Description
Located at 1525 N. Wells in the heart of Chicago's vibrant Old Town neighborhood, this impeccably built, modern bar. This is a rare turnkey opportunity. The previous tenant operated with a full suite of licenses, including a corporate liquor license, PPA license, retail food license, and a sidewalk cafe permit. The space features approximately 6,578 square feet of interior space with an approved occupancy of 239 guests, plus seating for 42 on the sidewalk cafe. Boasting 50 feet of prime frontage along Wells Street, the property benefits from excellent visibility and heavy foot traffic, complemented by wide sidewalks ideal for outdoor dining. Inside, the main bar and dining area span an impressive 80'6" in depth and 49'8" in width, with 11-foot ceilings creating an open, airy atmosphere. The centerpiece is a striking rectangular bar offering 72 linear feet of service space-perfect for high-volume operations. This is a high-grossing, fully built-out venue in one of Chicago's most sought-after hospitality corridors, ready for its next operator.
Details
| MLS # | 12614741 |
|---|---|
| Listing Type | For Lease |
| Style | Retail/stores |
| Status | Active |
| Year | 1930 |
| Days On Site | 151 |
| Listing Provided By | Westward Properties LLc | David Grieco |
Features
| Story(s) | 1 |
|---|---|
| Units | 1 |
| Zoning | COMMR |
| Acreage | 0.30 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Cable Available, Fiber |
|---|---|
| Electric | Circuit Breakers, Service - 201 to 600 Amps |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 143422 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60610 |
| Area | CHI Near North Side |
| Listing VS Median (in 60610) | |
Price: $53 low | high Med: $394,950 On site: 151 low | high Med: 31 | |
Market Activity 60610
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60610 |
| Area | CHI Near North Side |
| Listing VS Median (in 60610) | |
Price: $53 low | high Med: $394,950 On site: 151 low | high Med: 31 | |
