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868 N Franklin Street, Chicago, Illinois 60610

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Agent Description:

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 with a full-height approx. 3900 SF lower level, which contains all back of the house infrastructure for a restaurant. Total SF is approx 9589 SF. 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 dev. For sale at $2,995,000 or for Lease at $35/sf NNN. Lease is based on 5715 SF only - lower level is included in rent.

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Mino Scivittaro

Neighborhood Loans

Mortgage Banker

m: 630-534-9382

GET FREE LOAN APPROVAL

Mino Scivittaro NMLS# 227820, License 227820 agent of Neighborhood Loans located at 1333 Butterfield Rd Suite 600, Downers Grove, IL 60515. Phone +1 (630) 546-9386 Company License 1657322 NMLS# 222982. Equal housing opportunity.

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Property Details

Listing courtesy of Wayne Wayne, Sperry Van Ness

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