Timewarp,
If your token was made before 1909, when the new Chicago street
address system was adopted, the 172-176 N. Clark location would
have been north of the river, with a (1N) address at the north bank
of the river.
If the token is made of copper and is about the size of a penny,
then it may date before the Great Fire of 1871 and perhaps be a
token used by the infamous "runners" who enticed newcomers to a
shady hotels or boarding houses. However, the word "bar" sounds too
contemporary for pre-1871.
hth
There is a book on Illinois tokens of that sort, ie. "Good For"
or "Trade Tokens". Trade Tokens of Illinois by Ore Vacketta, out of
print, but available from the publisher at www.exonumia.com . World
Exonumia offers a large number of books on tokens/medals/exonumia
at www.exonumia.com/books.htm
I find the tokens are handy for verifying the addresses of
places.