100 n. addison avenue

100 N. ADDISON AVENUE
ELMHURST, ILLINOIS
Offering Summary
Rendering of Potential Redevelopment Opportunity
Not a part of offering
M
AY
Real Estate
100 N. ADDISON AVENUE
Exclusive Advisor:
MAY REAL ESTATE LLC
1415 W. 22nd Street, Tower Floor
Oak Brook, IL 60523
630-990-7900
mayre.com
Rendering of Potential Redevelopment Opportunity
For further information contact:
John May
Chris LaBounty
o 630-990-7979
c 630-379-4500
[email protected]
o 630-990-7997
c 630-263-2603
[email protected]
M
AY
Real Estate
100 N. ADDISON AVENUE
The mall has a historical and current occupancy of approximately 95%.
Offering and Highlights
May Real Estate LLC has been retained to sell the 100% fee simple
interest in 100 N Addison Avenue, Elmhurst, DuPage County, Illinois.
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Rendering of Potential Redevelopment Opportunity
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100 N Addison Avenue is a 15,488 square foot US Bank anchored office
building that is located on a 1.26 acre parcel in the heart of downtown
Elmhurst across from the Elmhurst Metra Station.
The subject parcel is one of the largest contiguous parcels of land in
downtown Elmhurst. It is also one of the most prime redevelopment
opportunities in Elmhurst. All tenants’ leases either feature
redevelopment clauses or give the landlord the right to terminate the
lease.
The subject property is located within a TIF district. Elmhurst continues
to encourage and participate in redevelopment of its downtown area.
The city is currently building a 690 space parking deck one-half block
north of the subject property.
The trade area features outstanding demographics – 2014 estimated
population of 43,880 and 2014 estimated average household income
of $122,912.
The Elmhurst Metra Station serves 4,500 passengers per day. It is located
less than one block from the subject property. 55 Metra commuter trains
per day stop at the Elmhurst station. Express trains offer a commute of
less than one-half hour to and from Chicago’s Ogilvie Transportation
Center.
The subject is positioned at the northwest quadrant of W 1st Street
and N Addison Avenue. There are four points of ingress/egress.
Elmhurst, Illinois is approximately 13 miles west of downtown Chicago.
The offering features upside via scheduled rent growth and rolling
tenants to market rental rates.
2015 Net Operating Income
$156,418
M
AY
Real Estate
100 N. ADDISON AVENUE
CHICAGOLAND MAP
M
AY
Real Estate
100 N. ADDISON AVENUE
CITY CENTRE AERIAL
M
AY
Real Estate