Colliers International has been exclusively retained to market for sale the ground floor commercial condos located at 1144-48 Wilson Avenue in Chicago, IL. The Offering consists of two (2) ground floor commercial condos with parking on a signalized intersection totaling 2,400 SF and is anchored by Jimmy John’. Jimmy John’s recently executed a 5-year lease extension and the remaining space allows an investor or user to add significant value to the property. Jimmy John's 5-year lease extension is $30,000 NNN per year with 2% annual increases. Unit 1144 W. Wilson is approx. 1,200 SF and available for immediate occupancy.
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 is a laid-back residential area on Chicago’s Far North Side. North Broadway is known for its trendy cafes, jazz lounges and bars. 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 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.
