| Property Description: Mixed-use property with restaurant/retail commercial space for sale on the renown Halsted Street dining corridor. |
| This offering presents owner / operators with the opportunity to acquire a second generation restaurant property stabilized by additional income from three apartments of this four-story mixed-use property. In addition owner and developers alike have the unique opportunity to acquire an extremely rare value-add portfolio, or to pursue the redevelopment of the entire site, which includes four (4) multifamily / mixed-use assets.
The former restaurant space, located on the ground floor, features a large Type I hood and a lower level for dry storage or potentially licensable for additional occupancy. Situated near the bustling intersection of North Ave. and Halsted St., this property is in close proximity to the Apple store and other notable big-box retailers, and is approximately one mile from the proposed Bally’s Casino development. Stroll down Halsted Street, renowned for its world-famous restaurants and award-winning dining establishments, including the only three-star Michelin restaurant just steps away. Additionally, the Steppenwolf Theater, located directly across the street, attracts a steady stream of theatergoers, enhancing the property’s appeal.. |
| Location: Lincoln Park |
| This picturesque neighborhood is a nature lover’s dream — manicured gardens, a hidden lily pond, a historic indoor botanical garden, and tons of lakefront green space with sweeping city views. Lincoln Park is also a shopper’s paradise. The charming area around Armitage and Halsted is where you’ll find beautiful boutiques lined up in historic row homes. It is home to an acclaimed dining scene that includes one of the best restaurants on the planet.
– choosechicago.com |
| Purchase Price | Accepting Offers | OpEx | N/A |
| Size (Approx.) | (3) 3 BR / 2 BA Apts., 2,019 SF (Retail) | Zone | PD 1484 |
| Property Taxes | $44,518.91 (2023) |
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Virtual Tours
| Ground Floor | Lower Level | ||
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Contact
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Monica Palermo Broker 312-575-0480 Ext. 115 312-714-4422 (Cell) monicapalermo@kudangroup.com |
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Juan Carlos Gomez Principal 312-575-0480 Ext. 111 773-543-2045 (Cell) juancarlos@kudangroup.com |
Inquire
| 1625 N. Halsted St., Chicago, IL |
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Kudan Group, Inc.
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