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2723 N Halsted St 6,610 SF Retail Building Chicago, IL 60614 For Sale
INVESTMENT HIGHLIGHTS
- Fully equipped bar/restaurant with Type 1 hood and walk-in coolers
- Located in Lincoln Park with high-income demographics and dense foot traffic
- Zoned B1-2 with three rear parking spaces and strong redevelopment potential
- Includes spacious 3-bedroom residential unit with modern finishes
- Positioned along Diversey Corridor near CTA transit and Jonquil Park
EXECUTIVE SUMMARY
Located in the heart of Lincoln Park, one of Chicago’s most vibrant and affluent neighborhoods, 2723 North Halsted Street presents a rare opportunity to acquire a fully built-out mixed-use property with both commercial and residential components. The ground floor features a ±3,500 SF bar/restaurant space with a Type 1 hood, walk-in coolers, dry storage, and a usable lower level of ±1,500 SF—ideal for expanding kitchen operations, private events, or back-of-house functions. The second floor houses a spacious 3-bedroom residential unit with an updated kitchen and in-unit washer/dryer, offering strong potential for owner-occupancy or rental income.
The property sits on a 3,125 SF lot with B1-2 zoning and includes three dedicated parking spaces in the rear. Positioned along the Diversey Corridor, the site benefits from high pedestrian traffic and proximity to CTA transit, with over 913,000 annual riders. The surrounding trade area is dense with retail, fitness, hospitality, and residential activity, including Hotel Versey, Jonquil Park, and numerous boutique shops and restaurants.
Demographics within a 1.5-mile radius are exceptional, with over 157,000 residents and an average household income exceeding $194,000. This location supports a wide range of business concepts, and the offering includes flexibility for either full acquisition or partnership in concept development.
The property sits on a 3,125 SF lot with B1-2 zoning and includes three dedicated parking spaces in the rear. Positioned along the Diversey Corridor, the site benefits from high pedestrian traffic and proximity to CTA transit, with over 913,000 annual riders. The surrounding trade area is dense with retail, fitness, hospitality, and residential activity, including Hotel Versey, Jonquil Park, and numerous boutique shops and restaurants.
Demographics within a 1.5-mile radius are exceptional, with over 157,000 residents and an average household income exceeding $194,000. This location supports a wide range of business concepts, and the offering includes flexibility for either full acquisition or partnership in concept development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
6,610 SF
Building Class
B
Year Built
1992
Tenancy
Single
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.08 AC
Zoning
B1-2 - Neighborhood Shopping District
Parking
3 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
26’ on N Halsted St
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-28-300-003-0000 | Improvements Assessment | $58,078 |
| Land Assessment | $62,310 | Total Assessment | $120,388 |
PROPERTY TAXES
Parcel Number
14-28-300-003-0000
Land Assessment
$62,310
Improvements Assessment
$58,078
Total Assessment
$120,388
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2723 N Halsted St
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