1375 W Lake Street Chicago, IL 60607
23,000 SF redevelopment site in Fulton Market neighborhood.
Type:Commercial
Property size:
23,000 SF- Added:
- Feb 17, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 5 at 8:17 pm
Property Features for 1375 W Lake Street
General Information
- Standard status
- Active
- Size
- 23,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent WAYNE CAPLAN License #475132248
Listing office SPERRY VAN NESS (312) 676-1866
Listing date Feb 17, 2026
Source Corcoran
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 SPERRY VAN NESS
Overview
Fulton Market Redevelopment Opportunity
Offered for sale is a 23,000 SF redevelopment opportunity in Chicago's Fulton Market neighborhood. The property, located at 1375 W Lake Street, has been the longtime home of "Bottom Lounge", an 18,000 SF hospitality venue specializing in live music with a full-service restaurant kitchen, large bar/restaurant space and a 2nd floor catering facility with a large outdoor deck and parking for 25 cars. The site is currently zoned C1-3 but sits in the "Downtown Expansion-West" area as well as being in a TOD (Transit Oriented Development) zone, both of which allow for increases in density and parking relief for vertical multi-family development. The property is positioned in the midst of many recent and soon-to-come high-rise residential, mixed-use, office, life- science, hotel, etc., properties and is suitable for many different types of re-development. The current ownership is in a position to afford a developer time for re-zoning the property to suit their needs. Additionally, the business (Bottom Lounge), will continue to operate for a period of time and is open to entertaining a short-term sale- leaseback. This is a rare opportunity to acquire a large development site in one of the most sought-after sub-markets in the entire country.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bottom Lounge
Music Venue
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6618
- Latitude
- 41.8851
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 23,000 SF redevelopment site in Fulton Market neighborhood.
Where is this commercial land located?
The property is located at 1375 W Lake Street Chicago, IL.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: **23,000 SF re‑development opportunity in Chicago's Fulton Market.**; Located in "Downtown Expansion‑West" and TOD zone, allowing for increased density and parking relief.; Suitable for various re‑development types (residential, mixed‑use, office, hotel, etc.).
