The Cork Lounge

Description:

Corporately held Tavern & Retail Food licenses with real estate operating for 4 decades with the same ownership. The Alderman’s office has agreed to go through a vetting process with a potential buyer regarding lifting the moratorium to allow for the grandfathering of the licenses though the purchase of the business’ corporate stock. 44 feet of frontage on Addison & 125 feet deep; the building is adjacent to the CTA Brown Line Addison stop which had 373,330 commuters in 2024. CTA Addison Bus #152 had 2,135,761 commuters in 2024 going to and from Wrigley Field. The 2024 daily traffic count on Addison had 15,200 vehicles and 10,300 vehicles on Lincoln Ave. Interior ceiling height is 12 feet; the bar is 39 feet long. The Cork Lounge is on the east side of the building; the restaurant on the west side pays $4,800 per month and is on a month-to-month lease with the Cork Lounge’s owner. 2023 RE taxes: $34,527. The real estate is to be sold AS-IS. Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees.

Discover the vibrant surroundings of the soon-to-be iconic property located in the heart of Chicago. Situated in the bustling neighborhood of Lakeview, this prime location offers an array of amenities, including an eclectic mix of dining options, retail shops, and entertainment venues. Nearby attractions such as Wrigley Field and the Lakefront Trail provide endless opportunities for recreation and relaxation. With easy access to public transportation and a thriving commercial district, the area is an excellent choice for office investors seeking a dynamic and well-connected location for their next venture. Invest in the future of Chicago's commercial real estate landscape with this exceptional opportunity.

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