The subject property is located half a mile east of the famous “Six Corners” intersection of Milwaukee, Damen and North Avenues and positioned directly on the highly traveled intersection of North and Ashland Avenues. The Property is also less than half a mile from Wicker Park Commons, a 142,253 SF Lifestyle Center that is anchored by Jewel (Alberstons NYSE: ACI) and Lowe’s.
With a population of ±260,000 residents within a 2-mile radius, the retail space will service a densely populated area within Chicago. The surrounding neighborhoods are some of Chicago’s most beloved and desired for homeowners and renters alike. The neighborhood has a strong demographic profile that includes an average household income of $170,000 within 1-mile of the subject property.
The property was a former bank with a drive-thru. A newly formed landlord partnership now allows the property to be redeveloped into a larger build-to-suit opportunity to incorporate a second level of parking and a larger rentable square footage.
The property is located in the popular neighborhood of Wicker Park and is centrally located on a signalized intersection of two major roadways with excellent visibility when traveling east/west along North Avenue and north/south on Ashland. The property is also conveniently located one block from the Kennedy Expressway (I-90/94) on/off ramps on North Avenue.