1374 W Grand Avenue , Chicago, IL 60642
Chicago, IL 60642
Description
1374 W. Grand Avenue is a three-story mixed-use building located in Chicago's West Town Neighborhood. The property was originally constructed in 1878 and extensively renovated in 2006, with 7,830 SF of space on three floors above grade and a full height 2,750 SF basement. The property has been operated for the past 22 years as Bella Notte Restaurant and Bar, a popular neighborhood establishment. The restaurant occupies the first and second floors and the third floor is configured as a 2,346 SF apartment. 1374 W. Grand is immediately north of Chicago's Fulton Market Neighborhood and proximate to the proposed Bally's Casino slated to be developed in the former Chicago Tribune site on the Chicago River. With numerous commercial, hospitality, and multifamily developments in immediate surrounding areas 1374 W. Grand is well positioned to capitalize on local growth. This offering presents an investor or operator the chance to acquire a highly improved property with a turn-key restaurant business for a basis far below replacement cost, or capitalize on the B3-2 zoning and create additional multifamily dwelling units.
Details
| MLS# | 11905304 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1878 |
| Days On Site | 360 |
| Listing Provided By | ACO Commercial | George Toscas |
Features
| SQ Feet | 5,200 |
|---|---|
| Story(s) | 3 |
| Units | 2 |
| Zoning | COMMR |
Market Activity 60642
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60642 |
| Area | CHI West Town |
| Listing VS Median (in 60642) | |
Price: $1,150,000 low | high Med: $341,950 SqFt: 5,200 low | high Med: 1,400 $ / SqFt: $221 low | high Med: $250 On Site: 360 low | high Med: 65.500000 | |