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May 8, 2015 7:02 EDT

S. Michichigan Avenue Retail, Chicago, IL.

iCrowdNewswire - May 8, 2015

Offered By

S. Michichigan Avenue Retail, Chicago, IL.
Crowd Realty Advisors, LLC

Crowd Realty Advisors, LLC

New York, NY


About this Property

Kleban Properties is offering equity ownership of South Landing Green, a planned 3,400 sf development located across from a major university. The planned two-tenant building will likely feature quick service restaurant tenants. South Landing Green is part of Kleban Properties’ South Landing Development, which includes an 8,600 sf retail building and a parcel being rezoned for possible hotel use. The building site is located in close proximity to two universities, University of Southern Alabama and Spring Hill College, and the Copeland-Cox Tennis Center.



Key Points



  • Letter of Intent received from MOOYAH Burgers, Fries & Shakes
  • Part of South Landing, a retail development featuring complementary retail and restaurants including Chicken Salad Chick
  • Across from University of South Alabama with 16,000+ students
  • Frontage on Old Shell Road (31,000+ vehicles per day)



Target Annual Cash 7.1%
Target Return (IRR) 11-13%
Minimum Investment $35K
Estimated Hold 5-7Y

Chicago, IL



1250 and 1400 S Michigan are located on Chicago’s Michigan Avenue on the rapidly gentrifying south loop area. Recent development over the past ten years has seen high-rise condominiums and apartments constructed to serve the higher income professionals that now reside in this area. (Avg. salary $106,000) Less than one half mile are Lakeshore Drive and Chicago’s Museum Campus, a 57 acre park comprised of Soldier Field, Field Museum of Natural History, Adler Planetarium, Shedd Aquarium, North Americas largest convention center, McCormick Place. Within the three mile radius of the properties, there are many universities and colleges supporting the retail outlets: DePaul University (24,400 students), Roosevelt University (7,000 students), University of Illinois at Chicago (27,900 students)

MSA Rank 3
Median Income $47,270
MSA Population 2,718,782
Population Growth 0.9%


Contact Information:

Crowd Realty Advisors, LLC

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