2506-2508 N Clybourn Ave
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2506-2508 N Clybourn Ave
5,500 SF Vacant Retail Building Chicago, IL 60614 $1,790,000 ($325/SF)
Investment Highlights
- Liquor License Included in Sale
- 3 Apartments on second floor
- Restaurant Bar with all equipment included
- unfinished basement with cooler
Executive Summary
Have you ever wanted to own your own bar and/or restaurant in Lincoln Park?! Now you can! For the first time in over 50 years this exceptional, family-owned building is for sale. The sale will include a 2am liquor/tavern license to open the first floor as just a bar or bar and restaurant. The main level restaurant/bar area includes tables, chairs, fireplace, two bars, and two half baths. The second level includes a large owner's apartment with 2 beds, full bath, in-unit laundry, and balcony. There are also 2 additional 1-bedroom apartments on the second level. An unfinished basement with storage and cooler completes the package. The outdoor space is massive with a two plus car garage, patio space to open an outdoor space or use as additional off-street parking. Up to 10 parking spaces total. The lot is approximately 19,800 square feet and 5,500 square foot building including basement. Zoned M1-2 Estate sale offered in "As Is" Condition.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
C
Year Built
1901
Price
$1,790,000
Price Per SF
$325
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Land Acres
0.45 AC
Zoning
M1-2
Parking
10 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
115 FT on Clybourn Ave
Walk Score ®
Very Walkable (86)
Bike Score ®
Biker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-30-400-002-0000 | Improvements Assessment | $67,500 |
| Land Assessment | $247,500 | Total Assessment | $315,000 |
PROPERTY TAXES
Parcel Number
14-30-400-002-0000
Land Assessment
$247,500
Improvements Assessment
$67,500
Total Assessment
$315,000
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2506-2508 N Clybourn Ave
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