1375 W Lake Street, Chicago, IL 60607

Chicago
Local realty services provided by:ERA Partners
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:September 26, 2026 at 11:33 AM

Structure and exterior

  • Lot area:0.54 Acres

Finances and disclosures

  • Price:$6,950,000
  • Tax amount:$226,655 (2024)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior

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