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24 Hour Starbucks on Tap?

By
Real Estate Appraiser with PahRoo Appraisal & Consultancy

One of the benefits to being a professional real estate appraiser is that you get to meet a lot of interesting people and those people know an awful lot about a lot of things.

Today, during a pre-listing appraisal in the South Loop (south of Chicago downtown), the client mentioned Starbuck's test-market in Chicago for 'adult-beverages' at some of the busier locations.

From what I've seen and been told, the North Avenue location is one of the busiest.  It is located at North Avenue and Wells Street, in Chicago, in the Old Town neighborhood and just south of Lincoln Park.  That Starbucks is considered by many to be the mecca in the city due to its diverse clientele, large seating capacity, great location and near a lot of local retail establishments and eateries (not to mention a few places to get a cocktail).

Additionally, that North Avenue Starbucks is a 24 hour location.  Yes, you can get your java flowing 24 hours a day. Imagine the scene in the near future, when you can get your libations 24 hours a day no matter what drink you call out.  Granted, the 'adult beverage' category would be governed by local ordinances for service times.  

So, think about it...you live in the area, you are going to meet for a date, you stop by Starbucks mid-afternoon to get a little boost... you meet  your date at the 'coffee shop' aka North Ave Starbucks, have a latte..things are progressing and you return to the drink counter for some 'leaded coffee' and launch your evening with a different kind of java-infused lubrication, or even a local Chicago-version of coffee-flavored barley-malt beverage...and then the evening goes so well, that some time after you midnight, you possibly return to the counter for some java sans-booze....

Sure seems like this 24 hour Starbucks could get a lot busier...granted it is in a high density urban location which helps.  

Time (and dating results) will tell.

 

Michael Hobbs, PahRoo Appraisal & Consultancy

Comments (5)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Interesting. I bet it works well. I am not a coffee guy anyway but that would get me in there.

Dec 20, 2011 04:08 PM
Gabrielle Nemes
RE/MAX Realty South - Tumwater, WA
206.300.8421, S King & Pierce County RE Advocate

Oh yeah ... I can see it exactly as you describe. After all ... this Seattle area is Starbucks heaven!

Dec 20, 2011 04:46 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Oh yeah coffee 24 hrs. that is what every town needs.  Have a great Christmas.

Dec 20, 2011 05:02 PM
Michael Hobbs
PahRoo Appraisal & Consultancy - Chicago, IL
SRA, LEED GA, RAA

Chuck, I couldn't agree with you more...especially  in higher density areas where the typical clientele is post-college and has some dispoable income (and not saddled with an oppressive upside mortgage).

 

Dec 21, 2011 11:54 AM
Michael Hobbs
PahRoo Appraisal & Consultancy - Chicago, IL
SRA, LEED GA, RAA

Just like everyone needs a PDA and 24/7 access to the internet, so it seems Starbucks wants to be 24/7 as well.

Dec 21, 2011 02:25 PM