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About the Listing 24060 - 89680
"Exceptional Mixed-Use Investment Opportunity in Lincoln Park" Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The entire building (including apartments) has approximately 5,500 square feet and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold "AS-IS"...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Commercial Sale
MLS ®
12681126
Year Built
1900
Total Square Footage
5,500
Lot/Acreage
0.23
County
Cook
Area
CHI - Lincoln Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Central Heat/Indiv Controls,Forced Air,Gas
- Fireplaces: 2
- Floor: Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 126X90X146X19
- Zoning: COMMR
- Roof: Membrane,Rubber
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Open,Paved,Private Lot,Parking On-Site,Parking-Street,Detached
Financial Details
- Tax Amount: $34,719
- Taxes w/Assessments: N/A
- Tax/Property ID: 14304000020000
- Tax Year: 2024
Payment Calculator
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Questions About..
2506 N Clybourn Ave Chicago, IL 60614
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