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6845 W Addison
Chicago, IL 60634
Retail Property For Sale


Investment Highlights
- Approximately 2 miles west of I-90/94, close to downtown and O'Hare
- Building fully renovated 2022/2023 (both commercial and residential portions - int & ext)
- The venue is wheelchair accessible
- Strategically located near the signalized hard corner intersection | ± 42,600 VPD
- "Turn-Key" solution for owner-user or investor
Executive Summary
The subject property is located at 6845 West Addison Street, Chicago, IL 60634 (the "Property"). As the sole and exclusive Broker, the JonBerg Group of Baird & Warner Real Estate, Inc., has been retained to present the sale of this owner-user/investment "Banquet Hall" opportunity. This urban mixed-use asset is situated in Chicago’s densely populated and affluent "Schorsch Village" neighborhood. Featuring a 2-story building, ±7,000 SF GLA, ±3,600 SF-1st Floor (Banquet Hall), ±12,470 SF (99.75 x 125) Site, and 25 plus car parking. The subject property is zoned B1-1 and comprises a basement (for storage use), three bedrooms & 2 bathrooms, and a large upscale apartment on the second floor. It is situated in a mixed retail/office and residential city setting. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including restaurants and recreational facilities. The latest neighborhood investments, including new construction condos/rentals, restaurants, and supermarkets, have steadily attracted new homeowners and tenants to this vibrant Schorsch Village in Chicago. The subject property presents a unique opportunity and is positioned as a "Turn-Key" solution for owner-user or investor.
Additional Information
Capacity: Can accommodate intimate or large events, with seating for up to 220 and standing room for up to 300.
Amenities: Features a large bar, a kitchen area, a dance floor, and customizable lighting and sound systems.
Building Condition: Fully renovated 2022/2023 (both commercial and residential portions - int & ext).
Accessibility: The venue is wheelchair accessible.
Additional Information
Capacity: Can accommodate intimate or large events, with seating for up to 220 and standing room for up to 300.
Amenities: Features a large bar, a kitchen area, a dance floor, and customizable lighting and sound systems.
Building Condition: Fully renovated 2022/2023 (both commercial and residential portions - int & ext).
Accessibility: The venue is wheelchair accessible.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1958
Price
$2,250,000
Price Per SF
$321.43
Tenancy
Single
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.14 AC
Zoning
B1-1, Chicago
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
100’ on Addison Street
Amenities
- Fenced Lot
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 13-19-307-007-0000 | Improvements Assessment | $49,175 |
| Land Assessment | $15,625 | Total Assessment | $64,800 |
Property Taxes
Parcel Number
13-19-307-007-0000
Land Assessment
$15,625
Improvements Assessment
$49,175
Total Assessment
$64,800
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