Properties

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: Central Individual
Address Map
US
IL
Cook
Chicago
60605
Wabash
1233
Avenue
E0° 0' 0''
N0° 0' 0''
On Wabash, 1/2 block south of Roosevelt Road. On the East side of the street.
CHI - Near South Side
S
COMMR
Additional Information
9975
Circuit Breakers,Service - 101 to 200 Amps,Other
PER SURVEY
1
3
https://tours.vht.com/BWI/T434424064/nobranding
Baird & Warner
Wendy Kiang
Financial
23667
Listing Information
Kyle Capone
875112
10274
Baird & Warner
603201
23610
Active
2024-10-18T05:06:02Z
MRED
2024-10-18T05:05:22Z
Property Description

Invest in the vibrant South Loop /Museum Campus area. Walk to Grant Park, Soldier field, Museums and the famous ” Bean” sculpture in Millennium Park, boasting 5 million visitors a year. Incredible opportunity to acquire a historic bar/restaurant building with air rights. Located at the busy Wabash & Roosevelt intersection, with an L stop only a block away. This building has been the location of the local favorite “Wabash Tap” with the historically significance of formerly being the famous Blues singer Koko Taylor’s blues club. The 4,275 SF ground floor is a 2nd generation bar/restaurant with substantial infrastructure and equipment for a new operator. The upper two floors could be re-positioned as either apartments or office space. DX-7 zoning allows for a complete re-development of up to +/- 30,000 buildable SF and is located in a Transit-Oriented Development (TOD) area allowing for reduced/limited parking. The site has potential for residential, mixed-use, hotel/hospitality, office, or retail/restaurant development. One of the busiest locations in Chicago, the property is one block from the Roosevelt CTA station, which boasts over 3.8 million riders annually. Offered for sale, The ground floor restaurant space is also available for lease . Owner would also consider leasing out the 2nd and 3rd floor at a reasonable lease rate.

Commercial Sale For Sale

1233 S Wabash Avenue, Chicago, Illinois 60605

$2,600,000
Listing ID#12185504
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12185504
Price : $2,600,000
Year Built : 1910
Listing Status : Active
Property Sub Type : Apts/Stores
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