existing restaurant building for sale
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EXISTING RESTAURANT BUILDING FOR SALE 110 GENEVA ROAD / WHEATON, IL
EXCLUSIVELY LISTED BY: MARK JONES // CCIM, Vice President, Sales // 312.335.3229 // [email protected] MARK KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
jamesoncommercial.com
//
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
BUILDING AREA 4,346 SF
LAND AREA 61,830 SF
ZONED C-3
TAXES $22,615.56
SALE PRICE $1,750,000 PRICE REDUCED $1,500,000
PROPERTY HIGHLIGHTS • • • • • • •
Large land area of 61,830 square feet Existing restaurant building black iron kitchen, walk-in cooler & freezer and revolving oven Located in the major neighborhood shopping area for Wheaton & Carol Stream communities 2010 Population of 49,274 with $79,173 Average HH Income within 1.5 mile radius High Traffic Interesection of Geneva Road (26,100 ADT) & Main/Schmale Road(20,900) Frontage on both Geneva & Main Street Excellent area demographics 116,569 total population and $101,593 Average Household income
SECTION ONE
Great opportunity for redevelopment or reuse of the existing building. Prime Wheaton location just west of GenevaRd. & Main Street. The property enjoys access from both Geneva Rd and Main St. with 207 ft. of frontage on Geneva Rd. Freestanding existing 4,346 bldg.is situated on 61,830 sq.ft. of land with 111 parking spaces. Zoned C-3. A former Baker’s Square restuarant with full kitchen including black iron, walk-in cooler & freezer & revolving baking oven.Site can accomodate drive-thru. PROPERTY ELIGIBLE FOR FULL LIQUOR LICENSE.
INVESTMENT OVERVIEW
EXISTING RESTAURANT BUILDING FOR SALE / 110 GENEVA ROAD / WHEATON, IL
AREA TENANTS • • • •
Geneva Crossings Dominick’s Jewel / Osco Home Depot
MARK JONES // CCIM, Vice President, Sales // 312.335.3229 // [email protected] MARK KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section one
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
property photos
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section one
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
survey
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section TWO
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
map with area tenants
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Traffic Count Map - Close Up Prepared by Mark Jones Latitude: 41.887501 Longitude: -88.10788
section TWO
traffic count map
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
110 Wheaton 110 W Geneva Rd, Wheaton, IL 60187-2442 Ring: 1, 2, 3 Miles
Source: © 2010 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. D ©2010 Esri, MPSI
Source: © 2010 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. DataMetrix® ©2010 Esri, MPSI
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
5/16/2011
Page 1 of 1
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Site Type: Ring
Radius: 1 mile
Radius: 2 miles
Radius: 3 miles
2010 POPULATION
Total Population Male Population Female Population Median Age
12,295 49.8% 50.2% 33.7
51,356 49.1% 50.1% 33.5
116,569 49.5% 50.5% 35.6
2010 INCOME
Median HH Income Per Capita Income Average HH Income
$65,198 $32,194 $85,435
$79,862 $36,267 $100,334
$81,040 $35,833 $101,593
Owner Occupied Housing Units Renter Occupied Housing Units Vacant Housing Units
47.6% 46.7% 5.7%
61.8% 32.6% 5.6%
70.7% 24.7% 4.6%
POPULATION
2000 Population 2010 Population 2015 Population
11,797 12,295 12,332
49,465 51,356 51,688
113,566 116,569 116,571
households
2010 Households 2015 Households 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
4,695 4,711 1.2% 0.38% 0.07%
17,846 18,490 1.46% 0.35% 0.15%
39,526 40,805 1.1% .031% 0.05%
2010 HOUSING
section three
110 Geneva road
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
The household count in this market area has changed from 39,526 in 2000 to 40,805 in the current year, a change of 0.31 percent annually. The five-year projection of households is 40,904, a change of 0.05 percent annually from the current year total. Average household size is currently 2.74, compared to 2.77 in the year 2000. The number of families in the current year is 29,031 in the market area. HOUSING Currently, 70.7 percent of the 42,754 housing units in the market area are owner occupied; 24.7 percent, renter occupied; and 4.6 percent are vacant. In 2000, there were 40,537 housing units - 73.4 percent owner occupied, 24.1 percent renter occupied and 2.5 percent vacant. The rate of change in housing units since 2000 is 0.52 percent. Median home value in the market area is $239,481, compared to a median home value of $157,913 for the U.S. In five years, median home value is projected to change by 2.73 percent annually to $273,961. From 2000 to the current year, median home value changed by 2.72 percent annually. mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Site Type: Ring
Radius: 1 mile
Radius: 2 miles
Radius: 3 miles
MEDIAN HOUSEHOLD INCOME
2010 Median HH Income 2015 Median HH Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$65,198 $77,694 3.81% 2.15% 3.57%
$79,862 $91,787 3.9% 2.24% 2.82%
$81,040 $92,251 3.53% 1.93% 2.63%
PER CAPITA INCOME
2010 Per Capita Income 2015 Per Capita Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$32,194 $36,660 4.33% 2.05% 2.63%
$36,267 $40,570 4.81% 2.13% 2.27%
$35,833 $40,046 4.34% 1.87% 2.25%
AVERAGE HOUSEHOLD INCOME
2010 Average HH Income 2015 Average HH Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$85,435 $97,359 4.56% 2.06% 2.65%
$100,334 $112,062 4.77% 2.06% 2.24%
$101,593 $113,251 4.18% 1.83% 2.2%
section three
110 geneva road
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
HOUSEHOLDS BY INCOME Current median household income is $81,040 in the market area, compared to $54,442 for all U.S. households. Median household income isprojected to be $92,251 in five years. In 2000, median household income was $66,629, compared to $47,113 in 1990. Current average household income is $101,593 in this market area, compared to $70,173 for all U.S. households. Average household income is projected to be $113,251 in five years. In 2000, average household income was $84,371, compared to $56,033 in 1990. Current per capita income is $35,833 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is projected to be $40,046 in five years. In 2000, the per capita income was $29,636, compared to $19,387 in 1990.
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Total Businesses
673
2,298
4,513
Total Employees
7,517
27,703
57,206
Currently, 90.6 percent of the civilian labor force in the identified market area is employed and 9.4 percent are unemployed. In comparison, 89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market area will be 92.3 percent of the civilian labor force, and unemployment will be 7.7 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 71.0 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.0 percent were in the Armed Forces. In the current year, the occupational distribution of the employed population is: · 74.6 percent in white collar jobs (compared to 61.6 percent of U.S. employment) · 11.0 percent in service jobs (compared to 17.3 percent of U.S. employment) · 14.4 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)
section three
POPULATION BY EMPLOYMENT
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
In 2000, 77.5 percent of the market area population drove alone to work, and 3.8 percent worked at home. The average travel time to work in 2000 was 28.3 minutes in the market area, compared to the U.S. average of 25.5 minutes. Population by Education In 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows: · 7.6 percent had not earned a high school diploma (14.8 percent in the U.S.) · 19.0 percent were high school graduates only (29.6 percent in the U.S.) · 7.1 percent had completed an Associate degree (7.7 percent in the U.S.) · 28.9 percent had a Bachelor’s degree (17.7 percent in the U.S.) · 17.9 percent had earned a Master’s/Professional/Doctorate Degree (10.4 percent in the U.S.)
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2009 and 2014. ESRI converted 1990 Census data into 2000 geography.
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
! CED
,00 0 0 ,5
$1
U
ED R E
C
PRI
EXISTING RESTAURANT BUILDING FOR SALE 110 GENEVA ROAD / WHEATON, IL
EXCLUSIVELY LISTED BY: MARK JONES // CCIM, Vice President, Sales // 312.335.3229 // [email protected] MARK KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
jamesoncommercial.com
//
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
BUILDING AREA 4,346 SF
LAND AREA 61,830 SF
ZONED C-3
TAXES $22,615.56
SALE PRICE $1,750,000 PRICE REDUCED $1,500,000
PROPERTY HIGHLIGHTS • • • • • • •
Large land area of 61,830 square feet Existing restaurant building black iron kitchen, walk-in cooler & freezer and revolving oven Located in the major neighborhood shopping area for Wheaton & Carol Stream communities 2010 Population of 49,274 with $79,173 Average HH Income within 1.5 mile radius High Traffic Interesection of Geneva Road (26,100 ADT) & Main/Schmale Road(20,900) Frontage on both Geneva & Main Street Excellent area demographics 116,569 total population and $101,593 Average Household income
SECTION ONE
Great opportunity for redevelopment or reuse of the existing building. Prime Wheaton location just west of GenevaRd. & Main Street. The property enjoys access from both Geneva Rd and Main St. with 207 ft. of frontage on Geneva Rd. Freestanding existing 4,346 bldg.is situated on 61,830 sq.ft. of land with 111 parking spaces. Zoned C-3. A former Baker’s Square restuarant with full kitchen including black iron, walk-in cooler & freezer & revolving baking oven.Site can accomodate drive-thru. PROPERTY ELIGIBLE FOR FULL LIQUOR LICENSE.
INVESTMENT OVERVIEW
EXISTING RESTAURANT BUILDING FOR SALE / 110 GENEVA ROAD / WHEATON, IL
AREA TENANTS • • • •
Geneva Crossings Dominick’s Jewel / Osco Home Depot
MARK JONES // CCIM, Vice President, Sales // 312.335.3229 // [email protected] MARK KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section one
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
property photos
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section one
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
survey
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
section TWO
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
map with area tenants
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Traffic Count Map - Close Up Prepared by Mark Jones Latitude: 41.887501 Longitude: -88.10788
section TWO
traffic count map
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
110 Wheaton 110 W Geneva Rd, Wheaton, IL 60187-2442 Ring: 1, 2, 3 Miles
Source: © 2010 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. D ©2010 Esri, MPSI
Source: © 2010 MPSI (Market Planning Solutions Inc.) Systems Inc. d.b.a. DataMetrix® ©2010 Esri, MPSI
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
5/16/2011
Page 1 of 1
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Site Type: Ring
Radius: 1 mile
Radius: 2 miles
Radius: 3 miles
2010 POPULATION
Total Population Male Population Female Population Median Age
12,295 49.8% 50.2% 33.7
51,356 49.1% 50.1% 33.5
116,569 49.5% 50.5% 35.6
2010 INCOME
Median HH Income Per Capita Income Average HH Income
$65,198 $32,194 $85,435
$79,862 $36,267 $100,334
$81,040 $35,833 $101,593
Owner Occupied Housing Units Renter Occupied Housing Units Vacant Housing Units
47.6% 46.7% 5.7%
61.8% 32.6% 5.6%
70.7% 24.7% 4.6%
POPULATION
2000 Population 2010 Population 2015 Population
11,797 12,295 12,332
49,465 51,356 51,688
113,566 116,569 116,571
households
2010 Households 2015 Households 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
4,695 4,711 1.2% 0.38% 0.07%
17,846 18,490 1.46% 0.35% 0.15%
39,526 40,805 1.1% .031% 0.05%
2010 HOUSING
section three
110 Geneva road
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
The household count in this market area has changed from 39,526 in 2000 to 40,805 in the current year, a change of 0.31 percent annually. The five-year projection of households is 40,904, a change of 0.05 percent annually from the current year total. Average household size is currently 2.74, compared to 2.77 in the year 2000. The number of families in the current year is 29,031 in the market area. HOUSING Currently, 70.7 percent of the 42,754 housing units in the market area are owner occupied; 24.7 percent, renter occupied; and 4.6 percent are vacant. In 2000, there were 40,537 housing units - 73.4 percent owner occupied, 24.1 percent renter occupied and 2.5 percent vacant. The rate of change in housing units since 2000 is 0.52 percent. Median home value in the market area is $239,481, compared to a median home value of $157,913 for the U.S. In five years, median home value is projected to change by 2.73 percent annually to $273,961. From 2000 to the current year, median home value changed by 2.72 percent annually. mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Site Type: Ring
Radius: 1 mile
Radius: 2 miles
Radius: 3 miles
MEDIAN HOUSEHOLD INCOME
2010 Median HH Income 2015 Median HH Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$65,198 $77,694 3.81% 2.15% 3.57%
$79,862 $91,787 3.9% 2.24% 2.82%
$81,040 $92,251 3.53% 1.93% 2.63%
PER CAPITA INCOME
2010 Per Capita Income 2015 Per Capita Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$32,194 $36,660 4.33% 2.05% 2.63%
$36,267 $40,570 4.81% 2.13% 2.27%
$35,833 $40,046 4.34% 1.87% 2.25%
AVERAGE HOUSEHOLD INCOME
2010 Average HH Income 2015 Average HH Income 1990-2000 Annual Rate 2000-2010 Annual Rate 2010-2015 Annual Rate
$85,435 $97,359 4.56% 2.06% 2.65%
$100,334 $112,062 4.77% 2.06% 2.24%
$101,593 $113,251 4.18% 1.83% 2.2%
section three
110 geneva road
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
HOUSEHOLDS BY INCOME Current median household income is $81,040 in the market area, compared to $54,442 for all U.S. households. Median household income isprojected to be $92,251 in five years. In 2000, median household income was $66,629, compared to $47,113 in 1990. Current average household income is $101,593 in this market area, compared to $70,173 for all U.S. households. Average household income is projected to be $113,251 in five years. In 2000, average household income was $84,371, compared to $56,033 in 1990. Current per capita income is $35,833 in the market area, compared to the U.S. per capita income of $26,739. The per capita income is projected to be $40,046 in five years. In 2000, the per capita income was $29,636, compared to $19,387 in 1990.
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
Total Businesses
673
2,298
4,513
Total Employees
7,517
27,703
57,206
Currently, 90.6 percent of the civilian labor force in the identified market area is employed and 9.4 percent are unemployed. In comparison, 89.2 percent of the U.S. civilian labor force is employed, and 10.8 percent are unemployed. In five years the rate of employment in the market area will be 92.3 percent of the civilian labor force, and unemployment will be 7.7 percent. The percentage of the U.S. civilian labor force that will be employed in five years is 91.2 percent, and 8.8 percent will be unemployed. In 2000, 71.0 percent of the population aged 16 years or older in the market area participated in the labor force, and 0.0 percent were in the Armed Forces. In the current year, the occupational distribution of the employed population is: · 74.6 percent in white collar jobs (compared to 61.6 percent of U.S. employment) · 11.0 percent in service jobs (compared to 17.3 percent of U.S. employment) · 14.4 percent in blue collar jobs (compared to 21.1 percent of U.S. employment)
section three
POPULATION BY EMPLOYMENT
demographic summary
existing restaurant building FOR SALE / 110 geneva road / wheaton, il
In 2000, 77.5 percent of the market area population drove alone to work, and 3.8 percent worked at home. The average travel time to work in 2000 was 28.3 minutes in the market area, compared to the U.S. average of 25.5 minutes. Population by Education In 2010, the educational attainment of the population aged 25 years or older in the market area was distributed as follows: · 7.6 percent had not earned a high school diploma (14.8 percent in the U.S.) · 19.0 percent were high school graduates only (29.6 percent in the U.S.) · 7.1 percent had completed an Associate degree (7.7 percent in the U.S.) · 28.9 percent had a Bachelor’s degree (17.7 percent in the U.S.) · 17.9 percent had earned a Master’s/Professional/Doctorate Degree (10.4 percent in the U.S.)
Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2009 and 2014. ESRI converted 1990 Census data into 2000 geography.
mark jones // CCIM, Vice President, Sales // 312.335.3229 // [email protected] mark KISHTOW // Vice President, Sales // 312.867.2265 // [email protected]
©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation.
