Around the Hood: Edgewater Lounge For Sale For $725,000

Uh oh, anyone up for stepping in and saving Fish Fry Friday’s?

“Marcus & Millichap presents 5600 North Ashland Avenue, a two-story mixed-use restaurant bar with one large two-bedroom apartment, located in the Andersonville neighborhood of Chicago. The subject property is located at the lighted intersection of Ashland Avenue and Bryn Mawr Avenue, located just one block west of Clark Street and steps from the heart of Andersonville shops, nightlife, and historic commercial district.

The subject property operates as Edgewater Lounge, a well-known neighborhood name for good food, spirits, and spacious outdoor terraced seating. The building has been operating as a restaurant bar predating the prohibition era, offers 1,700 square feet of retail space, full galley kitchen, cooking equipment, and a cozy fireplace in the back lounge. The second floor apartment is 1,100 square feet in size and has 625 square foot deck plus a backyard. The property offers ample street parking and two paved spots.

Andersonville is a neighborhood within western Edgewater known for its diversity and unique specialty businesses blended with popular national retail stores. Investors are attracted to Andersonville because of the tremendous support they receive from both the Alderman’s office and proactive small business development groups.” – LoopNet

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