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Bar Space with Basement

3243 N Western Avenue, Chicago, IL 60618

For Lease
$23 SF/Yr

A transferable liquor license is available, and the property includes a full basement with a cooler and laundry machines.

Space SizeContact for details
Days on Market10

Property Features for 3243 N Western Avenue

General Information

Standard status Active
Property subtype COMMERCIAL

Site & Location

Neighborhood Avondale

Taxes and HOA fees

Annual Taxes $24,295

Building Details

Year Built 1920
Listing Agency: Jameson Sotheby's Intl Realty
Listed By: Beth Gomez · License #475109414
Source: Harkinsandassociates
Added: Oct 29 Changed: Nov 5 Last Checked: Nov 6 at 5:11PM

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 Jameson Sotheby's Intl Realty

Rey
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Investment Insights

Based on property information with market context.

This bar space includes a full, unfinished basement equipped with a cooler and laundry machines. A liquor license is available for transfer, and the building dates to 1920.

The property is at 3243 N Western Avenue in Chicago. Western Avenue is identified as a high-traffic corridor.

Key Highlights

  • Liquor license available for transfer
  • Full unfinished basement with cooler and laundry machines
  • Built in 1920

Property Analytics

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

Current Use

Under Bar Bar & Pub

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Butcher Restaurant Tanning Salon Florist

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

NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,213
Businesses Nearby
140k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 74% Dining 14% Shops & Services 12%
Mariano's Groceries
56,899 visits/mo 0.1 miles
Jewel-Osco Groceries
46,171 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
14,587 visits/mo 0.0 miles
Petco Shops & Services
8,690 visits/mo 0.1 miles
Circle K Shops & Services
7,615 visits/mo 0.5 miles

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$30.24 /SF/Yr
Avg Asking Price
$19–$53 /SF/Yr
Price Range
4,291 SF
Avg Space Size

This space is priced 24% below the average of $30.24 /SF/Yr.

Properties on Market for Bars & Pubs in Chicago

Jul
Aug
Sep
Oct

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

  • Quality Time — 2934 W Diversey Ave, Chicago, IL 60647
  • The Chicago Spirit — 2951 W Diversey Ave, Chicago, IL 60647
  • M V Lounge — 2546 n maplewood ave, chicago, il 60647
  • Sweet Bar — N Elston Ave, Chicago, IL 60647
  • Hexe Coffee Co. — 2000 W Diversey Pkwy, Chicago, IL 60614

Frequently Asked Questions

What type of property is this?
Bar & Pub - A transferable liquor license is available, and the property includes a full basement with a cooler and laundry machines.
Where is this bar & pub located?
The property is located at 3243 N Western Avenue Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Liquor license available for transfer; Full unfinished basement with cooler and laundry machines; Built in 1920
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