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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Town Chicago, IL 60642

2,500 SF 2600 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,500 SF
Lot 2600 ac (113,256,000 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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