Crave Cafe Closes; Could be Yours for $74K

Another one bites the dust at 1250 S. Michigan.  Crave Cafe and Lounge has apparently closed at 1250 S. Michigan.  Upon recently walking by the place was pretty much empty.  No TVs on the walls, no liquor behind the bar - a chaotic and abrupt stop to business.

To further put the nail in the coffin a reader recently sent us a $74,000 listing for the retail space via Loopnet:

Newly built out cafe/lounge located in the heart of South Loop. Features a 50' wrap around marble bar. Includes a full kitchen with top-of-the-line equipment: convection oven, grill ice maker, dishwasher, griddle, soup chaff, espresso maker, shake machine and more. No existing black iron. Attract South Loop dwellers any time of day from morning to night. Operating business. Do not disturb employees or management.  

South Loop- Next to Roosevelt Red Line The South Loop is home to a thriving community of young professionals, students of nearby colleges, and Chicago' s very own former Mayor, Richard M. Daley. The neighborhood features notable historical landmarks that include the 1836 Clarke House, one of Chicago' s oldest residences; a diverse dining scene; blues clubs and other nightlife options; and the convenience of the Museum Campus and Loop a short stroll away.

Obviously the Richard M. Daley comment is a little dated, but whatever.

As a reminder, Crave opened in September of 2013.  Closed for a brief remodel in June of 2014.  And apparently closed for good in July.  Before that, Karamela Cafe had a brief stint in 2013 and before that Winestyles also had a go in the space.

Who's up next?

(Hat tip:  KB!)