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favorite this post 9600ft2 - For Sale - Own a Piece of Rogers Park History! The Heartland Site (7000 N Glenwood Ave) hide this posting unhide

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Glenwood Avenue at Lunt Avenue

(google map)

9600ft2

**All interested parties, please contact The Lord Companies directly and ask to speak with broker Gina Caruso**

PROPERTY OVERVIEW:
Once in a lifetime opportunity to own a piece of Rogers Park history! The 9,600 SF building houses The Heartland Cafe, Heartland Studio Theatre, and Red Line Tap. The building is free-standing, single story on a 70' x 173' lot. The site and businesses are unpriced as the site can also be a mixed-use development. Zoning is B3-3 which will allow up to 33 units in a Transit Oriented Development (TOD) location. This a rare chance to own a restaurant/bar/theater or redevelopment site in Rogers Park.

LOCATION AND NEARBY TENANTS:
The building is located on Glenwood Avenue at Lunt along Rogers Park's booming Glenwood Arts District corridor. It is surrounded by restaurants, cafes, art galleries, and theaters including the Heartland Café, The Glenwood, Empirical Brew Pub, Mayne Stage, Rogers Park Social, Lifeline Theater, Pub 626, and more. The space is blocks from Loyola Park Beach, with fantastic access to the Morse Avenue Red Line Station, the 96/155/147 Buses, The Metra North Line, and Sheridan Road. Rogers Park has been labeled by the Chicago Tribune as one of Chicago's "hottest up-and-coming neighborhoods," experienced some of the fastest residential rent growth in Chicago, and benefitted from $80mm in investment by Loyola University. The arrival of Target, launch of a 50-unit Pritzker-backed development at 1323 W. Morse Avenue, and opening of the Sheridan Road Hampton Inn are just a few of the new developments defining the neighborhood.

DEMOGRAPHICS (2010) 0.5 MILES 1 MILE 3 MILES
Population 25,088 64,814 293,890
Households 11,945 27,783 127,675
Employees 3,526 14,582 96,861
Average Household Income $65,902 $64,965 $77,313

PROPERTY DETAILS

AVAILABLE SPACE:
Approx. 9,600 SF building on a 12,110 SF lot (70'x173').

FEATURES:
12' ceilings; full outdoor patio; 1 loading dock; 400-amp electric; 2.5-ton HVAC; access to Tavern (2:00am), PPA, and Retail Food licenses (ownership to negotiate structure); purchasable music equipment such as lighting/soundboard, Yamaha speaker system, LED light system, various concert equipment/instruments.

CONSTRUCTION:
Brick and timber with 12' ceilings.

ZONING:
B3-3 Zoning.

PARKING:
Non-permit street parking including metered spaces. Access to nearby parking lots with spaces for rent.

AVAILABILITY:
Immediate.

SALES PRICE:
Negotiable

DELIVERY CONDITION:
As is. Each space is in "ready" condition.

**All interested parties, please contact The Lord Companies directly and ask to speak with broker Gina Caruso**
  • do NOT contact me with unsolicited services or offers

post id: 6682172081

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