1375 W Lake St Chicago, IL 60607
West Loop NeighborhoodEstimated payment $70,632/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $226,655
Lot Details
- 0.54 Acre Lot
- Lot Dimensions are 124x188
- Additional Parcels
- Property is zoned COMMR
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2026 02/16/26 | For Sale | $9,750,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,500,000 | None Available | |
| Trustee Deed | $780,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,450,000 | Commercial | |
| Previous Owner | $730,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12338751
APN: 17-08-324-003-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 1223 W Lake St
- 1152 W Fulton Market Unit 4A
- 215 N Aberdeen St Unit B-401
- 312 N May St Unit 4J
- 116 N Willard Ct Unit 301
- 116 N Willard Ct Unit PH01
- 106 N Aberdeen St Unit 5G
- 1109 W Washington Blvd Unit 5C
- 1109 W Washington Blvd Unit 8A
- 1109 W Washington Blvd Unit 7A
- 16 N May St Unit 543
- 400 N Racine Ave Unit 108
- 21 N May St Unit 802
- 1000 W Washington Blvd Unit 418
- 1000 W Washington Blvd Unit 517
- 1000 W Washington Blvd Unit 438
- 1000 W Washington Blvd Unit 137
- 1000 W Washington Blvd Unit 406
- 1000 W Washington Blvd Unit 147
- 1301 W Washington Blvd Unit 604
- 1152 W Randolph St Unit 1
- 1227 W Fulton St
- 1152 W Fulton Market Unit 4A
- 210-212 N Aberdeen St
- 219 N Elizabeth St
- 225 N Elizabeth St
- 200 N Elizabeth St
- 166 N Aberdeen St
- 225 N Elizabeth St Unit FL12-ID1102
- 225 N Elizabeth St Unit FL11-ID1099
- 225 N Elizabeth St Unit FL5-ID1096
- 225 N Elizabeth St Unit FL12-ID1103
- 255 N Elizabeth St
- 1235 W Randolph St
- 197 N Aberdeen St
- 171 N Aberdeen St
- 215 N Aberdeen St Unit 507-B
- 312 N May St Unit 5G
- 160 N Elizabeth St
- 144 N Aberdeen St Unit 1306
Ask me questions while you tour the home.