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    12717 S Halsted St Chicago, IL 60628

    For Sale
    $459,900

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Days on Market:
    212
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 12717 S Halsted St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    25331000050000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Number of units
    2
    Architectural style
    Other

    S. R. Blockson & Associates Realty & Mgmt (708) 868-3300 [email protected]

    Listing agent Shelia Blockson (708) 868-3300 License #471009362

    Listing date May 17, 2025

    MLS# 12254749 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Commercial Kitchen

    This mixed-use building, formerly a neighborhood bar established in 1968, retains an active liquor license and business license, both transferable to the buyer. The first floor, previously Jack's Lounge, has been gutted and framed, prepared for drywall installation. The basement includes a new 80-gallon commercial hot water tank, updated electrical systems, a roughed-in bathroom, and a laundry room. The second floor, formerly a three-bedroom apartment, has been gutted and reframed for a new bathroom and event space. At the rear is a fully approved and functional commercial kitchen, equipped with a 10-foot hood, freezer, stove, and exhaust system, along with a full bathroom and an office. The property features re-concreted front and back areas and is fully fenced and secured. A GFA system includes a coil for central air. The city has replaced lead pipes with copper, extending to the meter box inside the building, and all water pipes throughout the property have been updated to copper. All windows are new. Heating is provided by a boiler for the bar area and a GFA system for the kitchen. The building, over 100 years old, requires further rehabilitation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Game Over Sports Bar, Dee Dee’s Bar and Grill, Sugars Bar LLC

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.641033
    Latitude
    41.662625

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    FAQs

    What type of property is this?
    Bar - Mixed-use building with liquor license, commercial kitchen, and updated utilities.
    Where is this bar located?
    The property is located at 12717 S Halsted St Chicago, IL.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: - Active liquor license and business license included in sale.; - **Fully approved and functional commercial kitchen with 10-foot hood, freezer, stove, and exhaust system.**; - First floor gutted, framed, and ready for drywall; second floor gutted and reframed for bathroom and event space.
    (708) 868-3300
    Request Owner's contact information
    12717 S Halsted St Chicago, IL 60628
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    Chicago, IL 60628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12717 S Halsted St Chicago, IL 60628
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