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South side of Church Street and is bounded on the West by Sherman Avenue and on the East by Orrington Avenue. The lot is irregular in shape, the dimensions -being as,,follows:- Frontageon Church Street.... 185.04 -feet Frontage on Sherman Avenue..,185.55 feet Frontage. on Orring ton Avenue, 200.44 feet The dimensions along, an irregular ýSôuth lot, line is approxim.ately 121.88 e. The entire tract contains approximately 28,994 square feet. The location of the 'property in .the heâ'rt of Evanston's Central business district is strategic with itrnageo three. principal business streets. Marshall, Field and Company have re- cently-built and o'pened 1their:..North Shore. branch department store diagonally across frorn the Church Street Building at the Nortliwest corner of Church Street and Sherman Avenue. Two of the principal hotels, The Orrington and the.Library Plaza,; are immediately North and, East. The Post Office is across the street to the West. Departrnent stores, banks, theatres, and other prominent office and commercial buildings are in close proximity. In recent years many Chicago retail. merchants have established branch stores in Evanston, where ample parking facilities: and convenient transportation. have a ttracted shoppers f rom the entire North Shore. The Church -Street Station of the Chicago and North Western Railroad, Chicago, I\orth Shore, and Milwaukee, and the elevated railroad are only two short blocks West, TPhe surface Enes pass the. property on. Sherman Aventie. Building: fices are large, light and airy. Ample rest roôms are provide o the office tenants. The, main entrance te, the building is on- Church Street' through a spacious lobby finished Mi marbie and provides direct accessto passenger Materials used in the construction of the building are of the best quality and of a nature requiring littie expenditure for maintenance andý repair. The -building is heated by a two pipe vacuum steam ,heat system. Leaselzold:- The land upon which the Church Street Build- ing is erected is leased ýfrom Northwestern Uni- versity for'a term of one hundred years, begin- n ing.January 2;,.1923,' and was, obtained by the. Churh Sree Buldig Corporationupon terms, hich have given it the advantage of the steadily increased business values in this district.« The, lease provides for an annual gross rentai, during the first fifty-years. of $18,000.00, and duringthe secon1fd, period of fifty years, beginning January 1, 1973, of $30,000.00. It'is customary in long terrn leases for the lessee to pay ail taxes. In this case the fee is oyvned by Northwestern University*and is, therefore, exempt from taxa- tion. This saving as well as the long term, of the lease at the, present low rentai ar e considered valuable assets of the lease.- Valuation: Wm. H. Babcock & Sons, Real Estate Con- sultants, Economists, and Valuators, Chicago, nationally known appraisers forbanks, invest- nment houses, and -life insurance companies, have appraised the prop erty, as of J uly 1, 1930 as follows: * Total1 ýValuation wvhichanount comprises: Leasehold. Estate Buil1ding $941,000. $ e The property has a sales Naltie 1,. appraisal. ý386,000.00 555,000.00ý in excess of this Sinking Fund: The trust deed provides for the monthly de- posit of one-sixth of the interest, and principal paymients due semi-annually throughout the en- tire fterm of. this ban. -B 4