1233 S Wabash Avenue Chicago, IL 60605
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
Listing agent SHARON WONG License #471011443
Listing office CENTURY 21 REALTY ASSOCIATES (312) 428-9123
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
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
Nearby Similar for Sale
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.
