1233 S Wabash Avenue , Chicago, IL 60605
Chicago, IL 60605
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 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!
Details
| MLS# | 12185504 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 101 |
| Listing Provided By | Baird & Warner | Wendy Kiang |
Features
| SQ Feet | 9,975 |
|---|---|
| Story(s) | 3 |
| Units | 1 |
| Zoning | COMMR |
Market Activity 60605
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60605 |
| Area | CHI Near South Side |
| Listing VS Median (in 60605) | |
Price: $1,950,000 low | high Med: $332,500 SqFt: 9,975 low | high Med: 984 $ / SqFt: $195 low | high Med: $340 On Site: 101 low | high Med: 20.500000 | |