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
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!
12185504
MLSⓇ ID
October 12, 2024
Listed
December 13, 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
64
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 12/13/2024. 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 11:18 PM UTC, 12/13/2024
