2434 W Montrose Avenue, CHICAGO IL 60618 Photo 1 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 2 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 3 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 4 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 5 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 6 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 7 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 8
Listing Courtesy of @Properties Commercial

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2434 W Montrose Avenue - 7,000 sq ft fully built out, free standing restaurant for sale or lease in Lincoln Square! Full gut renovation in 2014 - previous owner invested over $1.5 million in improvements. 3 full bars, indoor seating for over 150 with additional patio off of Artesian, 80 inch flat screen TVs, state of the art projector and sound system, over $200K of new kitchen equipment with black iron in a 1000 sq ft kitchen. All furniture, fixtures and equipment are included in sale price. Large basement with 3 walk in cold storage areas, office, drain lines, dozens of beer lines and soda lines, ramp for keg delivery , fully equipped with surveillance/security. Current zoning is B3-2, which allows for an additional 3 floors of vertical residential construction. Condos next door are selling for $550K. Total potential sellout of a development project is $4.1 million.

Listing information

  • MLS® ID: 09181642
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 2014
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $39,774

Features

Air Conditioning Central Air
Approximate Age 1-6 Years
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Commercial
Electrical Service 201-600 Amps
Exterior Building Type Brick
Fire Protection Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors
Franchisor Feed(y/n) No
Geographic Locale Downtown Chicago
Heat/Ventilation Central Bldg Heat
Information None
Known Encumbrances None Known
Other # Of Drive In Doors - 0, # Of TL Docks - 0, Approx Total Bldg Sq Ft - 7000, Ceiling Height (Ft) - 12, Estimated Tax/Sf - 0, Gross Rental Income $ - 0, Monthly Rental Price - 12000, Net Oper Income $ - 0, Net Operating Income Year - 2016, Tax Year - 2014, Total Annual Exp - 0, Total Annual Income - 0, Zoning Type - Commr
Potential Use Commercial, Condominium, Residential-Multi-Family, Retail
Property Offered For Sale or Rent
Property Type Retail/Stores
Tenant Pays Air Conditioning, Electric, Heat, Janitorial, Other, Scavenger, Tax Stops
Water Drainage Floor Drains
Listing Courtesy of @Properties Commercial