868 N Franklin Street Chicago IL 60610 MLS #MRD10845194

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.