1233 South Wabash Avenue

Chicago, IL 60605

$2,600,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Wendy Kiang • Baird & Warner
  2. Listed by Kyle Capone • Baird & Warner

Property Details for 1233 South Wabash Avenue

Area
CHI - Near South Side
Zoning
COMMR
LISTING UPDATED: 10/18/2024 12:06 AM

Property Details for 1233 South Wabash Avenue

StatusActive
MLS #12185504
Days on Market35
Taxes$23,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1910
Lot Size0.10 AC / 4,275 SF
CountyCook County

Building Information for 1233 South Wabash Avenue

Stories3Residences1Year Built1910Lot Size0.10 AC / 4,275 SF

Property Information for 1233 South Wabash Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Estimated Tax/Sf: 2.86
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Service - 101 to 200 Amps, Other
  • Heat/Ventilation: Other
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: PER SURVEY
  • Lot Size Square Feet: 4275.0
  • Stories: 3
  • Fire Protection: Other
  • Building Area Total: 9975
  • # Of Offices: 0
  • # Of Stores: 3
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Buyer Financing: Cash, Negotiable
  • Documents Available: Tax Bill
  • Public Document Count: 0
  • Photos Count: 11
  • Estimated Cam/Sf: 4
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1233 South Wabash Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1233 South Wabash Avenue

Taxable ValueLand$59,850Additions$38,965Total$98,815
Tax Record2022$20,388 ($1,699 / month)
Home Facts
Baths4Total Finished SqFt9,800 SqFtAbove Grade Finished SqFt9,800 SqFtStories3Lot Size4,275 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN17-22-101-011

Schools near 1233 South Wabash Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
South Loop Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Jones College Prep High School
Public9 to 12

Perspectives Charter High School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1233 South Wabash Avenue is a mixed use property for sale in Chicago, IL 60605. This property was listed for sale on October 11, 2024 by Baird & Warner, it's currently listed at $2,600,000. It has been on the market for a total of 35 days and was last sold on February 20, 2002. This listing's school district is Chicago Public Schools. Nearby schools include South Loop Elementary School, Phillips Academy High School and Jones College Prep High School. 1233 South Wabash Avenue is a 0-bed, 0-bath, mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/18/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.