Sold

1401 W Devon Avenue

Chicago IL, 60660

$1,450,000


$367.09 per sqft

Sold

3,950 sqft

Commercial

Built in 1978

Courtesy of Evolve Commercial Real Estate, LLC

Tremendous opportunity to own a 3,950 square foot free standing fully equipped award-winning restaurant, with a 3,950 square foot basement (currently used for a prep kitchen, office space, green room, storage and 2 walk in coolers & 1 walk in freezer). Both dining rooms are beautifully decorated & the bar features an original art deco style back bar & matching fireplace surround (double sided). FF & E can be purchased seperately. The property can be used for other commercial uses or can be redeveloped into a mixed-use development. The property's Zoning is B3-2. The building is located on 8,250 (125' x 66') square feet of land (lots 1 & 2). The adjacent vacant land parcel (lot 3), 6346 N. Glenwood Avenue, totaling 4,166 square feet (125' x 33'), is not included in the current offering but can be purchased separately. This parcel is listed by Barbara O'Connor from Dream Town and the brokers will work together if a group is interested all parcels. The building's roof top is home to the country's 1st certified organic roof top farm. - M.O.S.A. 2008 The prior tenant uses the parking lot for a year-round licensed beer garden. Alternatively, there is parking for 8 cars on lot 1 & 2. The prior tenant had food, incidental liquor license, beer garden & a full public place of amusement license. There is also a state-of-the-art sound system in the back entertainment room. Current occupancy is 145 indoor seats. The property is in Chicago's Northside Edgewater neighborhood in walking distance to Loyola University, CTA Loyola Red Line Train Stop, Edgewater Beach and recently opened Target store located on Sheridan Avenue. Edgewater was ranked by 'Money' website as the fifth top 50 places to live in the U.S.

11649568

MLS ID

October 10, 2022

Listed

March 28, 2024

Updated

Map

1401 W Devon Avenue
Chicago IL, 60660

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.19 Acres

Other Property Details

Area Name

CHI - Edgewater


Taxes

$32,628


Tax Frequency

Annually


Days on Market

408


Garage

No


View

No


County

Cook


Municipality

Lake View


Pool

No


Zoning

COMMR

Listing History

Date

Event

Price

2/7/2024

Sold

$1,450,000

2/6/2024

Price Change

$1,450,000

-4%

2/6/2024

Sold

$1,450,000

Courtesy of Evolve Commercial Real Estate, LLC, Wilhelm Kreuzer,
Listing Contact: 312-914-9400 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Shore Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:19 AM UTC, 3/28/2024

 

 

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