160 N Franklin St, Chicago, IL, 60606

160 N Franklin St Chicago, IL 60606

160 N Franklin St, Chicago, IL, 60606
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FOR SALE
Property Type:
Restaurant
Amount:
$1,099,000
Last Verified:
Jul 11, 2024

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Description

Heart of Chicago’s Loop. Commercial condo and all its bar/restaurant assets are for sale. The business’ corporate entity is not for sale. The Pub business is currently operating as the brand, Tradition and has been for the last 12 years. Legal interior occupancy is 143 persons for the first floor (3,300 square feet) with a ceiling height of 17 feet. There is a fully equipped basement bar (1,400 square feet) with storage facilities and employee washrooms having a ceiling height of 8 feet with access to an elevator. If both interior floors would be used for the customers, the total square footage is 4,700 square feet. Restaurant frontage is 37.5 feet with additional frontage of 12.5 feet for the vacated alley used as a patio on the building’s south side; plus, there is a sidewalk café operation. Two 12-tap handle refrigerated draft systems. Two walk-in coolers & one walk-in freezer. The kitchen has a 20-foot exhaust hood with a fire suppression system. All FF&E is included. Zoning DC-16. Proof of Funds Required Prior to Showing.

Located in the Heart of Chicago's Loop


Year Built: 1929
Building Size: 4700sq ft
Lot Size: 0 acres


Documents

JCOMM_MP_160NFranklin.reduced.pdf

Map of 160 N Franklin St, Chicago, IL, 60606

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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."

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