The intellectual property of B.L.U.E.S. is included with the sale i.e., the brand, website, social media platform, memorabilia, vintage external electric sign, access to the owner for his contacts and connections (once the deal is closed), etc. The intellectual property and the real estate may be purchased by two different buyers. HOWEVER, the closing and funding for the intellectual property & the real estate is required to take place contemporaneously. Seller financing available to qualified buyers for a ten-year promissory note with a minimum down payment of 30% for the real estate only. B.L.U.E.S. operated as a live blues-bar/club on the ground floor of this three-story mixed-use building in Lincoln Park from 1979 to March 2020. The business ceased its operation due to the first Covid lockdown on March 16, 2020 and never reopened. Floors 2 & 3 were formerly rented as 3-bedroom/1 bath apartments. This vintage Chicago structure was built in 1892. 2021 RE Taxes: $26,199. Building square footage = 3,300 SF. Lot 24 ft. X 126 ft. (Land 3,024 SF). B1-2 Zoning. The real estate is to be sold AS-IS. Proof of funds is required prior to showing.
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For more information about 2519 N Halsted, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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