Active

1233 S Wabash Avenue

Chicago IL, 60605

$1,950,000


$195.49 per sqft

Active

9,975 sqft

Other

Built in 1910

Courtesy of Baird & Warner

Huge 650,000 price reduction by anxious owner. 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. And two grocery stores, Jewel/Osco and Trader Joe across the Street. 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 and 2nd, 3rd floor offices are also available for lease .

12185504

MLS ID

October 12, 2024

Listed

December 2, 2024

Updated

Map

1233 S Wabash Avenue
Chicago IL, 60605

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Individual


Heating

No

Exterior/Building Features

Lot Size

0.1 Acres

Other Property Details

Area Name

CHI - Near South Side


Taxes

$23,667


Tax Frequency

Annually


Days on Market

53


Garage

No


View

No


County

Cook


Pool

No


Zoning

COMMR

Listing History

Date

Event

Price

11/26/2024

Price change

$1,950,000

-25%

Courtesy of Baird & Warner, Wendy Kiang,
Listing Contact: 708-254-3521 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Phil Skowron are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 12/2/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 6:37 AM UTC, 12/2/2024

 

 

Powered byLuxury Presence