Contact:

Beverly Hayes312.756.7330beverly.hayes@svn.com

Michael Rudman312.602.5397michael.rudman@svn.com

2500 S. WABASH AVECHICAGO, IL 60616

Stat

e St

55COMMERCIAL REAL ESTATE ADVISORS

1.11 Acre Development Land Site

Within 1 Mile of McCormick Place

Parking Area

/ 2PROPERTY OVERVIEW | 2500 S WABASH AVE, CHICAGO, IL

2500 SOUTH WABASH AVENUE, CHICAGO, IL 60616List Price: $3,900,000 Sub-Market: BronzevilleLand Size: 48,493 SF | 1.11 Acres

PROPERTY HIGHLIGHTS

- Outstanding exposure to I-55- Potential development opportunity- Less than a Mile to McCormick Place & McCormick Place Entertainment District (MPED) including the new $390 Million Marriott Marquis Hotel- Proximity to Chicago CBD & major highways

MEDIAN AGEAVERAGE INCOMEPER HOUSEHOLD

ESTIMATED POPULATION

ESTIMATEDDAYTIME

POPULATION

37.3 $69,740

40,605

23,037

*Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography

DEMOGRAPHIC SNAPSHOT(1 Mile)

- Fenced property has curb cuts on

- Largest land land parcel on-market close to McCormick Place MPED- Flexible M1-3 zoning allows for motor vehicle towing, storage & repair

Zoning: M1-3 Ward: 3rd WardAlderman: Alderwoman Pat Dowell

both Wabash and 25th Street sides

PROPERTY OVERVIEWPROPERTY IS CURRENTLY BEING USED AS TRAILER STORAGE

WITH 6 MONTH TENANCY & 90 DAY KICK-OUT CLAUSE

/ 3DEVELOPMENT OPPORTUNITY | 2500 S WABASH AVE, CHICAGO, IL

2500 SOUTH WABASH AVENUE, CHICAGO, IL 60616Sub-Market: South LoopZoning: M1-3

Alderman: Alderwoman Pat Dowell

DEVELOPMENT OPPORTUNITY WITHIN BRONZEVILLE TIF DISTRICT

Land Size: 48,493 SF | 1.11 AcresWard: 3rd Ward

Parking Area

55

Stat

e St

E 26th St

/ 4TIF DISTRICT | 2500 S WABASH AVE, CHICAGO, IL

Bronzeville TIF At-A-Glance

SOURCE: 2008 Annual Report. For a copy of the full report and audited financial statement,

contact the Department of Community Development.

1998

2021

$21,133,779

$5,768,636

$208,272

2.7 to 1

Pershing/State Affordable Housing

$52 million

$103 million (98% increase since 1998)

AUTHORIZED

EXPIRES

TOTAL NET BALANCE (INCLUDES FUNDS FOR FUTURE PROJECTS), FY08

REVENUE COLLECTED, FY08

TOTAL EXPENDITURES, FY08

RATIO OF PRIVATE TO PUBLIC INVESTMENT WITHIN TIF

RECENT REDEVELOPMENT PROJECTS

ESTIMATED ASSESSED VALUE IN TIF AREA, 1998

ESTIMATED ASSESSED VALUE IN TIF AREA, 2005

The Bronzeville TIF DistrictBenefitting Bronzeville

Bronzeville TIF Overview

Encompassing portions of the Douglas and Grand Boulevard

communities, the Bronzeville TIF district was designated to

revitalize an area that once served as the social, cultural and

economic center of Chicago’s African-American community.

The 491-acre district provides resources that support the

rehabilitation of existing structures and incentives for new

construction on vacant and underutilized land. Priorities

include historic preservation, business expansion, and cultural

projects that promote the area’s attractiveness as a place to

live and do business. Goals also include an increase of rental

and owner-occupied residential structures and initiatives that

establish links to Chicago tourism and convention industries.

The TIF has or will utilize a minimum $42 million in public

dollars to attract a minimum of $116 million in private

investment.

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Existing Tax IncrementFinancing Districts

Bronzeville

z:\esri\individual_tifs\TIFs_By_Template\T-61_Bronzeville.mxd

Work Product

Copyright, 2007, City of Chicago

CITY OF CHICAGORICHARD M. DALEY

MAYOR

DEPARTMENT OF PLANNINGAND DEVELOPMENT

/ 5SURVEY | 2500 S WABASH AVE, CHICAGO, IL

Steven GranathDigitally signed by Steven Granath DN: cn=Steven Granath, o=R.H. Granath Surveying Service, ou, email=ilps3169@aol.com, c=US Date: 2017.06.26 15:10:57 -05'00'

/ 6ADDITIONAL PHOTOS | 2500 S WABASH AVE, CHICAGO, IL

Site - Looking West

Site - Looking Southwest

Site - Looking Southeast

/ 7ADDITIONAL PHOTOS | 2500 S WABASH AVE, CHICAGO, IL

Micro Brewery across the Street Eastern Edge - Looking North

Adjacent to Red & Green Line El Tracks Less than 1 Mile to McCormick Place

/ 8AERIAL | 2500 S WABASH AVE, CHICAGO, IL

SITE

McCormickPlace

Chinatown

LakeMichigan

New DePaulArena

Bronzeville

BRONZEVILLE AERIAL

/ 9PROPERTY AERIAL | 2500 S WABASH AVE, CHICAGO, ILC

TA R

ED &

GR

EEN LIN

ES

I-55

McCormickPlace

2500 S WABASH

/ 10MARKET DESCRIPTION

MARKET DESCRIPTION

BRONZEVILLE

The Bronzeville area is a growing area, bordered by I-55 on the north, 51st on the south, Dan Ryan on the West, and the lake on the East. Long known for being home to many affluent African American professionals, it has begun to re-emerge as a vibrant community with a new Mariano’s at 39th and Martin Luther King Drive. Also the IIT Campus plans to open the Ed Kaplan Institute for Innovation in late 2018. Mercy Hospital, a half mile from the site, is a major employer in the area with parking one block east of site. The new Pedestrian Bridge, a $28m development project at 41st street, broke ground in June 2017. Also in June 2017 the city selected a redevelopment team for the 49 ac. former Michael Reese site.

The Bronzeville area has also seen an influx of Asian residents, moving east for retail and residential properties as Chinatown becomes more and more expensive and Bronzeville still provides affordable alternatives.

SOUTH LOOP

The South Loop, home of McCormick Place and the new Marriott Marquis hotel, is also home to the new Wintrust Arena where the DePaul Blue Demons will play. Numerous development projects are also under way, including high rises at 1101 S. Wabash, a 196 room Homewood Hilton, and 1136 S. Wabash, a 26 story high rise.

/ 11DISCLAIMER

DISCLAIMER

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.