Historic South Loop Redevelopment Opportunity

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

HighLights

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.
Located in a Transit‑Oriented Development (TOD) area, one block from the Roosevelt CTA station (3.8M+ riders annually).
Upper floors can be converted into residential units, creative offices, or short‑term rentals.
Walking distance to Grant Park, Museum Campus, Soldier Field, Columbia College, and major retail (Jewel‑Osco, Trader Joe's).

We can help!

Listing Contact

SHARON WONG

For Sale

$1,790,000

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

Type:Commercial

Added:: Jul 1, 2025
Days on Market:: 352
Last Refresh:: May 10 at 11:03 pm

Property Features for 1233 S Wabash Avenue

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1910

We can help!

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

HighLights

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.
Located in a Transit‑Oriented Development (TOD) area, one block from the Roosevelt CTA station (3.8M+ riders annually).
Upper floors can be converted into residential units, creative offices, or short‑term rentals.
Walking distance to Grant Park, Museum Campus, Soldier Field, Columbia College, and major retail (Jewel‑Osco, Trader Joe's).

Overview

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 Location Intelligence

Current Use by Public Records

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

Suggested Use

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

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For sale
Bars & Pubs
IL
Chicago
60605
1233 S Wabash Avenue

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.

1233 S Wabash Avenue, Chicago, IL 60605

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

Property Features for 1233 S Wabash Avenue

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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