Who would like to buy Blue Bayou?

“Rare opportunity to acquire a single-tenant retail building in the Southport Corridor.”

Want to own a piece of history? The business has been shuttered since 2013, efforts to re-lease the space failed – and it’s now in foreclosure.

Now, the Blue Bayou building is currently for sale, and the listing can be found here.

The Property is a retail/commercial building located along the west side of North Southport Avenue in Chicago, Illinois. The Property is located within the Southport Corridor neighborhood of Lakeview, Chicago’s largest community. Lakeview is situated approximately 7-miles north of Chicago’s Central Business District and is home to approximately 100,000 residents while the City of Chicago has a population of approximately 2,710,000 residents. The Property is conveniently located under one (1) mile from both the Chicago Transit Authority (CTA) Southport Brown Line and Addison Red Line train stations. Lake Shore Drive and the Kennedy Expressway provide access to the Property from the greater Chicago metro area. Lake Shore Drive is approximately one (1) mile to the east while the Kennedy Expressway is approximately three (3) miles to the west. The market features heavy commercial/mixed-use development with various retail uses adjoining the Property. Some of the major tenants within this area include: Music Box Theater, Mercury Theater, Jewel-Osco, Bank of America, Chase, Fifth Third Bank, Soul Cycle, among many others. Overall, the building is well located and features strong visibility along Southport Avenue.

Highlights

  • Value-add opportunity along the affluent Southport Corridor, one of the north side’s more desirable neighborhoods and commercial districts.
  • Limited retail availability in the immediate vicinity should bring increased interest to the site as demand recovers from COVID-19
  • The Property is conveniently located under one (1) mile from both the Chicago Transit Authority (CTA) Southport Brown Line and Addison Red Line train stations.
  • The Property is in an established commercial corridor with several nearby retailers including Music Box Theater, Mercury Theater, Jewel-Osco, Bank of America, Chase, Fifth Third Bank, Soul Cycle, amongst many others

One thought on “Who would like to buy Blue Bayou?”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: