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    1300 S Wabash Ave Chicago, IL 60605

    Sponsored
    For Sale
    $4,900,000

    High-Occupancy Retail Space, Prime Location

    Property size:
    15,457 SF

    Description

    Added:
    Jan 14, 2025
    Days on Market:
    357
    This exceptional 15,457 square foot retail building is ideally situated in the heart of Chicago's vibrant South Loop neighborhood. Currently 100% occupied, this property presents a compelling investment opportunity with significant upside potential. The building benefits from a highly desirable location, just one block from an elevated train station (EL) providing convenient public transportation access. A separate parking lot is included, along with an additional attached parking lot, ensuring ample parking for tenants and customers. The property is zoned DX-7, offering flexibility for future development or expansion. The building's strong current income stream forms the basis of the capitalization rate (CAP rate), offering a solid return on investment. The 0.42-acre lot provides additional development potential. This is a rare opportunity to acquire a well-located, high-performing retail property in a rapidly growing area of Chicago. The strong occupancy and convenient location make this an attractive investment for both seasoned and new investors. The potential for future growth and development further enhances the value proposition of this exceptional property.

    Property Features for 1300 S Wabash Ave

    General Information

    Property type
    Other retail properties
    Square Feet
    15,457 SF
    Price / Square Foot
    $317
    Class
    C
    Total Parking Spaces
    20
    Elevators
    N/A
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    2

    HighLights

    • Prime South Loop location, 100% occupied retail building.
    • Includes two separate parking lots for added convenience.
    • 15,457 square feet with DX 7 zoning and high upside potential.
    Location Intelligence

    Current Use by Public Records

    Bank of the West Bank BMO Bank N.A ... Bank Best Home Healthcare ... Registered General Nurse BMO Harris Bank ... Mortgage Lender Golden Years Companion ... Home Health Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    State
    Illinois
    Longitude
    -117.833445
    Latitude
    33.757361

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    FAQs

    What type of property is this?
    Other retail property - High-Occupancy Retail Space, Prime Location
    Where is this other retail property located?
    The property is located at 1300 S Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Prime South Loop location, 100% occupied retail building.; Includes two separate parking lots for added convenience.; 15,457 square feet with DX 7 zoning and high upside potential.
    (847) 372-3347
    Request Owner's contact information
    1300 S Wabash Ave Chicago, IL 60605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 S Wabash Ave Chicago, IL 60605
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