0 Town Chicago, IL 60642
This thriving 2,500 square foot bar and restaurant, located on a prominent corner lot in Chicago's vibrant West Town neighborhood (zip code 60642), presents a unique investment opportunity. The property boasts a favorable long-term lease and is situated on a 2.6-acre lot, zoned B3-3. The business is currently configured to seat over 140 patrons indoors, with additional seating available on a sizable outdoor patio. All necessary licenses – including tavern and retail food permits – are corporately held and transferable to the new owner, ensuring a seamless transition. The asking price is $325,000, translating to $130 per square foot. This established concept offers significant potential for continued success or adaptation to a variety of hospitality uses. The location benefits from its proximity to several other distinct neighborhoods, including Ukrainian Village, Noble Square, East Village, and Wicker Park, ensuring a diverse and robust customer base. This turnkey operation provides an exceptional opportunity for an owner/user to acquire a well-established business in a high-demand area. The substantial outdoor space adds significant value and versatility. This is a rare chance to own a profitable, established business with significant upside potential in a thriving Chicago neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.