1224 West webster Avenue
CHICAGO, IL 60614
Sq. Ft.: N/A
Located at the corner of Webster and Magnolia, Derby is one of Lincoln Park's premier sports bars (consistently grossing over 2 million in sales with a corporate profit) and is being offered for sale along with the real estate. The mixed-use building is situated on two contiguous lots with over 52 feet of frontage on Webster and an adjacent lot containing an open air and a year round beer garden. It has three floors, with Derby occupying the 4,903 square foot first floor and 2,197 square foot lower level commercial space, plus four residential rental units on the second and third floors. Derby's space is a total of 7,100 square feet and boasts a turn-key kitchen with tons of extras plus five washrooms. The total legal occupancy is 239 people and all FF&E is included. Just minutes from the DePaul University Lincoln Park campus, the property is near all the bars, restaurants, and retail that this area has to offer.
Broker: CONLON/Christie's International Real Estate
MLS Area: Chicago - Lincoln Park
Directions: Racine north to Webster, one block west, corner of Magnolia and Webster
Lot Size in Sq. Ft.: 6, 396
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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MRED LLC data last updated at November 18, 2017 9:40 AM CT