Commercial: Mixed Use - MLS# 12254749
Tools & Resources:
Description
This building, formerly known as Jack's Lounge a neighborhood bar established in 1968 still holds an active liquor license and business license, both of which will transfer to the potential buyer. The first floor has been completely gutted, framed out, and is ready for drywall installation. The basement features a brand-new 80-gallon commercial hot water tank and updated electrical systems. It also includes a roughed-in bathroom and laundry room. The second floor, previously used as a three-bedroom apartment, has been fully gutted and reframed for a brand-new bathroom and event space. At the rear of the building is a fully approved, fully functional commercial kitchen equipped with a 10-foot hood, freezer, stove, and all necessary fittings, including an exhaust system. This area also includes a full bathroom and an office. The property has been completely re-concreted at the front and back and is fully fenced in and secured. The GFA system includes a coil for central air. Additionally, the city recently replaced all lead pipes with copper piping, extending to the meter box inside the building. All water pipes throughout the property have been updated to copper. All windows in the building are new. Heating is provided by a boiler for the bar and a GFA system for the kitchen. The building, which is over 100 years old, still requires additional rehabilitation to be completed.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60628
- Year Built: 1954
- Stories: 2
- Units: 2 units
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cooling: Central Air
- Directions: Head north on S Halsted St toward W 127th St
- Electric: Separate Meters
- Foundation Details: Concrete Perimeter
- Geographic Locale: Chicago South
- Heat/Ventilation: Central Bldg Heat, Forced Air, Gas, Other
- Information: 24-Hr Notice Required
- Lot Size Square Feet: 4104
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Roof Structure: Flat
- Tax Annual Amount: 2115
- Tax Year: 2023
©2026, Midwest Real Estate Data (MRED). All rights reserved.