658 W Belden Ave
HISTORIC CORNER RESTAURANT/RETAIL SPACE
FORMER JOHN BARLEYCORN BAR
Neighborhood: Lincoln Park
Cross Streets: Belden Ave & Lincoln Ave
COMMERCIAL SPACE: Former John Barleycorn Lincoln Park bar/restaurant:
• 6,816 SF at street level plus full basement for storage, coolers, mechanical systems, etc.
• Private 2,200 SF outdoor courtyard
• Extra-wide sidewalks allow for additional public outdoor dining in front and on the side
• Some remaining vintage details with 14’ antique tin ceilings & crown moldings, antique lights, main bar, etc.
DELIVERY CONDITION: This space will be delivered as a “vanilla box”. All of the kitchen equipment has been removed and the bathrooms and back bar area have been “gutted”. The main bar and several large coolers in the basement remain, but the space will require extensive remodeling. Multiple openings on west facade along Orchard have been prepared for installation of new windows/doors.
LOCATION: This site is located on the NE corner of Lincoln, Belden and Orchard streets in the heart of the Lincoln Park/DePaul University commercial district just south of the 6-way intersection of Lincoln, Fullerton and Halsted. The Fullerton CTA Red & Brown line station is 2 blocks northwest and the DePaul Lincoln Park campus is 1 block west.
This site is adjacent to the Lincoln Common (Children’s Memorial Hospital redevelopment) project that includes >100,000 SF of new retail space, 540 apartment units, 40 luxury condominiums, a 156-room senior living facility, a 5-story boutique office building, an 850 stall parking garage and over an acre of accessible open space.
Demographics: (2020) 1.0 mile 3.0 mile
Population 80,283 491,009
Households 43,761 263,726
Daytime Employment 37,440 541,134
Average Household Income $128,405 $130,374
Median Household Income $98,374 $98,958
Median Home Value $551,270 $464,047
Total Specified Consumer Spending ($000) $1,199,480 $7,237,442
Zoning: B3 – Community Shopping District, 43rd Ward (Ald. Michele Smith)
Traffic Counts: 9,000 vehicles per day (VPD) on Lincoln Ave, 22,000 VPD on Fullerton Ave, 20,000 VPD on Halsted.
Lease Rate: $45-$50/SF, NNN (includes use of private outdoor courtyard at no additional charge).
Additional Expenses: Real estate taxes and CAM expenses are projected at approx. $6-$8/SF.
Tenant Improvement Allowance: Up to $40/SF, which will be amortized over initial lease term in addition to base lease rate, contingent on provision of tenant guarantees sufficient for landlord to secure financing for TI.