4530 N. Milwaukee Ave.
STATUS UPDATE: CLOSED OCTOBER 2024
VALUE ADD OPPORTUNITY. MIXED-USE BUILDING FOR SALE WITH OVERSIZED CORNER LOT.
Home of the established Chicago icon, The Windsor Tavern (20+ years in operation). Located on the hard corner of Milwaukee and Windsor Ave., the subject property includes a 3-bedroom apartment, restaurant/bar, and year-round beer garden. This rare opportunity includes the real estate property with licenses and assets of the business. Contact the listing office for a full informational brochure. OPERATING BUSINESS. DO NOT DISTURB EMPLOYEES OR MANAGEMENT.
Zoning: Allows for full second-floor expansion. Existing footings and foundation in place.
Business Size:
3,050 SF Total Business 1,250 SF Bar + 1,800 SF Outdoor Beer Garden
Apartment:
3 Bedrooms, Large Kitchen Area, Full Bathroom and Shower, Living Room, Office
Licenses: Tavern, Incidental Liquor, Retail Food, Outdoor Beer Garden and Outdoor Sidewalk Cafe
Restaurant/Bar Highlights:
- 100+ occupancy
- Fully-enclosed and heated outdoor beer garden
- Sidewalk café with 35 seats (Can be doubled to allow for 70 seats)
- Newly expanded kitchen with walk-in and prep areas in 2019!
- New roof in 2020!
- New sump pump system
- Brunswick bar with 10 Tap (Glycol) beer system
- Stubbed-out areas for additional walk-in space and/or separate bar area for beer garden
- Full Basement with office, liquor room and dry storage area
- Sale Price: $948,000
- Property Tax: $5,400
- MLS: 11382621
- P.I.N.: 13161210150000
- Building Type: Mixed Use
- Number of Stories: 2
- Building Square Feet: 2,742
- Site Square Feet: 3,000
- Building Dimensions: 24x125
- Zoning: B3-1
Property Details
Seize the Opportunity to Own a Piece of Chicago’s History and Invest in the Future!
🏡 Location: 4530 N. Milwaukee Ave., Chicago, IL
🍻 Windsor Tavern Legacy: Over 20 Years in Business!
This is not just a property; it’s a VALUE ADD OPPORTUNITY! 🏢✨
Key Highlights:
- Mixed-Use Marvel: A versatile building situated on an OVERSIZED CORNER LOT, providing endless possibilities for growth and development.
- Windsor Tavern Legacy: A cornerstone of the community for over two decades, offering a built-in customer base and rich history.
- Zoning Perks: Unlock the full potential with zoning that allows for FULL SECOND-FLOOR EXPANSION. The groundwork is laid with existing footings and foundations in place!
- Diverse Spaces: This property boasts a 3-Bedroom Apartment, a vibrant Tavern, and a Year-Round Enclosed Beer Garden – catering to various revenue streams.
Why Invest Here?
- Strategic Location: Positioned in a high-traffic area, ensuring visibility and accessibility for both residents and visitors.
- Community Charm: Become part of the neighborhood fabric, building on the legacy of Windsor Tavern and contributing to the local vibrancy.