Ozgur Ozar - Commercial Real Estate Showcase

Property Description: Storefront

Sale Notes:
CB Richard Ellis, as exclusive agent, is pleased to announce the opportunity to acquire 2417-33 N Clark Street, a 19,533 square foot retail condominium that is 75% leased to a strong mix of national and nonnational retailers. The ability to lease up the one existing 5,000 sf vacancy is projected to generate an additional $126,000 of income increasing the cap rate from 7% to 8.6%. Highlights of the offering are as follows:

- Irreplaceable location rarely available for sale; excellent long term investment.
- Just north of the Clark/Fullerton intersection, a prominent and well known intersection on Chicago’s north side.
- Located one block west of Lincoln Park, just off the Fullerton Avenue interchange of Lakeshore Drive.

- The property is located along a major retail thoroughfare with many national retailers in the immediate vicinity including Starbucks, New Balance, Five Guys, Caribou Coffee, Urban Outfitters, Hair Cuttery,
Bank of America, Chase, Einstein, Citibank and more.
- Existing tenant line-up includes a strong mix of local tenants, some of which have been at this location since the early 1990’s.

- Over 65,000 residents within a one-mile radius and nearly 200,000 within a two-mile radius.
- The average household income within a one-mile radius of the property is $114,181 and the average housing value is $569,163.
- The immediate population is highly educated with over 87% having at least their Bachelor’s degree and over 97% being employed in a white collar profession.