148 W. Wilson, Uptown, Chicago, IL 60640 1148 W. Wilson, Uptown, Chicago, IL 60640 1148 W. Wilson, Uptown, Chicago, IL 60640 1148 W. Wilson, Uptown, Chicago, IL 60640

Property Overview

Price/Rent PSF $ 499,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available Inquire
Date Available 10/26/2021
Additional URL Link
Parking 1
Floors 4
Building size 13750
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Description

Location
Historically a very popular tourist destination, the Uptown Entertainment District is home to various music venues, nightclubs, restaurants and shops. The Uptown Entertainment District is now experiencing a revival, with new restaurants and shops opening every year. Uptown Square, at the center of the Uptown Entertainment District, was designated as a National Historic District on the National Register of Historic Places in 2000. Uptown is a laid-back residential area on Chicago’s Far North Side. North Broadway is known for its trendy cafes, jazz lounges and bars.




Sale
Colliers International has been exclusively retained to market for sale the ground floor commercial condo located at 1148 Wilson Avenue in Chicago, IL. The Offering consists of a ground floor commercial condo with parking on a signalized intersection. Jimmy John’s recently executed a 5-year lease extension. Jimmy John's 5-year lease extension is $30,000 per year with a 2% annual increase.


Located at the base of a 12-unit apartment complex, the Uptown neighborhood and Truman College provide an excellent customer base for the ground floor commercial condos. More than 1,100 units will have been delivered to this neighborhood within a 24-month period, demonstrating the explosive growth to this neighborhood of Chicago.



Situated in the Uptown Theater District, the property is across from Truman College with an enrollment of more than 19,000 students. The property is just steps to the Wilson Red Line stop that caters to a mass-transit customer base, providing significant foot traffic in front of the property. The NEW CTA Wilson Red Line ‘L’ station serves over 2 MILLION riders annually and the CTA #36 Broadway/Wilson bus route with over 4 MILLION total riders annually.




Lease
Colliers International has been exclusively retained to market for sale the ground floor commercial condo located at 1148 Wilson Avenue in Chicago, IL. The Offering consists of a ground floor commercial condo with parking on a signalized intersection. Jimmy John’s recently executed a 5-year lease extension. Jimmy John's 5-year lease extension is $30,000 per year with a 2% annual increase.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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