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Property profile & analytics
FOR SALE
Bars & Pubs

737 N La Salle St Chicago, IL 60654

Built 1970
Property ID
US28-Q022026
Property summary
AI-generated overview

Multi-Level restaurant/Bar space for lease. 14,656 sq ft of total space over 3 floors plus lower level. Can be divided for the right uses. Zoned DX-7. Fully Sprinklered building and new elevator being installed. approx. 3664 sq ft per floor. Main floor has full bar, kitchen with black iron and prep and dining room as well as 2 multi-stall bathrooms. Lower level has small bar, storage, office, bathroom as well as utility rooms. 2nd floor has another bar, dining area and bathrooms as well as a second kitchen with black iron. Dish hoods in both kitchens. 50 feet of frontage for outdoor patio, second floor garage doors to open front wall, and rear parking for owners or employees. Allowing this to be a great floor for private dining, events etc. 3rd floor currently set as storage and office but could be made into dining or event space. 800-amp 3 phase electric. Tons of potential in this space that housed Cafe Iberico for over 30 years. Amazing location in the heart of River North with endless vehicular traffic and neighborhood density. Close to train and highway with bus stops just outside the space.

Property profile
Verified
Property type Bars & Pubs
Year built 1970
UPID US28-Q022026
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
Current use
Occupant on record · Public records
  • Iberico Express River North Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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