Chicago, IL 60660,1401 W Devon AVE
Chicago, IL 60660,1401 W Devon AVE
Chicago, IL 60660,1401 W Devon AVE
Chicago, IL 60660,1401 W Devon AVE
Chicago, IL 60660,1401 W Devon AVE
Chicago, IL 60660,1401 W Devon AVE
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$1,450,000

$1,500,000

3.3%
Est.Price: ?

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Est. payment /mo

3,950 SqFt


SOLD DATE : 02/05/2024

Key Details

Sold Price $1,450,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 3,950 sqft

Price per Sqft $367

MLS Listing ID 11649568

Sold Date 02/05/24

Year Built 1978

Annual Tax Amount $32,628

Tax Year 2021

Lot Dimensions 125 X 66

Property Sub-Type Retail/Stores

Property Description

Tremendous opportunity to own a 3,950 square foot free standing fully equipped award-winning restaurant, with a 3,950 square foot basement (currently used for a prep kitchen, office space, green room, storage and 2 walk in coolers & 1 walk in freezer). Both dining rooms are beautifully decorated & the bar features an original art deco style back bar & matching fireplace surround (double sided). FF & E can be purchased seperately. The property can be used for other commercial uses or can be redeveloped into a mixed-use development. The property's Zoning is B3-2. The building is located on 8,250 (125' x 66') square feet of land (lots 1 & 2). The adjacent vacant land parcel (lot 3), 6346 N. Glenwood Avenue, totaling 4,166 square feet (125' x 33'), is not included in the current offering but can be purchased separately. This parcel is listed by Barbara O'Connor from Dream Town and the brokers will work together if a group is interested all parcels. The building's roof top is home to the country's 1st certified organic roof top farm. - M.O.S.A. 2008 The prior tenant uses the parking lot for a year-round licensed beer garden. Alternatively, there is parking for 8 cars on lot 1 & 2. The prior tenant had food, incidental liquor license, beer garden & a full public place of amusement license. There is also a state-of-the-art sound system in the back entertainment room. Current occupancy is 145 indoor seats. The property is in Chicago's Northside Edgewater neighborhood in walking distance to Loyola University, CTA Loyola Red Line Train Stop, Edgewater Beach and recently opened Target store located on Sheridan Avenue. Edgewater was ranked by 'Money' website as the fifth top 50 places to live in the U.S.

Location

State IL

County Cook

Area Chi - Edgewater

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal

Building

Level or Stories 1

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Midwest Real Estate Data (MRED) IDX
Listed by Wilhelm Kreuzer • Evolve Commercial Real Estate, LLC
Bought with Jeffery Parise • Baird & Warner
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1941 N Elston Ave, Chicago, IL, 60642, USA

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