1072 N Milwaukee Ave

Chicago, IL 60642
  • $1,600,000

    Price
  • 6,400

    SqFt
  • 0.12

    Acre

About the Listing 88047 - 849804

**Exceptional Restaurant & Bar Opportunity with Expansive Beer Garden and Live Entertainment Licensing!** Outstanding opportunity to establish or expand a restaurant, bar, or entertainment concept in this versatile, approximately 6,400-square-foot commercial property, offering a **total occupancy of 238 patrons** across multiple indoor and outdoor spaces. A standout feature is the expansive **1,600-square-foot outdoor beer garden with capacity for 103 guests**, ideal for outdoor dining, seasonal events, and social gatherings. The main-level bar offers approximately 1,600 square feet with occupancy for 85 guests, while an additional 1,600-square-foot upper level accommodates 50 guests, providing excellent flexibility for private events, additional dining, or entertainment. The property features an approximately 500-square-foot commercial kitchen equipped with a substantial **20-foot exhaust hood**, well suited for a high-volume food and beverage operation. A 1,600-square-foot basement provides cooler and storage space, along with two restrooms. **A significant added benefit is the property's Public Place of Amusement (PPA) license, allowing for live music and entertainment**, subject to applicable license conditions. This creates exciting opportunities for live performances, DJs, special events, and an enhanced nightlife experience. With its generous occupancy, expansive outdoor beer garden, commercial kitchen infrastructure, and live entertainment licensing, this property offers tremendous potential for restaurant operators, hospitality groups, and entertainment concepts seeking a dynamic, multifaceted venue. **A unique opportunity to create a premier dining, nightlife, and entertainment destination!**

Listing Highlights for 1072 N Milwaukee Ave

Status Active
Days on Site 2
Property Type Business Opportunity
MLS ® 12783152
Year Built
Total Square Footage 6,400
Lot/Acreage 0.12

Interior Details

  • Appliances:
  • Air Cond: Central Air
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 50x99
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $24,134
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 17053080820000
  • Tax Year: 2025

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Listing Location

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1072 N Milwaukee Ave Chicago, IL 60642

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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