Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

(815) 520-3939
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1375 W Lake Street, Chicago, IL 60607

$9,750,000
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  • 1375 W Lake Street, Chicago, IL 60607 Main Photo

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Active
LOT SIZE 0.540 acres MLS#12338751
STATUSActive PROPERTY TYPELand - Commercial SCHOOLDistrict 1
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Property Description

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 property to suit their needs. Additionally, the business (Bottom Lounge), will continue to operate for a period of time and is open to entertaining a short-term sale- leaseback. This is a rare opportunity to acquire a large development site in one of the most sought-after sub-markets in the entire country.

1375 W Lake Street | MLS# 12338751

This land located at 1375 W Lake Street, Chicago, IL 60607 is currently listed for sale with an asking price of $9,750,000. The property has approximately 0.54 Acres. W Lake Street is located within the District 1 school district. Search Chicago real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 0.54 Acres

Feature Descriptions

Current Use: Commercial
Frontage: 124
Frontage Type: City Street
Lot Dimensions: 124x188
Parcel#: 17083240030000
Road Surface: Asphalt
Township: West Chicago
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Local Schools

School District: District 1

Listed By / Shown By

Listed By

Agency Name: Sperry Van Ness
Agency Phone: 312-676-1866

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 24,543.02 per month $21,699.27 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,843.75 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:18:31 AM EST) or MRED MLS (last updated Tue 04/07/2026 12:11:54 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 04/06/2026 10:16:16 PM EST) or Northern Illinois Commercial Association Realtors (last updated Mon 04/06/2026 2:10:12 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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