Chicago IL Commercial for Sale
$1,950,000
1233 S Wabash Avenue Chicago, IL 60605
- Type:
- Other
- Sq.Ft.:
- 9,975
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1910
- Baths:
- MLS#:
- 12185504
View additional info
Courtesy: Baird & Warner
708-491-4155
ADDITIONAL INFORMATION
This value-add historic bar/restaurant property at the high-traffic Wabash and Roosevelt intersection offers significant potential with air rights and DX-7 zoning. LARGE price correction was made to bring all considerable offers to the table. Located in the vibrant South Loop/Museum Campus area, it's within walking distance to Grant Park, Soldier Field, museums, and Millennium Park's iconic "Bean." The location is easily accessible, with an L stop one block away and grocery stores (Jewel-Osco, Trader Joe's) across the street. Formerly the "Wabash Tap" and Koko Taylor's blues club, the 4,275 SF ground floor features a second-generation bar/restaurant space with substantial infrastructure for a new operator. The upper floors can be converted into apartments or office space. Zoned DX-7, the property allows for up to +/- 30,000 buildable SF, with potential for residential, mixed-use, hotel, office, or retail/restaurant development. Situated in a Transit-Oriented Development (TOD) area, it benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves 3.8 million riders annually. The property is available for sale, with ground floor and upper floors also available for your ideas to begin work on immediately. Contact today before its gone!
- Type:
- Condo
- Sq.Ft.:
- 2,200
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 11982192
View additional info
Courtesy: Sperry Van Ness
312-676-1866
ADDITIONAL INFORMATION
Previous restaurant space with in place restaurant infrastructure available for sale or lease in Chicago's Printer's Row neighborhood. Terrazzo floors and exposed brick walls are among the features in this vintage building. A large sidewalk cafe with permanent pergola structure adds additional seating in the warmer months. Space includes a full basement that has refrigeration, prep space storage and office. Great space for a hands on owner user. Smaller footprint may be available. Contact Advisor for more information.
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Chicago Real Estate
The median home value in Chicago, IL is $284,100. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Chicago, IL is $284,100. Approximately 40.54% of Chicago homes are owned, compared to 48.29% rented, while 11.17% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60605 has a population of 2,742,119. Chicago 60605 is less family-centric than the surrounding county with 24.86% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Chicago, Illinois 60605 is $65,781. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Chicago 60605 is 35.1 years.
Chicago Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 38.2 inches per year, with 35.1 inches of snow per year.