O'Neil Property Group

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$1,600,000
8 Days On Site

1072 N Milwaukee Avenue
Chicago, IL 60642

For Sale|Business|Active
0
Beds
0
Total Baths
6,400
SqFt
$250
/SqFt
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Meridian Real Estate Chicago LLC
1072 N Milwaukee Avenue1072 N Milwaukee Avenue1072 N Milwaukee Avenue1072 N Milwaukee Avenue
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**Exceptional Restaurant & Bar Opportunity with Expansive Beer Garden and Live Entertainment Licensing!** Outstanding opportunity to establish or expand a restaurant, bar, or entertainment concept in this versatile, approximately 6,400-square-foot commercial property, offering a **total occupancy of 238 patrons** across multiple indoor and outdoor spaces. A standout feature is the expansive **1,600-square-foot outdoor beer garden with capacity for 103 guests**, ideal for outdoor dining, seasonal events, and social gatherings. The main-level bar offers approximately 1,600 square feet with occupancy for 85 guests, while an additional 1,600-square-foot upper level accommodates 50 guests, providing excellent flexibility for private events, additional dining, or entertainment. The property features an approximately 500-square-foot commercial kitchen equipped with a substantial **20-foot exhaust hood**, well suited for a high-volume food and beverage operation. A 1,600-square-foot basement provides cooler and storage space, along with two restrooms. **A significant added benefit is the property's Public Place of Amusement (PPA) license, allowing for live music and entertainment**, subject to applicable license conditions. This creates exciting opportunities for live performances, DJs, special events, and an enhanced nightlife experience. With its generous occupancy, expansive outdoor beer garden, commercial kitchen infrastructure, and live entertainment licensing, this property offers tremendous potential for restaurant operators, hospitality groups, and entertainment concepts seeking a dynamic, multifaceted venue. **A unique opportunity to create a premier dining, nightlife, and entertainment destination!**

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Listing Snapshot
PriceΒ 
$1,600,000
Days On SiteΒ 
8 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
6,400 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
N/A
MLS NumberΒ 
12783152
StatusΒ 
Active
Property TaxΒ 
$24,134
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS
2 days agoStatus changed to Active
a week agoListing first seen on site
General Features
Property Sub TypeΒ 
Business
SqFt TotalΒ 
6400
Interior Features
CoolingΒ 
Central Air
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Community Features
MLS AreaΒ 
CHI - West Town
Listing Courtesy of MRED as distributed by MLS Grid of Meridian Real Estate Chicago LLC



Based on information submitted to the MLS GRID as of 2026-10-21 03:57 PM UTC. 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.
Last checked: 2026-10-21 03:57 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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