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    1233 S Wabash Avenue Chicago, IL 60605

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    For Sale
    $1,790,000

    Value-add property in high-traffic area with redevelopment potential.

    Type:Commercial
    Added:
    Jul 1, 2025
    Days on Market:
    305
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 1233 S Wabash Avenue

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1910

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    Listing Contact
    SHARON WONG

    Listing agent SHARON WONG License #471011443

    Listing office CENTURY 21 REALTY ASSOCIATES

    Listing date Jul 1, 2025

    Source Corcoran

    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 CENTURY 21 REALTY ASSOCIATES


    Overview

    Historic South Loop Redevelopment Opportunity

    This three-story building, formerly home to the Wabash Tap and Koko Taylor's Blues Club, presents an opportunity for redevelopment in Chicago's South Loop at the corner of Wabash and Roosevelt. The ground floor features a built-out bar/restaurant space with existing infrastructure. The upper floors, currently configured as apartments, can be converted into additional residential units, creative offices, or short-term rentals. Zoned DX-7, the site allows for potential residential, mixed-use, hospitality, office, or retail development. Located in a Transit-Oriented Development (TOD) area, the property benefits from reduced parking requirements and is one block from the Roosevelt CTA station, which serves more than 3.8 million riders annually. It is within walking distance of Grant Park, the Museum Campus, and Soldier Field, and is surrounded by high-density housing, Columbia College, and major retail, including Jewel-Osco and Trader Joe's. The property is suited for developers or investors seeking an infill site with historic character and redevelopment upside. The ground floor restaurant space is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Near2Me Self Storage ... Storage Facility Wabash Tap Bar & Pub Self Storage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    • M Lounge 1520 S Wabash Ave, Chicago, IL 60605
    • a best seat 1841 S Calumet Ave, Chicago, IL 60616
    • My Place South Loop Restaurant 1906 S State St, Chicago, IL 60616
    • Serum 1719 S Clinton St, Chicago, IL 60616
    • Tapas Valencia 1530 S State St, Chicago, IL 60605

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6253
    Latitude
    41.8666

    FAQs

    What type of property is this?
    Bar & Pub - Value-add property in high-traffic area with redevelopment potential.
    Where is this bar & pub located?
    The property is located at 1233 S Wabash Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: High‑traffic corner location in Chicago's South Loop, near Wabash and Roosevelt.; Zoned DX‑7, allowing for residential, mixed‑use, hospitality, office, or retail development.; Fully built‑out, second‑generation bar/restaurant space on the ground floor.
    More about this property
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