1001-1005 W Webster Ave
Chicago, IL 60614
Amazon at 1001 Webster · Retail Property For Sale

THE OFFERING Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in a new Amazon store located at 1001 West Webster Avenue in Chicago’s Lincoln Park neighborhood. This high-quality investment provides the opportunity to acquire a retail condominium leased to one of the world’s most valuable companies in one of the most dense and affluent neighborhoods in the country. HIGHLIGHTS EXCEPTIONAL CREDIT TENANT Amazon, the fourth largest company in the world by market value, is actively expanding its presence to bricks & mortar. As one of four retail locations in the city of Chicago, the Amazon store at 1001 West Webster Avenue is operating as both a fulfillment center as well as offering consumer products. Rather than delivering a package to shoppers’ home or business addresses, Amazon allows consumers to pick up their goods in a safe and contained environment that is convenient to them, often on the same day, as opposed to delivery. Amazon recently signed a new 10-year lease at 1001 West Webster Avenue thru September 2027 . UNMATCHED DEMOGRAPHIC PROFILE The subject is prominently located in the upscale Lincoln Park neighborhood of Chicago, one of the densest and most affluent areas in the country. Within a one-mile radius of the subject there are 67,000 residents with average household incomes of nearly $148,000, providing an incredibly strong demographic base for Amazon to draw on. Visibility and exposure along Webster and Sheffield are unmatched with traffic counts in excess of 20,000 vehicles per day. Moreover, the CTA Red line Fullerton station (4.1 million riders per annum) and Brown/Purple line Armitage station (1.3 million riders per annum) are both located less than a quarter of a mile from the subject offering, providing the asset outstanding access to both pedestrian and vehicular traffic. IRREPLACEABLE LOCATION Amazon is located at the southwest corner of Webster and Sheffield Avenues in the heart of Lincoln Park, directly across the street from DePaul University. With a total enrollment of over 23,000 students, DePaul University is the largest Catholic higher education institution in the country. The campus covers 36 acres in the heart of Lincoln Park and houses around 3,000 students in its residential dormitories, adding a permanent built-in customer base for the neighborhood. Whole Foods, recently acquired by Amazon, is located just a quarter-mile north of the asset, and serves the residents of the neighborhood and DePaul students. NEW CONSTRUCTION The building was recently developed in 2010, providing a modern aesthetic and no deferred maintenance issues. The property is the lower level retail space of a four-story mixed-use building with luxury condominiums above it. PRICING ASKING PRICE $2,450,000 CAP RATE 4.0% RENT: $98,000