1233 South Wabash Avenue
$1,950,000
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Description
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...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!
- Listed by Wendy Kiang • Baird & Warner
- Listed by Kyle Capone • Baird & Warner
Property Details for 1233 South Wabash Avenue
Area
CHI - Near South Side
ZoningCOMMR
LISTING UPDATED: 12/13/2024 04:58 PM
Property Details for 1233 South Wabash Avenue
Status | Active |
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MLS # | 12185504 |
Days on Market | 66 |
Taxes | $23,667 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1910 |
Lot Size | 0.10 AC / 4,275 SF |
County | Cook County |
Building Information for 1233 South Wabash Avenue
Stories3Residences1Year Built1910Lot Size0.10 AC / 4,275 SF
Property Information for 1233 South Wabash Avenue
Property History for 1233 South Wabash Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 Dwelling (2-4)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 |
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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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