REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,800,000
Est. payment | /mo
3,500 SqFt
$ 1,800,000
Est. payment | /mo
3,500 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $514
MLS Listing ID 12370572
Annual Tax Amount $34,527
Tax Year 2023
Lot Dimensions 50X95X6X30X44X125
Property Sub-Type Bus / Bus w/Real Est
Property Description
Corporately held Tavern & Retail Food licenses with real estate operating for 4 decades with the same ownership. The Alderman's office has agreed to go through a vetting process with a potential buyer regarding lifting the moratorium to allow for the grandfathering of the licenses though the purchase of the business' corporate stock. 44 feet of frontage on Addison & 125 feet deep; the building is adjacent to the CTA Brown Line Addison stop which had 373,330 commuters in 2024. CTA Addison Bus #152 had 2,135,761 commuters in 2024 going to and from Wrigley Field. The 2024 daily traffic count on Addison had 15,200 vehicles and 10,300 vehicles on Lincoln Ave. Interior ceiling height is 12 feet; the bar is 39 feet long. The Cork Lounge is on the east side of the building; the restaurant on the west side is on a month-to-month lease with the Cork Lounge's owner. The real estate is to be sold AS-IS. Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees.
Location
State IL
County Cook
Area Chi - North Center
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
Level or Stories 1
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Listed by Michael Costanzo • Jameson Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "