1375 W Lake Street, Chicago, IL 60607
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1375 W Lake Street,Chicago, IL 60607
$9,750,000
- 0.54 Acres
- Lots / Land
- Active
Listed by: wayne caplan
Office: sperry van ness
MLS#:12338751
Source:MLSNI
Price summary
- Price:$9,750,000
About this home
Pleased to offer for sale a 23,000 SF re-development opportunity in Chicago's dynamic Fulton Market neighborhood. The property, located at 1375 W Lake Street, has been the longtime home of "Bottom Lounge", a renowned 18,000 SF hospitality venue specializing in live music with a full-service restaurant kitchen, large bar/restaurant space and a 2nd floor catering facility with a large outdoor deck and parking for 25 cars. The site is 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, life- science, hotel, etc., properties and is suitable for many different types of re-development. The current ownership is in a position to afford a developer time for re-zoning the property to suit their needs. Additionally, the business (Bottom Lounge), will continue to operate for a period of time and is open to entertaining a short-term sale- leaseback. This is a rare opportunity to acquire a large development site in one of the most sought-after sub-markets in the entire country.
Contact an agent
Home facts
- Listing ID #:12338751
- Added:4 day(s) ago
- Updated:February 21, 2026 at 11:45 AM
Structure and exterior
- Lot area:0.54 Acres
Finances and disclosures
- Price:$9,750,000
- Tax amount:$226,655 (2024)
New listings near 1375 W Lake Street
- New
$149,900Active2 beds 2 baths1,200 sq. ft.5046 W Jackson Boulevard #C, Chicago, IL 60644
MLS# 12574082Listed by: LOOP REALTY FIRM - New
$350,000Active3 beds 1 baths1,235 sq. ft.2536 W 102nd Place, Chicago, IL 60655
MLS# 12573115Listed by: BERKSHIRE HATHAWAY HOMESERVICES STARCK REAL ESTATE - New
$85,000Active5 beds 2 baths1,800 sq. ft.6721 S Honore Street, Chicago, IL 60636
MLS# 12573717Listed by: ILLINOIS REAL ESTATE PARTNERS - New
$338,999Active5 beds 2 baths1,922 sq. ft.2964 W Columbus Avenue, Chicago, IL 60652
MLS# 12574065Listed by: HOMESMART REALTY GROUP - New
$226,000Active6 beds 3 baths8556 S Muskegon Avenue, Chicago, IL 60617
MLS# 12570562Listed by: JMRI CORP - New
$385,000Active0.37 Acres1955 E 87th Street, Chicago, IL 60617
MLS# 12574031Listed by: NETWORK PROPERTY MANAGMENT LLC - New
$299,900Active3 beds 2 baths1,011 sq. ft.5437 N Linder Avenue, Chicago, IL 60630
MLS# 12574049Listed by: LPT REALTY LLC
$417,770Pending5 beds 3 baths1,177 sq. ft.1735 N Latrobe Avenue, Chicago, IL 60639
MLS# 12570547Listed by: MARIA I SETLA- New
$550,000Active4 beds 3 baths2665 W Medill Avenue, Chicago, IL 60647
MLS# 12573737Listed by: CHARLES RUTENBERG REALTY - New
$189,900Active5 beds 3 baths6833 S May Street, Chicago, IL 60621
MLS# 12573976Listed by: GOLDEN ENTERPRISE REALTY INC