Price Reduction - Eco Friendly
Address
1233 S Wabash Avenue Chicago, IL
Price
$ 1,875,000
Property Attributes
  • MLS#10930262
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near South Side
  • NeighborhoodSouth Loop
  • Zip60605
  • Style
  • Year Built1910
  • Taxes12222
  • Price$ 1,875,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9975
Listing Provided Courtesy Of:
Sperry Van Ness
Data Source:
Midwest Real Estate Data LLC
Property Description

Over $500k price reduction!!! Incredible opportunity to acquire a historic bar/restaurant building with substantial air rights in the middle of Chicago's vibrant South Loop/Roosevelt Road corridor. Located at the high-profile Wabash & Roosevelt intersection, this approx. 9,975 SF building was the long time home of the Wabash Tap, and previously was 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 now at $1,875,000. The ground floor restaurant space is also available for lease at $35/sf NNN.

Price History
11/10/2020 Listed $2,400,000
5/3/2021 22% - $1,875,000

General Features

Cooling Central Individual
Electric Circuit Breakers, 101-200 Amps, Other
Property SubType Apts/Stores
Property Type Commercial Sale
Property Type Mixed Use
Standard Status Active
Stories 3
Tax Annual Amount 12222
Total Units 1
Zoning COMMR

Exterior Features

Building Area Total 9975
Lot Dimensions PER SURVEY
Lot Size Square Feet 4275
Total Parking 1

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60605

Price
AVG $1.05M
$1.88M
Taxes
AVG $55,169
$12,222
Visits
AVG 125
72
Year Built
AVG 1939
1910
Walkscore
AVG 95
95
Data Provided by Walkscore ® not using MLS data

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