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River Plaza Heated Parking Space
For Sale
$40,000

405 N Wabash Avenue #B-24, Chicago, IL 60611

Single deeded parking space in renovated River Plaza garage.

Days on Market859

Property Features for 405 N Wabash Avenue #B-24

General Information

Standard status Active
Property subtype Land or Vacant Lot

Building Details

Year Built 1972
Listing Agency: STREETERVILLE REALTY, LLC
Listed By: HAROON KHAN · License #475152943
Source: Corcoran
Added: Mar 26, 2024 Changed: Jul 6 Last Checked: Aug 1 at 8:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STREETERVILLE REALTY, LLC

Investment Insights

Based on property information with market context.

A single parking space is available for purchase within the River Plaza Condominium garage, located on level B (G2). The parking area is heated and secured with key card entry. The garage, which has been completely renovated, is not open to the general public and has a garage manager on duty. The parking facility contains a limited number of 364 spaces shared with 405 Wabash Ave (697 units) and 403 N Wabash Ave (53 Units).

Key Highlights

  • Heated parking space in a secure condominium garage.
  • Key card entry for enhanced security.
  • Garage has been completely renovated.

Property Analytics

Current Use

Bongiorno's Cucina Italiana ... Restaurant Chicagoland Psychologist, LLC ... Physician Owen Chad Physician Sue H. Bae Physician Wendy Wasson, Ph.D. Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Restaurant Buffet Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39,915
Businesses Nearby
690k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 49% Hotels & Casinos 23% Apparel 20% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.1 miles
Starbucks Dining
132,317 visits/mo 0.3 miles
McDonald's Dining
65,567 visits/mo 0.3 miles
McDonald's Dining
52,443 visits/mo 0.4 miles
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.3 miles

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Single deeded parking space in renovated River Plaza garage.
Where is this parking lot & garage located?
The property is located at 405 N Wabash Avenue #B-24 Chicago, IL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Heated parking space in a secure condominium garage.; Key card entry for enhanced security.; Garage has been completely renovated.
More about this property
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