Hospitality Venue with Outdoor
For Sale
$6,950,000
1375 W Lake Street Chicago, Chicago, IL 60607
18,000 SF hospitality venue with full-service kitchen, 2nd-floor catering, outdoor deck, and parking for 25 cars.
Property SizeContact for details
Days on Market37
Property Features for 1375 W Lake Street Chicago
General Information
Standard status
Active
Property subtype
Land
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$226,655
Amenities
Municipal Water
City Street
124x188
0.54
No
124
Asphalt
Listing Agency:
(847) 558-6808
Listed By:
Krystel Gonzalez · License #475185100
(847) 558-6808
Source:
Remaxadream
Added: Jul 14
Changed: Aug 17
Last Checked: Aug 17 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Krystel Gonzalez
Investment Insights
Based on property information with market context.
An approximately 18,000 SF hospitality venue built for live music, offering a full-service commercial kitchen and a large bar/restaurant space. The property also includes a 2nd-floor catering facility with an outdoor deck and on-site parking for 25 cars.
The sale includes an approximately +/-23,000 SF land site. It is zoned C1-3 and also sits within the “Downtown Expansion-West” area and a TOD (Transit Oriented Development) zone, both of which are described as supporting increased density and parking relief for vertical multi-family development.
The property has been the longtime home of “Bottom Lounge.” In addition to owning and operating the existing facility, the site is presented as suitable for redevelopment into a mid- or hi-rise residential or mixed-use property, with the current ownership open to a short-term sale-leaseback while the business continues to operate for a period of time.
The sale includes an approximately +/-23,000 SF land site. It is zoned C1-3 and also sits within the “Downtown Expansion-West” area and a TOD (Transit Oriented Development) zone, both of which are described as supporting increased density and parking relief for vertical multi-family development.
The property has been the longtime home of “Bottom Lounge.” In addition to owning and operating the existing facility, the site is presented as suitable for redevelopment into a mid- or hi-rise residential or mixed-use property, with the current ownership open to a short-term sale-leaseback while the business continues to operate for a period of time.
Key Highlights
- 18,000 SF hospitality venue at 1375 W Lake Street in Chicago’s Fulton Market area, currently home to “Bottom Lounge.”
- Full‑service commercial kitchen and large bar/restaurant space, plus live music programming.
- 2nd‑floor catering facility with a large outdoor deck.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,128
Businesses Nearby
103k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 16%
Hotels & Casinos 6%
Apparel 3%
McDonald's
Dining
38,968 visits/mo
0.0 miles
Starbucks
Dining
9,334 visits/mo
0.5 miles
Lou Malnati's Pizzeria
Dining
9,016 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,042 visits/mo
0.3 miles
Shell
Shops & Services
7,577 visits/mo
0.4 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - 18,000 SF hospitality venue with full-service kitchen, 2nd-floor catering, outdoor deck, and parking for 25 cars.
Where is this bar & pub located?
The property is located at 1375 W Lake Street Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 18,000 SF hospitality venue at 1375 W Lake Street in Chicago’s Fulton Market area, currently home to “Bottom Lounge.”; Full‑service commercial kitchen and large bar/restaurant space, plus live music programming.; 2nd‑floor catering facility with a large outdoor deck.
