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$1,475,000
Est. payment /mo
5,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $268
MLS Listing ID 12681126
Year Built 1900
Annual Tax Amount $34,719
Tax Year 2024
Lot Dimensions 126X90X146X19
Property Sub-Type Mixed Use
Property Description
"Exceptional Mixed-Use Investment Opportunity in Lincoln Park" Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The entire building (including apartments) has approximately 5,500 square feet and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold "AS-IS"...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.
Location
State IL
County Cook
Area Chi - Lincoln Park
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Flooring Vinyl, Wood, Other
Fireplaces Number 2
Fireplace Y
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Roof Type Membrane,Rubber
Building
Dwelling Type Mixed Use
Sewer Public Sewer
Water Municipal Water
Structure Type Brick
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Listed by Brian Costello of Hometown Real Estate Group LLC