West Loop – Chicago, IL

Property Description: Two level restaurant and bar for sale on highly sought after food and entertainment corridor.
Presenting the opportunity to purchase a second generation restaurant and bar with licenses on a high traffic pedestrian market. The location is at the epicenter of Chicago’s renown hospitality scene. The offering features, duo-level occupancy for potential split concepts and additional prep, serviced by a private elevator. The space has seen a recent build to allow for optimal flow and operation. Take advantage of an opportunity that allows for a quick re-concept.   Do not approach employees or management as this is an operating business.  All showings must be scheduled during off-operating hours and accompanied by broker.

Key Features:

Turn-Key: Re-concept and operate in a short time frame, by assuming the corporately held licenses.
Exposure: Located on a high pedestrian count street with year-round organized private and public events.
Outdoor Space: In addition to the indoor, the space opens out to a sizable public patio cafe on a highly sought after corridor.

Location: West Loop/Fulton Market
A former meat-packing district, the West Loop has become one of the most dynamic dining destinations in the city. In particular, a stretch of Randolph Street known as Restaurant Row is where you’ll find many of the neighborhood’s most celebrated spots, from high-end tasting menus to hidden ramen joints to fourth-generation sandwich shops. Nearby Fulton Market has an industrial vibe that bursts with activity, thanks to trendy restaurants and bars that have taken over the old warehouse spaces. Between meals, you can explore the West Loop’s art galleries, shops, and boutique hotels. In the summer, the market heads outdoors with live music and pop-up bars.

choosechicago.com

Purchase Price $499,000 (Bus.) Property Taxes N/A
Lease Rate $34.65 SF Blended OpEx N/A
Size (Approx.) 2,900 SF (Bus.) Duo Level Licenses/ Permits Retail Food, Icdl. Liquor

Downloads
Select to download document.

Marketing Material NDA Floor Plan – Ground Floor Floor Plan – Lower Level
Signed NDA Required Signed NDA Required

Pictures 

360 Virtual Tours

Interior – Ground Floor Interior – Lower Level
Street Tour

Signed NDA Required

Contact

Juan Carlos Gomez
Principal
312-575-0480 Ext. 111
juancarlos@kudangroup.com

Inquire

West Loop – Chicago, IL (Code JG1097)

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Free Standing Single-Tenant Restaurant and Brewery for Sale. https://kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender.  For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners. 

View full weekender email here: https://conta.cc/4dSiBaV Join our growing community to be in the know.

Free Standing Single-Tenant Restaurant and Brewery for Sale. kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender. For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners.

View full weekender email here: conta.cc/4dSiBaV Join our growing community to be in the know.
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1 years ago