Curious future of North Center's former "Lincoln Lodge" restaurant

4008 N Lincoln Avenue, Chicago IL 60618

The former Lincoln Restaurant building has sat vacant for over a year now.  The restaurant/ lounge closed at the end of 2013 and was best known the last several years for a long running comedy night called Lincoln Lodge .  The zoning is B1-1, Business (September 2014) from public record culled by Chicagocityscape.com.

There was/ is a Loopnet listing for leasing the space that also references the building and parking lot could be sold for $3.4M. I don't see the property offered for lease or sale by any broker.  The property was in foreclosure as early as 2009. There is a cancelled MLS listing for the entire property as late as 2011 for $1,750,000. 

The busy Lincoln/Damen/Irving Park intersection is the hub of desirable North Center where single family homes prices are through the roof.  The location is close to the CTA Irving Park Brown Line, condos, lots of services, restaurants and bars.  Commercial and residential development in Lincoln Park, Lakeview, North Center and Lincoln Square along commercial streets has been really hot over the past couple years.

It's not clear what the status of this property is at the moment.