260 Chestnut StChicago, IL 60611

Property Details for 260 Chestnut St

Year built

1965

Property size (Sq ft)

3,672 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This 3,672 square foot Class B commercial condo in Chicago's Gold Coast offers a unique investment opportunity. Located at 260 E Chestnut St, Unit 4, this fee-simple property boasts a prime location just east of the Magnificent Mile and west of Lake Michigan, with high foot traffic. The space, currently leased month-to-month, is ideal for various uses including fine dining (previously a French restaurant since 1967), tech or professional offices, retail, or a medical clinic. The layout includes 2,900 square feet of main interior space featuring a restaurant kitchen, seating areas, a full bar, and private bathrooms. An additional 548 square feet of basement storage includes a walk-in cooler and freezer. A 224 square foot garage provides extra storage. The property benefits from excellent accessibility, including proximity to Lake Shore Drive, public transportation (six bus stops within one block and walking distance to the "L" station), and numerous hotels. Public and private parking is available on the premises. The 41,250 square foot lot is zoned DR10. Built in 1965, this property presents a rare chance to acquire a well-situated commercial space in a highly desirable area. Proof of funds is required before scheduling a showing. Do not disturb the tenant.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8985

Longitude

-87.6197

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