1233 South Wabash Avenue
$2,600,000
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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.
- 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: 10/18/2024 12:06 AM
Property Details for 1233 South Wabash Avenue
Status | Active |
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MLS # | 12185504 |
Days on Market | 35 |
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 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 |
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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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