Courtesy of Sperry Van Ness

868 N Franklin Street

Chicago, IL, 60610

$2,995,000

$312 per ft²
$2,995,000
$312 per ft²
Active
Active
 - For Sale
carpenters-square
9,589 ft²
property_type
Commercial
calendar
Built 1921
Unique, fully built-out restaurant bldg w/ existing infrastructure & substantial land and air rights for development adding value. As the long-time home of nationally acclaimed MK restaurant, this property is a fully-fixtured restaurant with approximately 5,715 SF above grade along plus a full-height approx. 3900 SF lower level, which contains all back of the house infrastructure for a restaurant. Total SF is 9589. Bldg has mezz & 2nd-level for private dining or other purposes. Space features soaring ceilings w/ bow truss roof in the main dining room, massive skylight, exposed brick & timber beams throughout; 2 ADA restrooms, bar, lounge, and potential for outdoor seating. Property could also be utilized for other uses including a nightclub, venue, banquet, office, medical, salon/spa, fitness, gallery, showroom, childcare, or school. Existing C1-5 zoning allows for 24,000 SF bldg to be constructed on-site w/o any zoning relief. Located in a TOD zone allowing for decreased parking requirements for new resi/mixed-use development. For sale at $2,995,000 or for lease at $35/sf NNN. Lease rate will only be charged on the 5715 SF above grade - lower level is included in the rent - no extra charge.
MLS® ID:
10845194
Listed:
9/1/20
Updated:
10/4/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Individual

Exterior/Building Features

Lot Size
4,796 ft² lot

Other Property Details

Area Name
CHI - Near North Side
Taxes
$67049
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
3
Zoning
RTAIL

 

Courtesy of Sperry Van Ness

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Data last updated 2:31 PM UTC, 10/4/22

 

 

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