2241 South Wabash Avenue
$4,250,000
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Description
Just south of the South Loop of Chicago, this exceptional mixed-use commercial property in the Motor Row neighborhood of Chicago. This building's striking exterior design and its timeless architecture make it standout among other commercial properties in the area. The spacious three-level layout with soaring timber ceiling heights of 16' on the 2nd and 3rd floors with exposed brick, and 17' for the garage with a drive in door, complete with a full basement, totaling an impressive 39,900 square feet,...Just south of the South Loop of Chicago, this exceptional mixed-use commercial property in the Motor Row neighborhood of Chicago. This building's striking exterior design and its timeless architecture make it standout among other commercial properties in the area. The spacious three-level layout with soaring timber ceiling heights of 16' on the 2nd and 3rd floors with exposed brick, and 17' for the garage with a drive in door, complete with a full basement, totaling an impressive 39,900 square feet, with just about 10,000 SF per floor, 400 AMP electrical service per floor and a freight elevator. Situated in a TIF district and an opportunity zone, presents a unique chance for investors seeking tax incentives, capital improvements and long-term growth potential. The 3rd floor provides the perfect canvas for creating versatile and functional workspaces, complete with 1 office, a conference room with a skylight, a kitchenette and 2 dedicated restrooms. The 2nd floor has an impeccably designed interior that exudes professionalism and modernity with enclosed glass offices, 1-2 large conference rooms, 7-8 private offices, center open floorplan, reception area, media/conference room adjacent to the open office, IT room, storage room, 2 large dedicated restrooms, the kitchen is a dream. The main level consists of front retail/offices, garage in the rear of the building with 17-19 surface spaces, a drive in door, warehouse area, and a full locker room area, and the full basement offers full ceiling height space for storage, equipment, or expansion, allowing your business to grow and adapt as needed. This office building offers an incredible opportunity to be near McCormick Place, major transportation routes are easily accessible, ensuring effortless commuting for employees and clients via McCormick Place Green Line Station, bus routes, Interstates 55, 90, and Route 41-Lake Shore Drive. Surrounding this property, you'll find an array of amenities that cater to the needs of your business and employees. From a variety of dining options to retail shops and entertainment venues, the vibrant city of Chicago, offering a wealth of cultural experiences, world-class dining, and an energetic arts scene.
- Listed by Myra Nimchaiyong • Century 21 S.G.R., Inc.
Property Details for 2241 South Wabash Avenue
Area
CHI - Near South Side
TownshipSouth Chicago
Num Of Parking Spaces19.0
ZoningCOMMR
LISTING UPDATED: 11/06/2023 12:07 AM
Property Details for 2241 South Wabash Avenue
Status | Active |
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MLS # | 11919778 |
Days on Market | 588 |
Taxes | $236,726 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1915 |
Lot Size | 0.26 AC / 11,520 SF |
County | Cook County |
Building Information for 2241 South Wabash Avenue
Stories-Residences3Year Built1915Lot Size0.26 AC / 11,520 SF
Property Information for 2241 South Wabash Avenue
Property History for 2241 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 2241 South Wabash Avenue
Taxable ValueLand$115,200Additions$969,355Total$1,084,555
Tax Record2022$223,771 ($18,648 / month)
Home Facts
Total Finished SqFt26,500 SqFtAbove Grade Finished SqFt26,500 SqFtStories3Lot Size11,520 SqFtStyleStoresYear Built1898CountyCOOKAPN17-27-101-021
Schools near 2241 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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National Teachers Elementary Academy PublicPK to 8 | ||
Phillips Academy High School Public9 to 12 | ||
Graham R Training Center Public9 to 12 | ||
Perspectives Charter - Joslin Campus 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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