Investment Overview
EXECUTIVE INVESTMENT SUMMARY: BROADWAY ANTIQUE MARKET & REAL ESTATE
Investment Overview
SVN Chicago Commercial, as the Exclusive Listing Broker, is pleased to present the opportunity to acquire 6130 N Broadway, Chicago, IL, the (“Property”) and the going concern of the Broadway Antique Market (“BAM”). This is a rare opportunity to acquire Chicago’s oldest and largest antique department store, alongside its prime 21,000 square foot, two-story Art Deco building. Located in the high-density, culturally diverse North Side neighborhood of Edgewater, this turn-key acquisition pairs a highly stable, cash-flowing retail operation with a high-barrier, transit-oriented real estate asset.
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Investment Highlights
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Storied History & Turnkey Operational Model
Institutional Longevity: Established in its current form in 1998 (evolving from the 1990s Wrigleyville Antique Mall), offering a highly reliable, 30-year track record of operational stability.
Built-In Revenue Scale: Operates seamlessly via 50 high-quality, professional independent dealers across two giant levels.
Passive Inventory Curation: Dealers rent space and manage their own booths, yielding a diversified, self-updating product mix with minimal overhead or procurement effort for ownership.
Secondary Revenue Streams: Highly profitable auxiliary business acting as a premier prop supplier and location for over 200 television, film, and theater productions across the Midwest.
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Brand Identity & Elite Media Validation
Prestigious Accolades: Named "Chicago's #1 Shopping Destination" in Geo & Mondadori's Top 10 International Travel Guide and routinely ranked as the Midwest’s premier vintage destination.
Elite Media Pedigree: Extensively featured in premier publications including The New York Times, Architectural Digest, Crain’s Chicago Business, House & Garden, Metropolitan Home, Maine Antique Digest, and Oprah Winfrey’s “O” Magazine.
Celebrity & Designer Magnet: A trusted destination for high-profile celebrity designers such as Jonathan Adler, Thomas O’Brien, and Nate Berkus.
Broad Media Presence: Featured on numerous HGTV television shows, as well as countless appearances across every major Chicago network.
Museum-Quality Presentation: Unlike standard weathered flea markets, BAM is celebrated for its pristine, upscale, and "glamorous" museum-quality staging.
Turnkey Digital Footprint: Active digital infrastructure including a thriving eBay Store, a highly rated Yelp Business Page, and a robust social media community with over 15,000 engaged followers.
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Prime Real Estate, Transit, & Upzoning Value
High-Barrier Asset: Features a stunning, historically significant Art Deco building structure with 20,000 square feet of highly adaptable commercial space.
Transit-Oriented Placement: Strategically situated less than one block from the CTA Granville Red Line 'L' station, unlocking immediate, high-volume foot traffic from the urban core.
Vibrant Neighborhood Density: Located in Edgewater, an exceptionally dense North Side neighborhood nestled right alongside Lake Michigan's beaches.
Chicago's Broadway Upzoning Advantage: The business is poised to capitalize directly on the City of Chicago’s strategic upzoning of Broadway, which includes:
1. Upgraded public transit, street infrastructure, and high-visibility signage.
2. Increased height restrictions for new construction, drastically multiplying the underlying land and vertical development value of the real estate asset.
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Capitalizing on the $300B Macro Resale Boom
The Resale Revolution: The circular economy and secondhand market have exploded into a $300 billion global industry. Resale is no longer a niche hobby; it is a booming mainstream economic driver.
Younger Demographic Capture: Gen Z and Millennial consumer segments are driving an unprecedented surge in secondhand retail, explicitly prioritizing sustainability and unique vintage aesthetics over mass-produced furniture.
Mid-Century Modern Demand: The business acts as the central destination for high-demand 1950s–1980s Art Deco and Mid-Century Modern design trends, attracting premium margins from modern interior designers.
Counter-Cyclical Sustainability: Resale businesses present an exceptional hedge against inflation, simultaneously capturing budget-conscious treasure hunters and elite collectors looking for rare artifacts.
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Strategic Growth Opportunities for the Next Operator
To further scale the business and maximize the valuation of the 21,000 sq ft real estate asset, a new owner can immediately implement:
Physical Footprint Expansion: Execute minor renovations on the second-floor showroom to expand the dealer footprint from 50 to 100+ rental booths, instantly doubling rental scale.
Expanded Operating Schedule & Daily Hours: Optimize retail revenue by shifting from the current 4-day schedule to expanded daily hours (10:00 AM – 7:00 PM), satisfying strong customer demand for longer store hours.
Aggressive E-Commerce & Social Media Integration: Modernize online sales by linking independent dealer inventories directly to premier luxury platforms like Chairish or a centralized Shopify node. Leverage AI to scale daily Instagram and Facebook posts to funnel digital traffic straight to the physical store.
Entertainment & Film Location Monetization: Expand BAM's footprint as a premium commercial, independent film, and television shooting location. BAM has already proven its screen value as the site for major cable shows, including multiple episodes of TruTV’s #1 show, “The Carbonaro Effect” (2014-2019).
Experiential Retail Additions: Utilize a portion of the massive square footage to introduce an in-house espresso bar or boutique event venue space, creating a lifestyle destination tailored directly to younger consumer groups.
**No survey was available to verify the lot's square footage. As a result, square footage figures may vary slightly among available sources and should be considered approximate.
Investment Highlights
- Ideal for owner/user and redevelopment potential
- Prime Edgewater Location
- Steps To CTA Trains, Buses
- Strong Co-tenancy
- Near Several Approved/Proposed Developments
- 86' Frontage Along Busy N Broadway
- Tremendous Signage Opportunity