Business Sale with Lease Assignment

Highlights:

• Fully-fixtured restaurant
• B3-2 zoning
• New black iron, SS hood, make-up air and fire suppression system
• Long-term assignable lease
• Corporately held and transferable licenses or as of right new licenses
• Well-designed space with exceptional finishes
• Space can easily be adapted to accommodate a variety of different hospitality concepts
• Two-12 mixed-use assessment classifications

Description:

Premier Restaurant/Bar location for lease in the heart of Andersonville. The subject restaurant contains approximately 3,800 SF of grade-level restaurant space together with a 2,000 SF fully finished basement and five (5) parking stalls in the rear of a two-story mixed-use building. The restaurant features 40’ of frontage along Clark Street with a spectacular storefront. Purpose-built just over four years ago and is handicap accessible. The property is zoned B3-2.
The restaurant's first floor has an existing occupancy placard allowing for 82 interior seats and 20 sidewalk café seats. A significant amount of additional seating can likely be added, limited in part to the washroom count of four (4) washrooms, two (2) of which are handicap accessible.

The fully finished basement includes separate food and beer walk coolers. The beer cooler has a 12-line beer system. The basement area also includes dry storage and a manager’s office. The mechanical, electrical, and plumbing systems are like new. The restaurant is served by a three-phase electrical service and a two-zone HVAC system. The kitchen is served by a 12’ Captive Air hood with full black iron grease ducts, gas gas-fired make-up air unit, and a fire suppression system.

Andersonville is one of the most diverse neighborhoods in the city, with a thriving nightlife district along Clark Street, parks for families with children, and easy access to the lakefront and city beaches. Communities everywhere now look to emulate Andersonville as a model of a thriving urban neighborhood. The neighborhood is a hit with young working adults who recognize the neighborhood's benefits, which is a quick 20-minute 'El' ride to the Loop for those working downtown.
Andersonville was named one of the hottest neighborhoods in the US by Redfin. It also enjoys nationwide acclaim for its unique commercial district, comprising a great blend of locally owned, independent businesses, regional and national retailers and restaurants. In addition, Chicago Concierge awarded Andersonville one of the top 5 shopping destinations.
The Chicago Transit Authority (CTA) Red Line train has stops at nearby Berwyn and Bryn Mawr avenues, just to the east of the neighborhood about four blocks (the ride to the Loop takes anywhere from 20 to 40 minutes depending on the time of day, day of the week and any given construction issues). CTA buses also do their part to make sure Andersonville residents can get around quickly and easily. The neighborhood’s main routes are the #92 which runs east/west along Foster Avenue and the #22 which heads north/south on Clark Street. The #50 is also a handy bus that cruises through Andersonville on Ashland Avenue.

1 Space Available

Documents: