1375 W Lake Street, Chicago, IL 60607

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1375 W Lake Street,Chicago, IL 60607
$6,950,000
  • 0.54 Acres
  • Lots / Land
  • Active
Listed by: wayne caplan
Office: sperry van ness
MLS#:12338751
Source:MLSNI

Price summary

  • Price:$6,950,000

About this home

PRICE REDUCED! SVN CHICAGO COMMERCIAL is pleased to offer for sale a renowned 18,000 SF hospitality venue in Chicago's dynamic Fulton Market neighborhood. Specializing in live music with a full-service commercial kitchen, large bar/ restaurant space and a 2nd floor catering facility with a large outdoor deck and parking for 25 cars, the property, located at 1375 W Lake Street, has been the longtime home of "Bottom Lounge". In addition to the opportunity to own and operate the existing facility, this +/- 23,000 SF land site is also prime for redevelopment into a mid or hi-rise residential or mixed-use property. It's currently zoned C1-3 but sits in the "Downtown Expansion-West" area as well as being in a TOD (Transit Oriented Development) zone, both of which allow for increases in density and parking relief for vertical multi-family development. The property is positioned in the midst of many recent and soon-to-come high-rise residential, mixed-use, office, lifescience, hotel, etc.,...

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Home facts

  • Listing ID #:12338751
  • Updated:May 25, 2026 at 10:43 AM

Structure and exterior

  • Lot area:0.54 Acres

Finances and disclosures

  • Price:$6,950,000
  • Tax amount:$226,655 (2024)
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