There are multiple listings for this address:
868 N Franklin Street
Chicago, IL, 60610
$2,995,000
0 Beds
0 Baths
9,589 SqFt
0 Acres
$2,995,000
868 N Franklin Street
Chicago, IL, 60610
MLS #MRD10845194 img 0
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.

Property Details

Price:
$2,995,000
MLS #:
MRD10845194
Status:
Pending
Beds:
0
Baths:
0.00
Address:
868 N Franklin Street
Type:
Commercial
City:
Chicago
Listed Date:
Sep 2, 2020
State:
IL
Square Ft (approx):
9,589
ZIP:
60610
Year Built:
1921

Schools

School District:
299

Interior

Cooling
Central Individual

Exterior

Financial

Buyer Agent Compensation
3% ON SALE /3% ON FIRST 5 YRS OF TERM BASE RENT + 2% ON NEXT 5 YRS ON LEASE PER SEPARATE AGREEMENT%
Tax Year
2019
Taxes
$67,049
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Debra Dobbs is one of Chicago’s top realtors with more than 38 years in the real estate business.

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868 N Franklin Street
Chicago, IL, 60610
$2,995,000
0 Beds
0 Baths
0 SqFt
0.09 Acres
$2,995,000
868 N Franklin Street
Chicago, IL, 60610
MLS #MRD10845228 img 0
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.

Property Details

Price:
$2,995,000
MLS #:
MRD10845228
Status:
Pending
Beds:
0
Baths:
0.00
Address:
868 N Franklin Street
Type:
Land
City:
Chicago
Listed Date:
Sep 2, 2020
State:
IL
ZIP:
60610
Year Built:
1921

Schools

School District:
299

Interior

Cooling
Central Individual

Exterior

Financial

Buyer Agent Compensation
3% ON SALE /3% ON FIRST 5 YRS OF TERM BASE RENT + 2% ON NEXT 5 YRS ON LEASE PER SEPARATE AGREEMENT%
Tax Year
2019
Taxes
$67,049
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 38 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby