This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,450,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Tremendous opportunity to own a 3,950 square foot free standing fully equipped award-winning restaurant, with a 3,950 square foot basement (currently used for a prep kitchen, office space, green room, storage and 2 walk in coolers & 1 walk in freezer). Both dining rooms are beautifully decorated & the bar features an original art deco style back bar & matching fireplace surround (double sided). FF & E can be purchased seperately. The property can be used for other commercial uses or can be redeveloped into a mixed-use development. The property's Zoning is B3-2. The building is located on 8,250 (125' x 66') square feet of land (lots 1 & 2). The adjacent vacant land parcel (lot 3), 6346 N. Glenwood Avenue, totaling 4,166 square feet (125' x 33'), is not included in the current offering but can be purchased separately. This parcel is listed by Barbara O'Connor from Dream Town and the brokers will work together if a group is interested all parcels. The building's roof top is home to the country's 1st certified organic roof top farm. - M.O.S.A. 2008 The prior tenant uses the parking lot for a year-round licensed beer garden. Alternatively, there is parking for 8 cars on lot 1 & 2. The prior tenant had food, incidental liquor license, beer garden & a full public place of amusement license. There is also a state-of-the-art sound system in the back entertainment room. Current occupancy is 145 indoor seats. The property is in Chicago's Northside Edgewater neighborhood in walking distance to Loyola University, CTA Loyola Red Line Train Stop, Edgewater Beach and recently opened Target store located on Sheridan Avenue. Edgewater was ranked by 'Money' website as the fifth top 50 places to live in the U.S.
Full Property Details
Full Property Details for 1401 W Devon Ave
General
- Sold For: $1,450,000
- Taxes: $32,628 (2021)
- Status: Closed
- Type: Commercial Service
- Source: MRED
- MLS ID: 11649568
- Added to Site: 1, 234 day(s) ago
Interior
- Interior Features: Basement
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Edgewater
- County: Cook
- Driving Directions: Clark North to Devon, East to Property
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 3,950
- Current Bldg. Use: Commercial
- Year Built: 1978
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,250
- Lot Dimensions: 125 x 66
- Zoning: COMMR
Green Features
- Energy Efficient: Solar Hot Water, Low flow commode, Low flow fixtures, Roof
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site
- Assessment Year: 1978
- Tax Amount: $32,628
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer
Disclosures and Reports
- Property ID: 14051010290000
Listed by Evolve Commercial Real Estate, LLC
Sold by Baird & Warner
Get Pre-Approved Today
Schools
Schools serving 1401 W Devon Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hayt Elementary School 1518 West Granville Avenue, Chicago, IL 60660 | K-8 | 0.3 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 0.6 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 1401 W Devon Ave
Date
Details
Price
Change
Source
2/05/2024
Sold
$1,450,000
-3.33%
MLS
5/12/2023
Price Reduced
$1,500,000
-21.05%
MLS
10/10/2022
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1401 W Devon Avenue, Chicago, IL 60660 (MLS# 11649568) is a Commercial Service property that was sold at $1,450,000 on February 05, 2024. Want to learn more about 1401 W Devon Avenue? Do you have questions about finding other Commercial Service real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.

