Address
5901 W Lawrence Avenue, Chicago, IL
Price
$ 899,000
Property Attributes
- MLS#11647135
- TypeBusiness Op
- CountyCOOK
- CityChicago
- AreaCHI - Portage Park
- NeighborhoodPortage Park
- Zip60630
- StyleBar/Tavern/Lounge,Food & Beverage,Restaurant
- Taxes$ 17411
- Price$ 899,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3475
- Lot Size0.307622 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This long-standing Jefferson Park Tavern/Restaurant, along with the Retail storefront, is being offered for Sale, including the 13,400sf of total land it sits on. Two lots included altogether. This is available with or without purchasing the Business and licenses (Tavern license and Retail Food license). The structure is 3,475sf with the Tavern currently occupying 2,435sf along with a 1,040sf attached adjacent retail space that can be used for additional seating, private parties, processing carry-out orders, or a completely separate storefront to rent out for additional income. The main area layout features classic Chicago tin ceilings, hardwood flooring, camera security system, an ADA ramp leading to a raised seating area with a gas fireplace, and an additional raised area perfect for live music or buffet/catering. The bar features a wooden, custom-built shape currently with 12 beer taps with enough space to double or triple the amount taps, along with tons of space to display and store spirits. Large men's and women's restrooms in the main space with multiple stalls. The full kitchen features a 15' hood with Ansel system, two fryers, a griddle top, large range with oven, plenty of prep space, under counter refrigerator along with a reach-in, 3-compartment sink and hand wash sink. The huge basement features a large ice machine, the first walk-in cooler in front, tons of storage and possible office space, soda syrup taps, deep freezer, a massive rear walk-in beer cooler to house the kegs, along with multiple egress points from the basement for easy handling of deliveries. There's an abundance of outdoor seating with a side patio and a huge rear patio. There's also potential for 20 off-street parking spaces along with a trash enclosure and storage shed. Great accessibility here with the Metra station in close proximity along with multiple bus stops. Nearby Norridge Commons offers National brands like Amazon Fresh, Best Buy, Target, along with nearby local businesses such as Butera Market, Video Land, Earl's BBQ, Joe's Pizza, and many more.
| Price History | |
|---|---|
| 10/6/2022 | Listed $950,000 |
| 11/23/2022 | 11% - $850,000 |
| 12/20/2022 | 6% - $799,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Business Type | Bar/Tavern/Lounge, Food & Beverage, Restaurant |
| City | Chicago |
| Cooling | Central Individual |
| County | Cook |
| Days on Market | 332 |
| Directions | On the South side of Lawrence Ave., 1/3 mile west of Central Ave. |
| Lot Size Square Feet | 13400 |
| MLS Area | CHI - Portage Park |
| Operating Expense | 100000 |
| Possession | Closing |
| Property Type | Bus / Bus w/Real Est |
| Property Type | Business Opportunity |
| Standard Status | Active |
| Status | Active |
| Stories | 1 |
| Street Name | Lawrence |
| Tax Annual Amount | 17411 |
| Tax Year | 2021 |
| Tenant Pays | Other |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 3475 |
|---|---|
| Lot Dimensions | 13400 |
| Total Parking | 20 |
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 Business Op Average in 60630
Price
Taxes
Visits
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