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19708490
19708491

324 W Chicago Ave, Chicago, IL 60654

Kudan Group
Kudan Group
Listed by Kudan Group
$3,695,000
693 days on market
Updated 166 days ago

Four Level Lounge/Restaurant Business with Rooftop for Sale.

Details
APN 17044440030000
Property Type Retail, Hospitality
Sub Type Restaurant, Bar
Square Footage 9,600
Units 1
Lease Type Absolute NNN
Price per SqFt $385
Broker Co-Op Yes
Year Renovated 2017
Buildings 1
Stories 2
Lot Size (SqFt) 5,000
Zoning C1-5
Investment Type Owner/User
Ownership Corporation

River North - Four Level Lounge/Restaurant Business with Rooftop for Sale.

Marketing description

Two-story property with business located just blocks from of the proposed Bally’s Casino and acclaimed filming location of The Bear, Mr. Beef. The sale includes a fully fixured and licensed former lounge, with a sprinkler system, exposed glass elevator and multiple ingress/egresses. The former lounge has 4 levels of occupancy, which consists of two bars, dining and a dance floor on the main floor; a commercial kitchen and private lounge on the second floor; and a unique rooftop bar with skyline views. The basement houses a coat check, restrooms, and ample storage for walk-in coolers and employee lockers.

Investment highlights

  • The corporation holds Tavern, Outdoor Patio, Retail Food,

and Public Place of Amusement (PPA) licenses.

  • A truly unique rooftop bar, and seating for over 60 guests

with shaded pergola, bleacher seating and large booths for

large or private gatherings.

  • 2023 Property Taxes $52,076.

  • Desirable C1-5 zoning allows for a number of uses and

flexible opportunities moving forward.

  • Second floor office can accommodate up to 6 workstations

and is equipped with a residential kitchen and full bathroom

along with a good deal of office equipment.

  • Fully sprinklered, ADA compliant with an elevator.

Listing Contacts

Kudan Group
Kudan Group
Listed by Kudan Group

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Zoning

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C1-5 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 134 uses
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Georg Simos
License
475178115
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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