Skip To Content
    Return to Previous Page

    868 N Franklin Street

    Chicago, IL 60610
    • $2,995,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 10845228
    UPDATED: 92 min ago
    $2,995,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2020-10-22T23:51:51.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.thewexlergroup.com/homes/109657834
    Print Image

    868 N Franklin Street Chicago, IL 60610

    • Price: $2,995,000
    • Status: Active
    • Updated: 92 min ago
    • MLS #: 10845228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    Neighborhood:
    Chi - Near North Side
    County:
    Cook
    Area:
    Chi - Near North Side
    Property 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.
    Exterior Features

    Buildings On Land Yes Cars 0 Front Footage 43 Frontage Access City Street Lot Dimensions 43X100 Lot Size Less Than .25 Acre Road Surface Asphalt Waterfront YN No

    Property Features

    Additional Sales Information None Agent Owned Interest YN No Backup Package YN No Corporate Limits Chicago Current Use CommercialRetail Elementary Sch Dist 299 Farm No General Information Commuter BusCommuter Train High Sch Dist 299 Holds Earnest Money Yes Jr High Middle Dist 299 Ownership Condo Possession Negotiable Rental Price 35 Rental Unit Square Feet (Annual) Special Assessments Unknown Special Compensation Info None Special Service Area T Tax Year 2019 Taxes 67049 Township North Chicago Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2020-10-22T23:51:51.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10845228-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10845228-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10845228-2.jpg
    Logo
    The Wexler Group | Keller Williams Preferred Realty
    16123 S LaGrange Road
    Orland Park IL, 60467