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    Chicago, IL
    Theaters & Concert Hall

    Chicago, IL Theaters & Concert Halls for Sale

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    West Chicago, IL Cicero, IL Oak Park, IL
    7 properties
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    Iconic Venue on Weed Street
    Updated: Sep 1, 2025
    Iconic Venue on Weed Street

    940 W Weed St, Chicago, IL

    $4,000,000
    18,512 sqft · 0.20 AC lot
    Trophy retail asset
    Longstanding tenant: Joe’s on Weed
    Iconic live music venue, bar, and restaurant
    Opportunity to acquire
    Located at 940 West Weed Street
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    This listing looks promising.

    Here's a quick look at some key insights for

    940 W Weed St, Chicago, IL

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $345K
      Annual

    • Mortgage

      $7.66M
      Mar 2017

    • Last Sold

      Apr 2016
      $9.3M

    • Property Type

      Retail Stores
      Built 1922
    View Property Analytics
    Theater and Mixed-Use Building
    Updated: May 31
    Theater and Mixed-Use Building

    5401 W Madison Street, Chicago, IL 60644

    $415,000
    0.16 AC lot
    Over 6,000 SF mixed‑use commercial space, currently used as the ESO Theater with multiple performance areas
    AV hook‑ups in multiple performance areas for audio/visual integration
    Second level includes two fully equipped apartments: one 3 bed/1.5 bath and one 2 bed/1 bath
    Combined apartment rental income potential of $3,000+ per month
    Zoned B3‑2 and licensed as a Public Place of Amusement and Performing Arts venue
    View details
    Mixed-Use Theater and Apartments
    Mixed-Use Theater and Apartments

    5401 West Madison Street, Chicago, IL 60644

    $415,000
    6,752 sqft

    Purpose-built theater with mixed-use space and two apartments, offering flexible zoning and on-site residential income potential.

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    Theater with Residential Income Units
    Theater with Residential Income Units

    3014 W Irving Park Road, Chicago, IL 60618

    $1,099,000
    5,183 sqft

    Mixed-use property featuring a theater and two renovated apartments.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Corner Property with Event Hall
    Mixed-Use Corner Property with Event Hall

    3935 South Kedzie Avenue, Chicago, IL 60632

    $230,000
    5,625 sqft

    Mixed-use corner building with a main-level event venue and income-producing SRO units, sold as-is with violations.

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    Historic Chicago Landmark Event Venue
    Historic Chicago Landmark Event Venue

    201 S Ashland Avenue, Chicago, IL 60607

    $9,995,000

    Renovated landmark building in Chicago, ideal for diverse events.

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    Chicago Theater with Ample Parking
    Chicago Theater with Ample Parking

    5530 W Homer Street, Chicago, IL 60639

    Contact for pricing
    57,976 sqft · 9.97 AC lot

    Single tenant, net leased AMC Theatre with 10 years remaining.

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    Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 7 Active listings in Chicago, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Versatile Retail Entertainment Building
    Versatile Retail Entertainment Building

    8171 Whitehall Road, Whitehall, MI 49461

    $665,000
    6,000 sqft · 2.64 AC lot

    Large commercial building with existing parking and 3-phase power, offering flexible options under Business zoning.

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    Commercial Building with 3-Phase Power
    Commercial Building with 3-Phase Power

    8171 Whitehall Road, Whitehall, MI 49461

    $665,000
    2.64 AC lot

    Busy roadside commercial building with a prior three-screen theater setup, substantial power, and parking on over 2.6 acres.

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    Showland Theater with 7 Screens
    Showland Theater with 7 Screens

    2745 N Oak Road, Plymouth, IN 46563

    $1,500,000
    10.00 AC lot

    Multi-screen theater with seven screens and 10 acres of commercial land, suited for entertainment operations or adaptive reuse.

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    Plymouth Theater with Commercial Land
    Plymouth Theater with Commercial Land

    2745 N Oak Road, Plymouth, IN 46563

    $1,500,000
    10.00 AC lot

    Seven-screen theater with 10 acres of commercial property.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Corner Parcel in Siloam
    Prime Corner Parcel in Siloam

    HWY 412 & LINCOLN lot: 5, Siloam Springs, AR 72761

    $2,600,000
    7.61 AC lot

    High-visibility 7.61-acre corner parcel in rapidly growing Northwest Arkansas.

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    Multi-Use Industrial & Event Property
    Multi-Use Industrial & Event Property

    92ac Checkered Flag Way, Maud, TX 75567

    $645,000
    92.35 AC lot

    A rare motorsports and industrial development site with existing venue infrastructure and substantial undeveloped acreage.

    View details
    Commercial Rural Land Parcel
    Commercial Rural Land Parcel

    1153 Belfield Boulevard, Landers, CA 92285

    $295,000

    Commercial rural zoned land with a water meter and electric at the street, suitable for a range of site-planned uses.

    View details

    Off-Market Properties in Chicago, IL

    Consider similar Off-Market properties in Chicago, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4054 Milwaukee Ave
    THEATER (MOVIE)

    4054 Milwaukee Ave, Chicago, IL 60641-3899

    $700,000
    Estimated value
    View details
    3137 Halsted St
    THEATER (MOVIE)

    3137 Halsted St, Chicago, IL 60657

    Value Estimation by Request
    17,900 sqft · 0.22 AC lot
    View details
    3320 Roosevelt Rd
    THEATER (MOVIE)

    3320 Roosevelt Rd, Chicago, IL 60624

    $7,130,000
    Estimated value
    17,500 sqft · 0.04 AC lot
    View details
    1113 Homan Ave
    THEATER (MOVIE)

    1113 Homan Ave, Chicago, IL 60624

    $1,380,000
    Estimated value
    1.48 AC lot
    View details
    2123 Rockwell St
    THEATER (MOVIE)

    2123 Rockwell St, Chicago, IL 60647-3070

    Value Estimation by Request
    4,900 sqft · 0.40 AC lot
    View details
    2135 Milwaukee Ave
    THEATER (MOVIE)

    2135 Milwaukee Ave, Chicago, IL 60647-4014

    $605,000
    Estimated value
    10,600 sqft · 0.76 AC lot
    View details
    2135 Milwaukee Ave
    THEATER (MOVIE)

    2135 Milwaukee Ave, Chicago, IL 60647-4014

    $1,505,000
    Estimated value
    122,600 sqft · 0.10 AC lot
    View details
    1457 Webster Ave
    THEATER (MOVIE)

    1457 Webster Ave, Chicago, IL 60614

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    1453 Webster Ave
    THEATER (MOVIE)

    1453 Webster Ave, Chicago, IL 60614

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    1463 Webster Ave
    THEATER (MOVIE)

    1463 Webster Ave, Chicago, IL 60614-3049

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    1455 Webster Ave
    THEATER (MOVIE)

    1455 Webster Ave, Chicago, IL 60614-3049

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    1451 Webster Ave
    THEATER (MOVIE)

    1451 Webster Ave, Chicago, IL 60614-3049

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    1459 Webster Ave
    THEATER (MOVIE)

    1459 Webster Ave, Chicago, IL 60614-3049

    $29,335,000
    Estimated value
    100,400 sqft · 0.07 AC lot
    View details
    8408 87th
    THEATER (MOVIE)

    8408 87th, Chicago, IL 60620

    Value Estimation by Request
    10.47 AC lot
    View details
    4815 Magnolia Ave
    THEATER (MOVIE)

    4815 Magnolia Ave, Chicago, IL 60640

    $1,485,000
    Estimated value
    56,800 sqft · 0.42 AC lot
    View details
    171 Randolph St
    THEATER (MOVIE)

    171 Randolph St, Chicago, IL 60601-3121

    Value Estimation by Request
    0.14 AC lot
    View details
    3940 Lawrence Ave
    THEATER (MOVIE)

    3940 Lawrence Ave, Chicago, IL 60625-6234

    $570,000
    Estimated value
    10,300 sqft · 0.29 AC lot
    View details

    Chicago, IL Theaters & Concert Halls Market Trends and Statistics

    Explore 72 theaters & concert halls for sale in Chicago, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 59,072 square feet of properties for sale, with an estimated market value of $15,494,000.

    Sale prices for performance venues in Chicago, IL start at $230,000, averaging $3,098,800, and reaching up to $9,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Fitness centers & gyms 43
    Theaters & concert halls 13
    Night clubs 3
    Bowling alleys 1

    Demographics Overview

    Population 2.91M
    Population Growth (5Y) +0.6%
    Median Household Income $76,477
    College Educated 44.3%

    High-Yield Neighborhoods for Investment

    Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60632 $230K
    60644 $415K
    60618 $1.1M
    60607 $9.9M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Chicago fall within the 10,000+ square foot range.

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    Most Searched ZIP Codes in Chicago, IL

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    • 60644
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