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River Plaza Tandem Parking Space
For Sale
$57,500

405 N Wabash Avenue #B108-109, Chicago, IL 60611

Large tandem parking space in River Plaza Condominium Garage.

Property SizeContact for details
Days on Market850

Property Features for 405 N Wabash Avenue #B108-109

General Information

Standard status Active
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $1,086

Building Details

Year Built 1977
Listing Agency: STREETERVILLE REALTY, LLC
Listed By: HAROON KHAN · License #475152943
Source: Corcoran
Added: Apr 23, 2024 Changed: Aug 17 Last Checked: Aug 20 at 4:36AM

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.

This is a large tandem parking space located on the 'B' level (G2) of the River Plaza Condominium garage. The space is large enough to accommodate two cars and storage. The garage is heated and features security with key card entry, as well as a garage manager on duty. The garage has undergone a complete renovation with a $6 million update. There are a limited number of 364 parking spaces shared with 405 Wabash Ave (697 units) and 403 N Wabash Ave (53 Units). The building at 403 N Wabash Ave does not sell deeded parking, only common assigned rights for higher prices.

Key Highlights

  • Large tandem parking space fits 2 cars and storage.
  • Located in River Plaza Condominium garage.
  • Heated garage.

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
Rey
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Large tandem parking space in River Plaza Condominium Garage.
Where is this parking lot & garage located?
The property is located at 405 N Wabash Avenue #B108-109 Chicago, IL.
What is the asking price?
The asking price for this property is $57,500.
What are key features of this property?
This property features: Large tandem parking space fits 2 cars and storage.; Located in River Plaza Condominium garage.; Heated garage.
More about this property
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