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    116 N Aberdeen St Chicago, IL 60607

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    For Sale
    $1,850,000

    Prime West Loop property suitable for retail, restaurant, or office.

    Property Features for 116 N Aberdeen St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1892

    Source: KUDAN GROUP, INC. Agent BRIAN LASKOV

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Loop Prime Property Opportunity

    Located in Chicago's West Loop at 116 N. Aberdeen Street, this property is situated just off the corner of Randolph Street and next door to McDonald's global headquarters. The existing buildout features a full commercial kitchen with hood and black iron, two bars, and four bathrooms. A large garage door opens to a sidewalk patio area suitable for dining. Zoned DX-3, the site offers flexibility for office, retail, dispensary, or continued restaurant, bar, or nightclub use. The property is located in a vibrant and rapidly growing neighborhood, surrounded by restaurants, luxury developments, and corporate offices. This location benefits from high traffic and high visibility, making it suitable for investors, developers, or owner-users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicago Food Carts Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Auto Repair Shop

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

    Similar Places Nearby

    Park Tavern, UIC ARC Starbucks, Malibu Barbie Cafe, lo, Kuldeep gujjar

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6547548
    Latitude
    41.883552

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    FAQs

    What type of property is this?
    Bar - Prime West Loop property suitable for retail, restaurant, or office.
    Where is this bar located?
    The property is located at 116 N Aberdeen St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Prime West Loop location near Randolph Street and McDonald's headquarters.; - Flexible DX-3 zoning allows for office, retail, dispensary, or restaurant/bar/nightclub use.; - Full commercial kitchen with hood and black iron.
    (312) 575-0480
    Request Owner's contact information
    116 N Aberdeen St Chicago, IL 60607
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    Chicago, IL 60607
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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
    116 N Aberdeen St Chicago, IL 60607
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