Property summary
This exceptional 4,898 square foot free-standing restaurant is ideally located at the corner of Wabash and 21st in Chicago's vibrant South Loop, between Michigan Avenue and State Street. Built in 1998, this single-tenant property boasts a fully equipped kitchen, two walk-in coolers, and a spacious dining area with seating for over 200 patrons, plus a separate bar area. The current owner, a seasoned restaurant operator, is open to partnering with a qualified and experienced operator. The property presents a unique opportunity to capitalize on the South Loop's burgeoning growth. This dynamic neighborhood is experiencing a significant revitalization, attracting developers, investors, and businesses alike. New residential and commercial developments are transforming the area, creating a thriving environment for restaurants and other businesses. The property's strategic location ensures high visibility and accessibility, while the potential for a large outdoor patio adds further appeal. This turnkey restaurant space offers immediate operational capabilities and significant upside potential in a rapidly developing area of Chicago's Near South Side. The property is situated in Cook County.
Property profile
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Current use
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Apartment Complex Commercial Real Estate Agency
Location
Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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