Date
Details
Price
Change
Source
6/25/2025
Listed
$1,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$1,850,000
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1/15
Property Description
Rare opportunity to own a prime property in Chicago's red-hot West Loop at 116 N. Aberdeen, just off the corner of Randolph Street and next door to McDonald's global headquarters. The existing buildout includes a full commercial kitchen with hood and black iron, 2 bars, 4 bathrooms, and a large garage door that opens to sidewalk patio area ideal for dining. Zoned DX-3, this site offers incredible flexibility for office, retail, dispensary, or continued restaurant/bar/nightclub use. Located in one of the city's most vibrant and fastest-growing neighborhoods, this property is surrounded by the best restaurants, luxury developments, and major corporate offices-making it an ideal opportunity for investors, developers, or owner-users looking to capitalize on a high-traffic, high-visibility location. Broker must assist on showings. Please do not disturb the tenant or employees.
Full Property Details
Full Property Details for 116 N Aberdeen St
General
- Price: $1,850,000
- Taxes: (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12402909
- Updated: 7/1/2025
- Added to Site: 205 day(s) ago
Interior
- Interior Features: Heavy Floor Load, Public Restroom(s), Storage Inside
- Flooring: Concrete
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Near West Side
- County: Cook
- Township: West Chicago
- Driving Directions: Follow I-90 E/I-94 E to W Randolph St. Take exit 51B from I-90 E/I-94 E Take exit 51B for W Randolph St toward 150 N Continue on W Randolph St. Drive to N Aberdeen St then make a left turn south to property.
- Location Details: Mixed-Use Area, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity Available, Natural Gas Available, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane, Rubber
- Ceiling Height: 13
- Drive-In Doors: 2
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 2,900
- Current Bldg. Use: Commercial
- Year Built: 1892
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,900
- Lot Dimensions: 116 x 25
- Frontage: City Street
- Drainage: Floor Drains
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1892
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
Disclosures and Reports
- Property ID: 17084360220000
Listed by Kudan Group, Inc.
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Listing agent
— 116 N Aberdeen St —
Kudan Group, Inc.
NMLS#: 1598647
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Schools
Schools serving 116 N Aberdeen St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Skinner Elementary School 111 South Throop Street, Chicago, IL 60607 | PK-5 | 0.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 N Aberdeen St
Tax History
Tax History for 116 N Aberdeen St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$18,920
-22%
$89,364
-24%
2022
$24,124
2%
$116,891
—
2021
$23,583
54%
$116,891
71%
2020
$15,283
11%
$68,377
—
2019
$13,784
2%
$68,377
—
2018
$13,551
2%
$68,377
11%
2017
$13,280
8%
$61,478
—
2016
$12,313
9%
$61,478
—
2015
$11,266
9%
$61,478
10%
2014
$10,370
2%
$55,890
—
2013
$10,165
-8%
$55,890
-9%
2012
$11,032
—
$61,478
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 N Aberdeen St
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- Condo / Townhouse
- Active
- Updated 3 days ago
- 2Beds
- 1Total Bath
- 1,100Sq. Ft.
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- Single Family
- Active
- Updated 10 hours ago
- 4Beds
- 2Total Baths
- 1,700Sq. Ft.
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116 N Aberdeen Street, Chicago, IL 60607 (MLS# 12402909) is a Commercial property. 116 N Aberdeen Street is currently listed for $1,850,000 and was received on June 25, 2025. Want to learn more about 116 N Aberdeen Street? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.