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2244 S MICHIGAN AVE Chicago IL 60616-2103

[Locked] • APN 17-27-101-024-0000

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Details
Property Type Retail
Sub Type Restaurant, Storefront
Building SqFt 3,680
Lot SqFt 4,051
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code DS-5
Year Built 1888
Building Count 1
Opportunity Zone Yes
Lease Term ******
Remaining Term ******
Lease Expiration ******
Mortgage Amount ******

Property History

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Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Mortgage Recording Date
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Mortgage Term
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Loan Amount
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Mortgage Document Date
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Mortgage Estimated Interest Rate Indicator
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Seller 2 Corp Indicator
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Seller 2 Name
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Sold By
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Sold To
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Property Type
Property Type
Retail
Property Subtype
Restaurant, Storefront
Marketing Description
Built in 1888 and located in the heart of the New Motor Row entertainment district, this standalone building has been fully built out as a bar/restaurant called Bar 22. The building offers a single unit space that is perfect for any restaurant. Equipped with a new roof, all new interior, fixtures, and a brand new build out.

The South Loop is such a dynamic mix of attractions and histories that the neighborhood tends to be seen as many different things to many different people. Much of its eastern edge is encompassed by the Museum Campus, an impressive collection of cultural treasures that includes the Field Museum, Adler Planetarium and Shedd Aquarium. This campus sits on scenic lakefront parklands that are an extension of Grant Park.

Jutting out further into Lake Michigan is Northerly Island, a peninsula sought out by nature lovers, while along the southern edge the sports fans know Soldier Field as the stadium for the beloved Chicago Bears. Meeting attendees are most familiar with McCormick place, the largest convention center in the country, which is also in the immediate area.

A $390M expansion project to grow the nearby area is underway to create McCormick Square: a destination for new nightlife, hotels, and retail attractions.
Investment Highlights
  • Located near McCormick Place Convention Center, which attracts nearly 3 million visitors annually.
  • Located in an Opportunity Zone, a census tract designated by state and federal government targeted for economic development by allowing investors to defer federal taxes on recent capital gains.
  • Business professionals and students have brought new life and redevelopment, filling the restaurants, music clubs, smaller theaters and museums that have all established themselves in the community.
  • Near the 10,000-seat multipurpose Wintrust Arena. Uses range from women's and men's basketball games, concerts, family shows and business conventions to name a few.
  • The new 1,200-room Marriot hotel with 93,000 square feet of elegant event space, including two 25,000-square-foot ballrooms.
  • Walking distance from CTA “L” station (Red, Orange and Green Lines).
  • Proximity to the interstate system I-90/94, I-55 and Lake Shore Drive

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
MR
Milan Rubenstein PRO
•••.•••.3529
•ilan@•••••••••••.com
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