Landlord Of Famed Chicago Hot Dog Stand, The Wiener's Circle, Puts Building On The Market
The Wiener's Circle is famous for its hot dogs, taunting the Trump administration on its menu and its sign, and the verbal abuse between its employees and post-last call Lincoln Park bar hoppers. But the Wiener's Circle's future on Clark Street is in doubt as the stand's landlord is looking for a buyer for the site, Crain's Chicago Business reports.
SVN Chicago Commercial's Jeff Baasch is marketing the Wiener's Circle site and an adjacent 17-unit apartment building for $7.5M. Existing zoning would allow a buyer to build a mixed-use building with six apartments and ground-level commercial space. In a Lincoln Park real estate market dominated by condo deconversions like the nearby Clark Place at 2625 North Clark St. and Kennelly Square last month, a buyer can renovate the existing apartments, build a new building on the Wiener's Circle site and realize a solid return on investment.
The Wiener's Circle pays $7,333/month in rent and is on a month-to-month lease. A new owner could negotiate a market rate lease with the shop, or evict Wiener's Circle once it assumes control of the property.
Another option: The investment group that owns The Wiener's Circle could buy the properties. A group led by Ari Levy, scion of the Levy Restaurants empire, bought the Wiener's Circle three years ago and wants to franchise the business. The Wiener's Circle opened a stand at Rosemont's new Impact Stadium in April.
