1525 N Wells St
Chicago, IL 60610 Old Town

LG’s Bar & Kitchen is an impeccably appointed, modern Irish American sports bar in the heart of Chicago’s Old Town. Corporately held Incidental Liquor, PPA (public place of amusement) & Retail Food Licenses including a Sidewalk Café Permit. High grossing revenue. With options, 16 years left on the NET lease. 50 feet of frontage with wide sidewalks on Wells Street. 6,578 internal square feet. Occupancy: 239 persons inside with 42 persons seated on the sidewalk. Main bar & dining room 80’ 6” deep X 49’ 8” wide. The rectangular bar is 72 linear feet. The ceiling is 11 feet high. Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees

Lease Information: 
+ Commencement Date: May 1, 2016
+ Lease Expiration Date: April 30, 2026
+ Lease Type: NET
+ Gross Leasable Area: 6,578 SF
+ Current Base Rent: $39,143.20/monthly
+ Additional Options Term: Three 5-year Renewal Option Periods
+ Escalations: 3% annual escalations, including all Renewal Option Periods
+ RE Taxes: Tenant is responsible for 52% of annual real estate tax bill (currently $6,200/monthly)
+ Utilities: Tenant is responsible for electric and gas. Tenant is responsible for 50% of the water bill (approximately $700/monthly)
+ Scavenger – Tenant is responsible for supplying refuse disposal for their Premises
+ Security Deposit: $78,286

• Date available: 60 Days
• Lease term: Negotiable
• Service type: To Be Determined
• Built out as: Restaurants And Cafes
• Space Type: Sublet