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160 N Franklin Street

Chicago, IL 60606
  • $1,099,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 12061395
$1,099,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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Type:
Business Opportunity
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Area:

School Ratings & Info

Description

Heart of Chicago's Loop. Commercial condo and all its bar/restaurant assets are for sale. The business' corporate entity is not for sale. The Pub business is currently operating as the brand, Tradition and has been for the last 12 years. Legal interior occupancy is 143 persons for the first floor (3,300 square feet) with a ceiling height of 17 feet. There is a fully equipped basement bar (1,400 square feet) with storage facilities and employee washrooms having a ceiling height of 8 feet with access to an elevator. If both interior floors would be used for the customers, the total square footage is 4,700 square feet. Restaurant frontage is 37.5 feet with additional frontage of 12.5 feet for the vacated alley used as a patio on the building's south side; plus, there is a sidewalk cafe operation. Two 12-tap handle refrigerated draft systems. Two walk-in coolers & one walk-in freezer. The kitchen has a 20-foot exhaust hood with a fire suppression system. All FF&E is included. Zoning DC-16. Proof of Funds Required Prior to Showing.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Charles Rutenberg Realty. Based on information submitted to the MRED as of 2024-07-18T23:59:30.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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160 N Franklin Street Chicago, IL 60606

  • Price: $1,099,000
  • Status: Active
  • On Site: 58 Days
  • MLS #: 12061395
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Heart of Chicago's Loop. Commercial condo and all its bar/restaurant assets are for sale. The business' corporate entity is not for sale. The Pub business is currently operating as the brand, Tradition and has been for the last 12 years. Legal interior occupancy is 143 persons for the first floor (3,300 square feet) with a ceiling height of 17 feet. There is a fully equipped basement bar (1,400 square feet) with storage facilities and employee washrooms having a ceiling height of 8 feet with access to an elevator. If both interior floors would be used for the customers, the total square footage is 4,700 square feet. Restaurant frontage is 37.5 feet with additional frontage of 12.5 feet for the vacated alley used as a patio on the building's south side; plus, there is a sidewalk cafe operation. Two 12-tap handle refrigerated draft systems. Two walk-in coolers & one walk-in freezer. The kitchen has a 20-foot exhaust hood with a fire suppression system. All FF&E is included. Zoning DC-16. Proof of Funds Required Prior to Showing.
Exterior Features

Lot Size Less Than .25 Acre

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2023 Annual Rent For Real Estate 0 Building Area Total 14000 Business Age 11+ Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Chicago Gross Profit Year 2023 Gross Sales Annual 0 Gross Sales Annual Year 2023 Mls Actual Status Active Operating Expense 0 Property Offered For Sale Only Real Estate Included Yes Rental Price 0 Sale Price Includes EquipmentTrade Fixtures Tax Annual Amount 35422 Tax Year 2022 Tenant Pays Varies by Tenant Type Bus / Bus w/Real Est Type Of Lease None

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Jameson Commercial: 312-216-8000.


© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Charles Rutenberg Realty. Based on information submitted to the MRED as of 2024-07-18T23:59:30.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Charles Rutenberg Realty
3135 Book Rd.
Naperville IL, 60563