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    2025 W Avenue N Chicago, IL 01450

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    For Sale
    $175,000

    3,000 SF tavern with licenses in Wicker Park.

    Property size:
    3,000 SF
    Lot size:
    0.19 Acres

    Property Features for 2025 W Avenue N

    General Information

    Size
    3,000 SF
    Lot size
    0.19 Acres

    Source: SVN | Chicago - Corporate Agent Marcus Sullivan

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

    Overview

    Wicker Park Tavern Opportunity

    This is a 3,000 square foot tavern located in Wicker Park. The space is fully improved and adaptable to different bar concepts. It holds a tavern and PPA license, allowing for multiple revenue streams. The property includes a full basement suitable for office, storage, and refrigeration. The facility is exceptionally well maintained and benefits from a favorable long-term lease. This is a business sale only and does not include the real estate.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Building Supply Garden Center

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

    Similar Places Nearby

    Chicago Cut Steakhouse, HiPoint, Jefferson Tap & Grille, Gilt Bar, Blue Agave Tequila Bar & Restaurant

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -95.8175458
    Latitude
    36.2097464

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    FAQs

    What type of property is this?
    Bar - 3,000 SF tavern with licenses in Wicker Park.
    Where is this bar located?
    The property is located at 2025 W Avenue N Chicago, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Tavern and PPA license included.; - Exceptionally well-maintained 3,000 SF facility.; - Favorable long-term lease.
    (773) 405-4641
    Request Owner's contact information
    2025 W Avenue N Chicago, IL 01450
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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
    2025 W Avenue N Chicago, IL 01450
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