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Licensed Bar and Restaurant
For Sale
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1315 W North Ave., Chicago, IL 60622

For sale with included operating business and tavern, 4AM liquor, and performance licenses.

Property Size4,873 SF
Lot Size0.07 Acres
Days on Market171

Property Features for 1315 W North Ave.

General Information

Standard status Active
Size 4,873 SF
Lot size 0.07 Acres
Property subtype Retail
Zoning M2-3
Investment Type Owner/User

Site & Location

Neighborhood Noble Square

Additional Details

Business Included Yes
Liquor License Yes
Listing Agency: Cawley Chicago Commercial Real Estate
Listed By: Justin Harris · License #IL 475175605
Source: Crexi
Added: May 15 Changed: Oct 25 Last Checked: Nov 1 at 4:19AM

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 Cawley Chicago Commercial Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This for-sale licensed bar and restaurant offering includes the business. The package includes a tavern license, a 4AM liquor license, and a performance license, providing a turnkey framework for an operator seeking to maintain licensed service.

The property totals 4,873 square feet on a 0.07-acre lot and is zoned M2-3. The listing references Ward 27 and Alderman Walter R. Burnett.

The address is 1315 W. North Ave., Chicago, IL 60622. Pricing is listed as subject to offer.

Key Highlights

  • Business included: EXIT Bar tavern for sale with operating business.
  • Includes liquor and entertainment licensing: 4AM liquor license and performance license.
  • Includes tavern license included with the sale.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Exit Bar & Pub

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

3,981
Businesses Nearby
359k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 32% Home Improvements & Furnishings 27% Shops & Services 15% Dining 11%
Jewel-Osco Groceries
65,395 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
47,033 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
31,134 visits/mo 0.4 miles
Binny's Beverage Depot Groceries
23,400 visits/mo 0.4 miles
Best Buy Electronics
22,061 visits/mo 0.4 miles

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025

Similar Off Market Nearby

  • Ola's Liquors — 947 N Damen Ave, Chicago, IL 60622
  • The Inner Town Pub — 1935 W Thomas St, Chicago, IL 60622
  • Frontier — 1072 N Milwaukee Ave, Chicago, IL 60642
  • Arabia Cafe Hookah Lounge — 1046 N Milwaukee Ave, Chicago, IL 60642
  • Black Hole Bar — 1942 W Division St, Chicago, IL 60622

Frequently Asked Questions

What type of property is this?
Bar & Pub - For sale with included operating business and tavern, 4AM liquor, and performance licenses.
Where is this bar & pub located?
The property is located at 1315 W North Ave. Chicago, IL.
What are key features of this property?
This property features: Business included: EXIT Bar tavern for sale with operating business.; Includes liquor and entertainment licensing: 4AM liquor license and performance license.; Includes tavern license included with the sale.
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Includes: Price & PSF · Cap rate · Location · Zoning

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