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1233 S Wabash Ave 9,975 SF 100% Leased Retail Building Chicago, IL 60605 $2,216,587 CAD ($222.21 CAD/SF)
Executive Summary
Incredible opportunity to own or redevelop a historic, value-add property at the high-traffic corner of Wabash & Roosevelt in Chicago's vibrant South Loop. Formerly home to the iconic Wabash Tap and Koko Taylor's Blues Club, this three-story building offers approx. Ground floor is a fully built-out, second-generation bar/restaurant space with existing infrastructure, ideal for a new operator or concept. The upper floors are currently configured as apartments and can be converted into additional residential units, creative offices, or short-term rentals. Zoned DX-7, the site allows potential for residential, mixed-use, hospitality, office, or retail development. Located in a Transit-Oriented Development (TOD) area, the property benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves more than 3.8 million riders annually. It is also within walking distance to Grant Park, the Museum Campus, Soldier Field, and surrounded by high-density housing, Columbia College, and major retail including Jewel-Osco and Trader Joe's across the street. The building is ideal for developers or investors seeking a rare infill site with historic character, existing income potential, and major redevelopment upside. Ground floor restaurant space is also available for lease at $30/SF NNN. Don't miss this rare chance to own a piece of South Loop history with future-forward potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,975 SF
Building Class
C
Year Built
1909
Price
$2,216,587 CAD
Price Per SF
$222.21 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.29
Lot Size
0.10 AC
Zoning
DX-7 - DX-7 Zoning allows for approx. 30,000 buildable SF
Frontage
105’ on Wabash Ave
Amenities
- Restaurant
- Signage
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-22-101-011-0000 | Improvements Assessment | $209,969 CAD |
| Land Assessment | $103,699 CAD | Total Assessment | $313,668 CAD |
Property Taxes
Parcel Number
17-22-101-011-0000
Land Assessment
$103,699 CAD
Improvements Assessment
$209,969 CAD
Total Assessment
$313,668 CAD
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1233 S Wabash Ave
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