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    1932 S Wabash Ave Chicago, IL 60616

    For Sale
    $275,000

    Versatile 825 SF space in prime South Loop location.

    Property size:
    24,000 SF
    Lot size:
    0.39 Acres

    Property Features for 1932 S Wabash Ave

    General Information

    Size
    24,000 SF
    Lot size
    0.39 Acres

    Source: Century 21 - SGR | Chicago (North) Agent Myra Nimchaiyong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Loop Retail/Office Space

    This bright and versatile 825 SF space is suitable for retail or office use and is located in the heart of the South Loop. The space features high ceilings, hardwood floors, and expansive front windows that provide natural light and visibility. The layout includes three private offices or treatment rooms, a spacious reception or waiting area, and an expansive restroom. The property's DX-5 zoning allows for a wide range of uses, making it ideal for retail, professional services, medical, or creative suite concepts. A parking space is assigned and included with the property. The location is near McCormick Place, Wintrust Arena, and public transit, with convenient access to major expressways. The property is positioned on Wabash Avenue at the Cullerton Avenue stop light intersection.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier Luxury Developments Contractor Centurion Realty & Estates Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6258914
    Latitude
    41.8556876

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    FAQs

    What type of property is this?
    Retail space - Versatile 825 SF space in prime South Loop location.
    Where is this retail space located?
    The property is located at 1932 S Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Prime South Loop location on Wabash Avenue at Cullerton Avenue, near McCormick Place and Wintrust Arena.; - Included assigned parking space.; - Versatile DX-5 zoning allows for retail, professional services, medical, or creative uses.
    (773) 575-2779
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    Chicago, IL 60616
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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
    1932 S Wabash Ave Chicago, IL 60616
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