868 N Franklin Street $2,995,000


    868 N Franklin Street Chicago-Near North Side, IL 60610

    • 0.09 Acres
    • Land
    • MLS# 10845228
    Favorite Share
    Views: 20 Days On Site: 134

    Go Tour This Home

    Schedule A Showing

    Property Details

    Unique, fully built-out restaurant bldg w/ existing infrastructure & substantial land and air rights for development adding value. As the long-time home of nationally acclaimed MK restaurant, this property is a fully-fixtured restaurant with approximately 5,715 SF above grade along with a full-height approx. 3900 SF lower level, which contains all back of the house infrastructure for a restaurant. Total SF is approx 9589 SF. Bldg has mezz & 2nd-level for private dining or other purposes. Space features soaring ceilings w/ bow truss roof in the main dining room, massive skylight, exposed brick & timber beams throughout; 2 ADA restrooms, bar, lounge, and potential for outdoor seating. Property could also be utilized for other uses including a nightclub, venue, banquet, office, medical, salon/spa, fitness, gallery, showroom, childcare, or school. Existing C1-5 zoning allows for 24,000 SF bldg to be constructed on-site w/o any zoning relief. Located in a TOD zone allowing for decreased parking requirements for new resi/mixed-use dev. For sale at $2,995,000 or for Lease at $35/sf NNN. Lease is based on 5715 SF only - lower level is included in rent.

    • General Features
      • Area CHI - Near North Side
      • County Or Parish Cook
      • Current Use Commercial,Retail
      • Ownership Condo
      • Special Listing Conditions None
      • Tax Annual Amount 67049
      • Tax Year 2019
      • Township North Chicago
    • Building Features
      • Utilities Electric to Site,Gas to Site,Sanitary Sewer,Water to Site
    • Property Features
      • Frontage Length 43
      • Frontage Type City Street
      • Lot Size Acres 0.09
      • Lot Size Dimensions 43X100
      • Parcel Number 17044370140000
      • Road Surface Type Asphalt
      • Waterfront Y/N No
    • Schools
      • Elementary School District 299
      • High School District 299
      • Middle Or Junior School District 299



    60610 (Chicago-Near North Side) Demographics

    34 Median Age
    33,222 Population Density (per sq. mile)
    75% College Educated
    $77,094 Estimated Median Income
    8,855 Estimated Total Home Owners
    14,353 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    38,438 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $302,500 Median Sales Price
    44 Homes Sold
    148 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,995,000
        12/10/2020 12:18:04 AM Status Changed Source New Value: Active
        12/4/2020 3:03:17 PM Status Changed Source New Value: Re-activated
        9/9/2020 8:19:37 AM Status Changed Source New Value: Active
        9/9/2020 12:07:49 AM Status Changed Source New Value: Active
        9/3/2020 9:08:00 AM New in Database Source New Value: $2,995,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Chicago are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. © 2021 Midwest Real Estate Data LLC. All rights reserved. Information Deemed Reliable but Not Guaranteed. Listing information from this property search is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Based on information submitted to the MRED as of 1/15/2021 3:50:23 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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.
        The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.
        The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
        Chat software by BoldChat