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$928,000
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Property Description
Heart of Chicago's Loop. Commercial condo and all its bar/restaurant assets are for sale. The business' corporate entity is not for sale. The Pub business is currently operating as the brand, Tradition and has been for the last 12 years. Legal interior occupancy is 143 persons for the first floor (3,300 square feet) with a ceiling height of 17 feet. There is a fully equipped basement bar (1,400 square feet) with storage facilities and employee washrooms having a ceiling height of 8 feet with access to an elevator. If both interior floors would be used for the customers, the total square footage is 4,700 square feet. Restaurant frontage is 37.5 feet with additional frontage of 12.5 feet for the vacated alley used as a patio on the building's south side; plus, there is a sidewalk cafe operation. Two 12-tap handle refrigerated draft systems. Two walk-in coolers & one walk-in freezer. The kitchen has a 20-foot exhaust hood with a fire suppression system. All FF&E is included. Zoning DC-16. Proof of Funds Required Prior to Showing.
Full Property Details
Full Property Details for 160 N Franklin St
General
- Sold For: $928,000
- Taxes: $35,422 (2022)
- Status: Closed
- Type: Commercial Service
- Source: MRED
- MLS ID: 12061371
- Added to Site: 639 day(s) ago
Additional Information
- Security/Safety: Ansul System, Fire Extinguisher(s)
Location
- Area: CHI - Loop
- County: Cook
- Driving Directions: North on Franklin Street to Address
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
- Ceiling Height: 17
- Stories/Levels: 4
- Square Feet: 14,000
- Year Built: 1890
Lot Features
- Lot Size (Sq. Ft.): 8,073
- Lot Dimensions: 100 x 80.73
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Ansul System, Fire Extinguisher/s
- Assessment Year: 1890
- Tax Amount: $35,422
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 17094290171001
Listed by Jameson Commercial
Sold by Kale Realty
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Schools
Schools serving 160 N Franklin St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 1.3 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 4.2 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 160 N Franklin St
Date
Details
Price
Change
Source
8/30/2024
Sold
$928,000
-7.2%
MLS
8/05/2024
Price Increased
$1,000,000
11.23%
MLS
7/22/2024
Price Reduced
$899,000
-18.2%
MLS
5/21/2024
Listed
$1,099,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
160 N Franklin Street, Chicago, IL 60606 (MLS# 12061371) is a Commercial Service property that was sold at $928,000 on August 30, 2024. Want to learn more about 160 N Franklin Street? Do you have questions about finding other Commercial Service real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.

