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    224-230 S Wabash Ave Chicago, IL 60603

    For Lease
    $20 SF/Yr ($1,600 /Mo)

    Office space in historic building with natural light.

    Property size:
    960 SF
    Lot size:
    0.21 Acres

    Property Features for 224-230 S Wabash Ave

    General Information

    Size
    960 SF
    Lot size
    0.21 Acres

    Source: Willard Jones Real Estate Agent Jonathan Zimmerman

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

    Overview

    Vintage Office Space Available

    This 960-square-foot office space features two offices and an open area. Located at 224-230 S Wabash Ave, the space can be combined with suite 320 for a total of 2,223 square feet, or with suite 330 for a total of 6,383 square feet. The property is situated in a vintage, 10-story building located off the historic Route 66, also known as The Main Street of America. The building's efficient floor plates and natural light create an ideal environment for small-to-mid-size office tenants. The building is part of a trio of historical buildings on Wabash.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6265121
    Latitude
    41.8786234

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    FAQs

    What type of property is this?
    Office space - Office space in historic building with natural light.
    Where is this office space located?
    The property is located at 224-230 S Wabash Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Option to combine with adjacent suites (320 or 330) for larger space (up to 6,383 SF).; - Great natural light.; - Efficient floor plates.
    (312) 263-8787
    Request Owner's contact information
    224-230 S Wabash Ave Chicago, IL 60603
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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
    224-230 S Wabash Ave Chicago, IL 60603
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