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    1525 N Wells St Chicago, IL 60610

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    For Sale
    $2,100,000

    Impeccably appointed bar and kitchen in Chicago's Old Town.

    Property size:
    6,578 SF
    Lot size:
    0.30 Acres

    Property Features for 1525 N Wells St

    General Information

    Size
    6,578 SF
    Lot size
    0.30 Acres

    Source: Jameson Commercial Agent Mike Costanzo

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

    Overview

    Old Town Bar and Kitchen

    This impeccably appointed, modern Irish American sports bar, known as LG’s Bar & Kitchen, is located in the heart of Chicago’s Old Town. The property includes Incidental Liquor, PPA (public place of amusement), and Retail Food Licenses, as well as a Sidewalk Café Permit. The space features 50 feet of frontage with wide sidewalks on Wells Street. The internal area measures 6,578 square feet, accommodating 239 persons inside and 42 persons seated on the sidewalk. The main bar and dining room dimensions are 80 feet 6 inches deep by 49 feet 8 inches wide. The rectangular bar extends 72 linear feet, and the ceiling height is 11 feet. The property has 16 years remaining on the NET lease.
    Location Intelligence

    Current Use by Public Records

    UCW Chimney Repair_Chicago Chimney Sweep LG's Bar & Kitchen American Restaurant Smith Barney Stock Broker

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Dearly Beloved, Maison BOYI, Metro Mart News Stand, Bernard's, Rose Lounge

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6342269
    Latitude
    41.9098683

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    FAQs

    What type of property is this?
    Bar - Impeccably appointed bar and kitchen in Chicago's Old Town.
    Where is this bar located?
    The property is located at 1525 N Wells St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - High grossing revenue; - Incidental Liquor, PPA & Retail Food Licenses including a Sidewalk Café Permit; - Prime location in the heart of Chicago’s Old Town on Wells Street
    (312) 929-1510
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    1525 N Wells St Chicago, IL 60610
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    Chicago, IL 60610
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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
    1525 N Wells St Chicago, IL 60610
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