Lizard's Liquid Lounge

3058 Irving Park Road Chicago, IL 60618

3058 Irving Park Road, Chicago, IL, 60618
3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618 3058 Irving Park Road, Chicago, IL, 60618
FOR SALE
Property Type:
Other Hospitality
Amount:
$299,000
Last Verified:
Mar 16, 2026

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Highlights

  • Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18 years.
  • The corporately held, transferable Tavern license was originally issued 61 years ago in 1965.
  • There are approximately 1,500 square feet on the first floor with an additional 780 square feet in the basement for storage.
  • The first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long.
  • A large keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 8 tap handles.
  • A 5-year gross lease starting at $5,500 per month with three 5-year options.
  • Proof of funds is required prior to scheduling a showing.
  • Do not disturb the business and its employees.
  • Co-Op Commission is 3%
  • Learn more about Lizard's Liquid Lounge at: www.lizardsliquidlounge.com

Description

Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18 years. The corporately held, transferable Tavern license was originally issued 61 years ago in 1965. There are approximately 1,500 square feet on the first floor with an additional 780 square feet in the basement for storage. The
first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long. A large keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 8 tap handles. A 5-year gross lease starting at $5,500 per month with three 5-year options. Proof of funds is required prior to
scheduling a showing.

Located in the vibrant and rapidly growing Chicago neighborhood of Irving Park, this property offers a prime investment opportunity for Hospitality / Full Service investors. The area is known for its diverse dining options, popular nightlife scene, and proximity to iconic attractions such as Wrigley Field, the Lincoln Park Zoo, and the acclaimed Theater on the Lake. With its convenient access to public transportation, including the Blue Line and multiple bus routes, the location is ideal for attracting both locals and tourists. Investors will be drawn to the area's blend of historic charm and modern amenities, making it an exciting prospect for the hospitality industry.

Building Size: 5112sq ft
Lot Size: 0 acres


Documents

JCOMM_MP_3058WIrvingParkRd_CoOpFullMP-R.pdf

Map of 3058 Irving Park Road, Chicago, IL, 60618

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.