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400 East Randolph Street Chicago, IL 60601

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For Sale
$625,000

Turnkey restaurant with prime location and breathtaking views.

Type:SCR, SCR-REST
Property size:
2,425 SF
Added:
Mar 8, 2023
Days on Market:
1127
Last Refresh:
Apr 3 at 4:56 am

Property Features for 400 East Randolph Street

General Information

Standard status
Active
Size
2,425 SF
Property subtype
SCR, SCR-REST

Building Details

Year Built
1963

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Listing Contact
Manny Regalado

Listing agent Manny Regalado

Listing office Keller Williams ONEChicago

Listing date Mar 8, 2023

Source Realnex

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 Keller Williams ONEChicago


Overview

Established Restaurant in Lakeshore East

Seven Restaurant, a dining venue located within the 400 East Randolph building in Chicago's Lakeshore East neighborhood, is available for purchase. This 2,425-square-foot commercial condominium is situated on the seventh floor of a 954-unit residential high-rise. The restaurant is positioned next to the elevators, spa, and gym entrances. It features an outdoor dining area on the seventh-floor deck with views of Millennium Park and the high-rises of Lakeshore East. Serving the community for over twenty-two years, Seven Restaurant hosts weekend events. The sale includes food and liquor licenses, a spacious kitchen, private office, dedicated computer room with Matrix CAT-6 cabling, and a stage with professional lighting for live performances and karaoke. Recent improvements include new sinks, grill, fryers, extensive shelving, and LED lighting. The building provides heat and air conditioning via the association. Located across the street from Millennium Park, Seven Restaurant has views of Cloud Gate ("The Bean"), Jay Pritzker Pavilion, Crown Fountain, Lurie Garden, and Maggie Daley Park. The property is minutes from The Magnificent Mile, the Chicago Riverwalk, the Waldorf Astoria, The Langham, The Peninsula, The Four Seasons, St. Regis Chicago, One Chicago, The Residences at 900, Gibsons Bar & Steakhouse, Prime & Provisions, Avli on The Park, and RPM Seafood. The building has a year-round outdoor pool covered by a glass dome. The property offers both covered and uncovered private parking options.
Location Intelligence

Current Use by Public Records

ILCBA Association / Organization Berkshire Homes Inc Home Builder Matt Silver, Corcoran ... Real Estate Agency Chicago Asthma Consortium Physician Seven Bar and Lounge Bar & Pub

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Dental Office Food Market Grocery & Convenience Store Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6166772
Latitude
41.8849954

FAQs

What type of property is this?
Conventional restaurant - Turnkey restaurant with prime location and breathtaking views.
Where is this conventional restaurant located?
The property is located at 400 East Randolph Street Chicago, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime Location in Lakeshore East, located in the 400 East Randolph building near Millennium Park.; Established Restaurant with 22+ years of operation, including licenses and FF&E.; Breathtaking Views from the exclusive outdoor seating area overlooking Millennium Park and the skyline.
More about this property
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