$1,450,000
$1,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Jeffery Parise • Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "