South Loop Retail/Office
1930 S Wabash Avenue #C1 Chicago, IL 60616
For Sale
$250,000
Versatile 825 SF space in prime South Loop location.
Property Size825 SF
Price / SF$303.03
Days on Market322
Property Features for 1930 S Wabash Avenue #C1
General Information
Standard status
Active
Size
825 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
CENTURY 21 S.G.R., INC.
(312) 326-3697
Listed By:
MYRA NIMCHAIYONG
Source:
Corcoran
Added: Sep 11, 2025
Changed: Jul 6
Last Checked: Jul 28 at 10:20AM
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 S.G.R., INC.
Investment Insights
Based on property information with market context.
This bright and versatile 825 SF space is suitable for retail or office use and is located in the heart of the South Loop. The property features high ceilings, hardwood floors, and expansive front windows that provide natural light and visibility. The layout includes three private offices or treatment rooms, a spacious reception or waiting area, and an expansive restroom. The property's DX-5 zoning allows for a wide range of uses, making it ideal for retail, professional services, medical, or creative suite concepts. A parking space is assigned and included with the property. The location offers convenience, visibility, and functionality, positioned near McCormick Place, Wintrust Arena, public transit, and major expressways, situated on Wabash Avenue at the stop light intersection of Cullerton Avenue.
Key Highlights
- Prime South Loop location on Wabash Avenue at Cullerton Avenue, near McCormick Place and Wintrust Arena.
- Included assigned parking space.
- Flexible DX‑5 zoning allows for diverse business uses (retail, office, medical, creative).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $38.40 |
| − Vacancy | −$8.1k | −$9.79 |
| EGI | $23.6k | $28.61 |
| − OpEx | −$5.9k | −$7.15 |
| NOI | $17.7k | $21.46 |
825 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$163.1K
$142.7K – $190.2K
NOI $11,414 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$389.0K
$340.4K – $453.8K
NOI $27,229 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Versatile 825 SF space in prime South Loop location.
Where is this retail space located?
The property is located at 1930 S Wabash Avenue #C1 Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime South Loop location on Wabash Avenue at Cullerton Avenue, near McCormick Place and Wintrust Arena.; Included assigned parking space.; Flexible DX‑5 zoning allows for diverse business uses (retail, office, medical, creative).
