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Listed by Michael Kangof Coldwell Banker Realty
$ 675,000
Est. payment | /mo
2,700 SqFt
$ 675,000
Est. payment | /mo
2,700 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $250
MLS Listing ID 12544597
Annual Tax Amount $16,289
Tax Year 2023
Lot Dimensions 48 X 120
Property Sub-Type Bus / Bus w/Real Est
Property Description
Rare opportunity to acquire a 2700 SF building situated on a 5,670 SF lot along high-traffic Lawrence Ave. The property includes approximately 13 parking spaces and is zoned B3-1, allowing commercial use on the first floor and the potential to add residential units above for rental income or resale. The restaurant seats around 80 guests across a main and smaller dining area and has been well-maintained with updates including a repaired roof, modern interior remodel, new HVAC system, and boiler replacement. The versatile first-floor space can continue as a restaurant or be adapted for retail or office use, offering flexibility for a variety of business models. Ideal for restaurateurs, investors, or entrepreneurial buyers, this property combines an established operation with brand recognition, prime real estate, and significant mixed-use development potential in one exceptional package.
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
View Y/N true
Building
Structure Type Brick,Concrete
Others
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676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States