1375 W Lake Street Chicago, IL 60607
23,000 SF redevelopment site in Fulton Market neighborhood.
Type:Land or Vacant Lot
Property size:
23,000 SFLot size:
0.54 Acres- Added:
- Feb 17, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 5 at 9:24 pm
Property Features for 1375 W Lake Street
General Information
- Standard status
- Active
- Size
- 23,000 SF
- Lot size
- 0.54 Acres
- Property subtype
- Land or Vacant Lot
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
This offering presents a 23,000 SF redevelopment opportunity in Chicago's Fulton Market neighborhood. The property, situated at 1375 W Lake Street, currently houses "Bottom Lounge", an 18,000 SF hospitality venue known for live music, featuring a full-service restaurant kitchen, a large bar/restaurant area, and a second-floor catering facility complete with a spacious outdoor deck and parking for 25 vehicles. Zoned C1-3, the site benefits from its location within the "Downtown Expansion-West" area and a TOD (Transit Oriented Development) zone, potentially allowing for increased density and parking flexibility for vertical multi-family development. Surrounded by numerous recent and upcoming high-rise residential, mixed-use, office, life-science, and hotel properties, the site is suitable for various redevelopment projects. The current ownership can accommodate a developer's timeline for rezoning the property. The existing business, Bottom Lounge, will continue operations and is open to a short-term sale-leaseback arrangement. This represents a unique chance to acquire a substantial development site in a highly desirable sub-market.
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 neighborhood.; Located in "Downtown Expansion‑West" and TOD zone, allowing increased density and parking relief for multi‑family development.; Suitable for various re‑development types including residential, mixed‑use, office, life‑science, and hotel.
