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1375 W Lake Street, Chicago, IL 60607

Local realty services provided by:CENTURY 21 New Beginnings
1375 W Lake Street,Chicago, IL 60607
$9,750,000
  • 0.54 Acres
  • Lots / Land
  • Active
Listed by: wayne caplan
Office: sperry van ness
MLS#:12338751
Source:MLSNI

Price summary

  • Price:$9,750,000

About this home

SVN CHICAGO COMMERCIAL is pleased to offer for sale a 23,000 SF re-development opportunity in Chicago's dynamic Fulton Market neighborhood. The property, located at 1375 W Lake Street, has been the longtime home of "Bottom Lounge", a renowned 18,000 SF hospitality venue specializing in live music with a full-service restaurant kitchen, large bar/restaurant space and a 2nd floor catering facility with a large outdoor deck and parking for 25 cars. The site is currently zoned C1-3 but sits in the "Downtown Expansion-West" area as well as being in a TOD (Transit Oriented Development) zone, both of which allow for increases in density and parking relief for vertical multi-family development. The property is positioned in the midst of many recent and soon-to-come high-rise residential, mixed-use, office, life- science, hotel, etc., properties and is suitable for many different types of re-development. The current ownership is in a position to afford a developer time for re-zoning the

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Home facts

  • Listing ID #:12338751
  • Added:1 day(s) ago
  • Updated:February 16, 2026 at 11:51 PM

Structure and exterior

  • Lot area:0.54 Acres

Finances and disclosures

  • Price:$9,750,000
  • Tax amount:$226,655 (2024)
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