1375 W Lake ST, Chicago, IL 60607
1375 W Lake ST, Chicago, IL 60607
1375 W Lake ST, Chicago, IL 60607
1375 W Lake ST, Chicago, IL 60607
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Brad Myers

Brad Myers

+1(847) 361-3728
$ 6,950,000
Est. payment | /mo

0.54 Acres Lot

Save
$ 6,950,000
Est. payment | /mo
Save

0.54 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12338751

Annual Tax Amount $226,655

Tax Year 2024

Lot Size 0.540 Acres

Lot Dimensions 124x188

Property Sub-Type Land

Property Description

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., properties and is suitable for many different types of re-development. The current ownership is in a position to afford a developer some time for re-zoning the property to suit their needs. Additionally, the business (Bottom Lounge), will continue to operate for a period of time and is open to entertaining a short-term sale-leaseback. This is a rare opportunity to acquire a large development site in one of the most sought-after sub-markets in the entire country.

Location

State IL

County Cook

Area Chi - Near West Side

Zoning COMMR

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Building

Dwelling Type Land

Water Municipal Water

Schools

School District 1 , 1, 1

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Wayne Caplan of  Sperry Van Ness 
Brad Myers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 361-3728

bradmyers@beyondhorizonsteam.com

3826 Trillium Trail, Elgin, Illinois 60124, Elgin, Illinois, 60124, USA

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1375 W Lake ST