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75 E 16th St
Chicago, IL 60616

75 E 16th · Retail Property For Sale

Investment Highlights

  • Retail condominium in booming South Loop
  • Amply plumbing
  • Liquor License
  • Very Strong Demographics
  • Light food service, bar, coffee, juice
  • Easily converted to any retail need

Executive Summary

Retail condominium in the booming South Loop neighborhood of Chicago. Currently occupied by the very popular 16th Street Bar & generating strong annual revenue. Licensed and approved for liquor sales. Amply plumbed & can be easily converted to any retail or medical use. This approximately 1,100 square foot space features stylish design, herringbone pattern wood flooring, stylish fixtures, attached bar, two restrooms, three compartment sink, slop sink, storage, pantry, utility closet & spacious open floor plan with frontage along E 16th & excellent visibility. Can be delivered vacant subject to current lease &/or in vanilla box condition. Location boasts strong demographics and booming population. Walk score and transit score of 100! Walkers & Riders Paradise. Average annual household income within 1 mile is $132,834. Average retail rent is $29.56 and vacancy rate is 7.5%. Annual Consumer spending within 1-mile is $923,149,736. Why rent when you can Buy. www.adamlashcre.com

PROPERTY FACTS

Property Type Retail
Property Subtype
Bar
  • General Retail Restaurant
  • General Retail Storefront
Gross Leasable Area 1,100 SF
No. Stories 1
Year Built 2000
APN / Parcel ID 17-22-301-057-1005

zoning

Zoning Code DX-5 (Downtown Mixed-Use District)
DX-5 (Downtown Mixed-Use District)
  • Listing ID: 30981177

  • Date on Market: 2/16/2024

  • Last Updated:

  • Address: 75 E 16th St, Chicago, IL 60616

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