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Listed by Brian Costelloof Hometown Real Estate Group LLC
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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
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 building has approximately 5,500 square feet (without basement consideration) 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
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
View Y/N true
Roof Type Membrane,Rubber
Building
Foundation Block, Brick/Mortar, Stone
Water Municipal Water
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com