Prominent Restaurant/Bar for Sale on the Near West Side

Confidential Chicago, IL 60612

Confidential, Chicago, IL, 60612
Stock Image For Marketing Purposes
Confidential, Chicago, IL, 60612
FOR SALE
Property Type:
Restaurant
Amount:
$349,500
Last Verified:
Dec 18, 2024

Daily Email Blast
0 times


Highlights

  • Proximity to the United Center and thousands of people attending sporting and music events
  • 9,693 SF space and includes two island bars and a mezzanine level
  • Huge outdoor patio with seating for 100 people
  • Ideal space for private events and/or live music
  • Zoned B3-3
  • Business Sale Only

Description

Open and operating restaurant/bar for sale on the Near West Side with an occupancy for over 250 people. The space is 9,693 SF and includes two island bars, one seats 35 and the other 20, a large dining area as well as a mezzanine level. Ideally located close to the United Center offering a great opportunity for both corporate and private events. Huge outdoor patio with seating for 100. Sizable kitchen with a 30ft hood and a giant rotating/deck pizza oven. Corp. includes a valuable PPA license. NDA is required for more information.

The Near West Side is located just west of the Chicago River and adjacent to the Loop. It includes several diverse neighborhoods offering a wide variety of business and social opportunities as well as thriving residential communities. The area is home to the University of Illinois at Chicago (UIC), the Illinois Medical District and most notably the United Center. It is easily accessible by train through Union Station and Ogilvie Station as well as by vehicle via the Jane Byrne Interchange.

Building Size: 9693sq ft
Lot Size: 0 acres


Documents

SVN - Brochure (L)

Map of Confidential, Chicago, IL, 60612

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.