Business Sale with Lease Assignment

5212-5214 N Clark St Chicago, IL 60640

5212-5214 N Clark St, Chicago, IL, 60640
5212-5214 N Clark St, Chicago, IL, 60640 5212-5214 N Clark St, Chicago, IL, 60640
FOR LEASE
Property Type:
Restaurant
Last Verified:
Feb 01, 2023

Highlights

  • This is a business sale with lease assignment
  • Fully-fixtured restaurant
  • B3-2 zoning
  • New black iron, SS hood, make-up air and fire suppression system
  • Long-term assignable lease
  • Corporately held and transferable licenses or as of right new licenses
  • Well-designed space with exceptional finishes
  • Space can easily be adapted to accommodate a variety of different hospitality concepts
  • Two-12 mixed-use assessment classifications

Description

Premier Restaurant/Bar location for sale in the heart of Andersonville. The subject restaurant contains approximately 3,800 SF of grade-level restaurant space together with a 2,000 SF fully finished basement and five (5) parking stalls in the rear of a two-story mixed-use building. The restaurant features 40’ of frontage along Clark Street with a spectacular storefront. Purpose-built just over three years ago and is handicap accessible. The property is zoned B3-2.
The restaurant's first floor has an existing occupancy placard allowing for 82 interior seats and 20 sidewalk café seats. A significant amount of additional seating can likely be added, limited in part to the washroom count of four (4) washrooms, two (2) of which are handicap accessible.
Fully finished basement includes separate food and beer walk coolers. The beer cooler has a 12-line beer system. The basement area also includes dry storage and a manager’s office. The mechanical, electrical and plumbing systems are like new. The restaurant is served by a three-phase electrical service and a two-zone HVAC system. The kitchen is served by a 12’ Captive Air hood with full black iron grease ducts, gas fired make-up air unit and a fire suppression system.
Please note this is a business sale with and assignment of the underlying lease. For additional details, contact the agent. This offering includes an extensive furniture, fixture and equipment package. A complete inventory of assets to be conveyed is available as are complete architectural and engineering drawings.

Andersonville is one of the most diverse neighborhoods in the city, with a thriving nightlife district along Clark Street, parks for families with children, and easy access to the lakefront and city beaches. Communities everywhere now look to emulate Andersonville as a model of a thriving urban neighborhood. The neighborhood is a hit with young working adults who recognize the neighborhood's benefits, which is a quick 20-minute 'El' ride to the Loop for those working downtown.
Andersonville was named one of the hottest neighborhoods in the US by Redfin. It also enjoys nationwide acclaim for its unique commercial district, comprising a great blend of locally owned, independent businesses, regional and national retailers and restaurants. In addition, Chicago Concierge awarded Andersonville one of the top 5 shopping destinations.
The Chicago Transit Authority (CTA) Red Line train has stops at nearby Berwyn and Bryn Mawr avenues, just to the east of the neighborhood about four blocks (the ride to the Loop takes anywhere from 20 to 40 minutes depending on the time of day, day of the week and any given construction issues). CTA buses also do their part to make sure Andersonville residents can get around quickly and easily. The neighborhood’s main routes are the #92 which runs east/west along Foster Avenue and the #22 which heads north/south on Clark Street. The #50 is also a handy bus that cruises through Andersonville on Ashland Avenue.

Building Size: 3800sq ft
Lot Size: 0 acres


Documents

NEW - Brochure (L)

Units for Lease

5212-5214 N Clark Street
Space Available: 3800 SF
Lease Type: NNN

Map of 5212-5214 N Clark St, Chicago, IL, 60640

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.