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1374 W Grand Avenue Chicago, IL 60642
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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $163
MLS Listing ID 11905304
Sold Date 08/12/24
Year Built 1878
Annual Tax Amount $22,254
Tax Year 2021
Lot Dimensions 25X124
Property Description
1374 W. Grand Avenue is a three-story mixed-use building located in Chicago's West Town Neighborhood. The property was originally constructed in 1878 and extensively renovated in 2006, with 7,830 SF of space on three floors above grade and a full height 2,750 SF basement. The property has been operated for the past 22 years as Bella Notte Restaurant and Bar, a popular neighborhood establishment. The restaurant occupies the first and second floors and the third floor is configured as a 2,346 SF apartment. 1374 W. Grand is immediately north of Chicago's Fulton Market Neighborhood and proximate to the proposed Bally's Casino slated to be developed in the former Chicago Tribune site on the Chicago River. With numerous commercial, hospitality, and multifamily developments in immediate surrounding areas 1374 W. Grand is well positioned to capitalize on local growth. This offering presents an investor or operator the chance to acquire a highly improved property with a turn-key restaurant business for a basis far below replacement cost, or capitalize on the B3-2 zoning and create additional multifamily dwelling units.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Bought with George Toscas • ACO Commercial
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