Town Chicago, IL 60642
- Retail properties
- 2,500 SF
- 2,600.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Town
- Lot size
- 2,600.00 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6532
- Latitude
- 41.9007
