Address
160 N Franklin Street, Chicago, IL
Price
$ 1,099,000
Property Attributes
- MLS#12061371
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Loop
- NeighborhoodLoop
- Zip60606
- Style
- Year Built1890
- Taxes$ 35422
- Price$ 1,099,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14000
- Lot Size0.185331 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 5/21/2024 | Listed $1,099,000 |
General Features
| Cooling | Central Air |
|---|---|
| Utilities | Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal |
| Year Built | 1890 |
| Electric | Circuit Breakers |
| Tenant Pays | Varies by Tenant |
| Stories | 4 |
| Property SubType | Restaurant |
| Tax Year | 2022 |
| County | Cook |
| Property Type | Commercial Sale |
| Contingency | Other Contingency |
| Status | Contingent |
| Directions | North on Franklin Street to Address |
| City | Chicago |
| MLS Area | CHI - Loop |
| Lot Size Square Feet | 8073 |
| Street Name | Franklin |
| Tax Annual Amount | 35422 |
| Additional Parcels Y/N | No |
| Leasable Area | 4700 |
| Days on Market | 16 |
| Standard Status | Active Under Contract |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Building Area Total | 14000 |
|---|---|
| Lot Dimensions | 100X80.73 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60606
Price
Taxes
Visits
Year Built
