- For sale
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 per year with 2% annual increases. Unit 1144 W. Wilson is approx. 1,200 SF and available for immediate occupancy.
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 an 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.
National tenant income of $30,000+/year
Densely Populated Area
Strong 25-45 YR OLD Demos
Short Walk to Red Line CTA Wilson Stop & Broadway #36 Bus
Wilson Red Line CTA Stop has 2+ MILLION riders annually
Across from Truman College with 19K+ enrollment