Pre-Listed New Retail Space Available in Skokie (Off Market)


E&M Strategic Development Skokie Property

 

Description: Here is an opportunity to lease in the base of the new Homewood Suites Hotel in Skokie on the prominent corner of Oakton & Niles. The space is divisible to possibly 2 – ~5,000sf restaurants and a 2,130 retail use. It’s adjacent to a new residential development site with plans to build 92 loft style dwellings.

Expected delivery date: Summer/Fall 2020

Size: 12,150sf

Demographics

2018 total Population:

1 mile – 25,796

3 mile – 159,591

5 mile – 640,941

Median HH income:

1 mile – $63k

3 mile – $78k

5 mile – $69k

Average age:

1 mile – 41

3 mile – 42

5 mile – 39

Traffic: between 9,000 – 16,000 cars a day

Location: Oakton & Niles Avenue, Skokie, IL 60077

 

 

Office Space Available in River North – 33 W. Grand/515 N. Dearborn


Office Space Downtown

 

Description: Here is a great full floor tenant opportunity! The space currently features a mix of existing perimeter offices and open areas for workstations. The landlord will contribute a TI package to modify and refresh the space to a qualified tenant. The elevators, corridors and lobby are currently being upgraded. There is Comcast Fiber Internet available in building as well as a new tenant lounge. This space is less than 2 blocks from the blue, brown, green, pink and orange line trains.

Size:
4,000 – 8,400sf – 5th floor
4,000 – 8,400sf – 2nd floor
16,800 sf total available space
$29.50/sf MG

 

Demographics:
Population: 400,694
Households: 215,890
Average Age: 36.40
Median HH Income: $93,934
Daytime Employees: 810,832
Population Growth ’19-’24: 3.4%
Household Growth ’19-’24: 3.3%

 

Location:33 West Grand Avenue, Chicago, IL/ 515 North Dearborn Street, Chicago, IL

Retail Space Available in River North – 33 W. Grand/515 N. Dearborn


Office Space Downtown

 

Description: Prime Corner retail space in the heart of River North. This is a great opportunity for a restaurant, bar, coffee shop, etc. with lots of natural light and a ton of foot traffic. It is also less than 2 blocks from the blue, brown, green, pink and orange line trains.

Size:
2,700sf

 

Demographics:
Population: 136,118
Households: 83,751
Average Age: 37.80
Median HH Income: $98,991
Daytime Employees: 535,558
Population Growth ’19-’24: 6.5%
Household Growth ’19-’24: 6.2%

 

Location:33 West Grand Avenue, Chicago, IL/ 515 North Dearborn Street, Chicago, IL

351 W Hubbard/414 N Orleans


commercial real estate. Broker. leasing.New space. Chicago buildings. Retail Space. Rental property. Negotiate. Sublease. Office Search

 

Description: Great River North location! This commercial space, located on the corner of Orleans and Hubbard, has a loft style/open ceiling with exposed brick and would be a great space for a tech company. It’s available 30 days after sublease signing. The space is $38/sf and the lease expiration date is 9/30/21.

Space includes:
1 large office
1 small conference room
8 workstations
1 reception desk
Fully furnished
Building Features:
Food service
Near brown line/ Merchandise Mart stop
Starbucks and Hampton Social are in the building
Next to East Bank Club
Size: 1,357 sf

Location: 351 W Hubbard St – Orleans Plaza-414 North Orleans, Chicago, IL 60654

 

Pre-Listed New Retail Space Available in Skokie (Off Market)


E&M Strategic Development Skokie Property

 

Description: Here is an opportunity to lease in the base of the new Homewood Suites Hotel in Skokie on the prominent corner of Oakton & Niles. The space is divisible to possibly 2 – ~5,000sf restaurants and a 2,130 retail use. It’s adjacent to a new residential development site with plans to build 92 loft style dwellings.

Expected delivery date: Summer/Fall 2020

Size: 12,150sf

Demographics

2018 total Population:

1 mile – 25,796

3 mile – 159,591

5 mile – 640,941

Median HH income:

1 mile – $63k

3 mile – $78k

5 mile – $69k

Average age:

1 mile – 41

3 mile – 42

5 mile – 39

Traffic: between 9,000 – 16,000 cars a day

Location: Oakton & Niles Avenue, Skokie, IL 60077

 

 

Elkhorn, WISCONSIN. I-43 AND SOUTH 67


Elkhorn, WISCONSIN. I-43 AND SOUTH 67 Layout

Description: A 10.5 acre property is available for development. The property is 10 minutes from Lake Geneva and Lake Delevan. The nearby area has over 100,000 full-time residents with over 300,000 visitors per year. The adjacent business park has over 4,500 visitors per day, and the traffic count for I43 is 22k per day and for route 67 it is 9k per day. The site will feature a Love’s Travel Center, as well as a Fairfield Marriott hotel with 70 rooms. It is a great opportunity for a restaurant and other retailers to cater to the Marriott and Love’s guests, as well as the industrial park traffic.

Size: 10.5 acres

Location: Elkhorn, Wisconsin. I-43 and South 67.

218 S. Wabash, suite 280, Chicago, IL 60604


Shared Office Space

 

Description: Here is an opportunity to sublease a fully-furnished property in Chicago’s Loop. This space is a newly built loft-style office with exposed ceilings. There is a large collaborative kitchen area, 11 workstations, 3 large offices/breakout rooms, 2 small offices/phone rooms, and a lounge area.

The sublease is move-in-ready and available immediately. The least is set to expire on April 30th, 2025.

Size:2,438 SF

Cost:  $21.50/sf

Location: 218 S Wabash, suite 280, Chicago, IL 60604

20 N. Clark, Suite 2620, Chicago, IL 60602


Commercial Property Lobby

 

Description: Here is an opportunity to sublease a fully-furnished property in the heart of Chicago’s Loop. The office has a great view of downtown, new corridors and is a class-A building in a business-central location. The space features two main offices, three breakout rooms (which can be used as smaller offices), one conference room, a break room, 16 cubicles, a reception desk and waiting area.

The sublease if available now with a term ending December 31, 2026.

Size: 3,011 SF

Cost: $32/SF 

Location: 20 N. Clark, Suite 2620, Chicago, IL 60602

401 N. Michigan Ave. 12th floor, Chicago, IL 60611


Reception Area

Description: Here is an excellent opportunity to sublease a beautiful, newly built space. Located within a larger company’s space, the fully furnished office includes a shared conference room and kitchen area. There is an option for signage at the entrypoint. The space includes four offices and eight workstations, and it has an asking price of $34/SF.

The sublease space is available now with up to a one-year term, and the potential to negotiate a renewal.

Size: Four offices – 627 SF; eight workstations – 362 SF; total size (including circulation) – 1,727 SF.

Cost: $34/SF

Location: 401 N. Michigan Ave. 12th floor, Chicago, IL 60611

Chicago’s Next Neighborhood to Watch


The South Loop real estate market has been exploding in the last couple years, but what is the next neighborhood to experience a boom? Perhaps the answer isn’t just one, but several. As businesses keep shifting their focus to downtown, neighborhoods surrounding the popular Loop, will boom: River West, River North, Goose Island, New City, Near West Side and Near South Side.

Get it Before it’s Gone

Large corporations – McDonald’s, Wilson Sporting Goods, Mars – have made the jump to the city, shrinking the amount of available space in the West Loop and other downtown areas. The surrounding neighborhoods mentioned above are at the early stages of popularity, and once they begin to trend, you’ll be glad you secured your spot. As with residential real estate, when you find a space you like you should move on it before someone else does.

The Trending Areas

One of the early signs that Goose Island is entering the early stages of popularity is the announcement Amazon will build its 51,900-square-foot Chicago warehouse there. The Clybourn Corridor is also undergoing a large transformation from its previous life as a booming industrial area. The area’s old Finkl Steel Mill site has plans for redevelopment, pushing the transformation of the Clybourn Corridor into the next phase. Warren Baker, a Chicago developer, already has plans to convert an old warehouse into a new, trendy loft office building, which will create an additional 65,000-square-feet of office space.

With Chicago being such an attractive option for corporations, the large amount of incoming developments will act as an additional lure to more businesses that are looking to move their headquarters closer to their employees.

New Developments

With new buildings coming online in the coming years across Chicago, the profiles of many neighborhoods are going to change. Goose Island is reaching the beginning of its post-industrial life with a vibrant future planned. Developers have a vision for the man-made island, and they want to turn it into Chicago’s next top tech neighborhood. Properties are being purchased with plans to renovate the old industrial buildings into brand new, hip office spaces. Multiple large developments are already underway, however these large projects will take a few years to complete and fill-up with tenants. With the predicted facelift that Goose Island is slated to receive, there should be no shortage of tenants.

The downtown area is booming, and the effects of its popularity surge are beginning to spread outward. The fluid nature of neighborhoods will continue to cause shifts in popularity, making the coming year an exciting one to watch.

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