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South Loop Retail/Office Space

1930 S Wabash Avenue #C1, Chicago, IL 60616

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For Sale

$250,000

Versatile 825 SF space in prime South Loop location.

Type:Commercial

Property size:

825 SF

Price / SF:

$303/SF

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 retail, office, medical, or creative uses.
Bright 825 SF space with high ceilings and expansive front windows.
Features 3 private offices/treatment rooms and a spacious reception/waiting area.
Convenient access to public transit and major expressways.

We can help!

Listing Contact

MYRA NIMCHAIYONG

For Sale

$250,000

Versatile 825 SF space in prime South Loop location.

Type:Commercial

Property size:

825 SF

Price / SF:

$303/SF

Added:: Sep 11, 2025
Days on Market:: 274
Last Refresh:: Apr 5 at 9:21 pm

Property Features for 1930 S Wabash Avenue #C1

General Information

Standard status: Active
Size: 825 SF
Property subtype: Commercial

Building Details

Year Built: 2002

We can help!

Listing Contact

MYRA NIMCHAIYONG

Listing agent MYRA NIMCHAIYONG

Listing office CENTURY 21 S.G.R., INC.

Listing date Sep 11, 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 S.G.R., INC.

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 retail, office, medical, or creative uses.
Bright 825 SF space with high ceilings and expansive front windows.
Features 3 private offices/treatment rooms and a spacious reception/waiting area.
Convenient access to public transit and major expressways.

Overview

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 space 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 practices, or creative suite concepts. A parking space is assigned and included with the property. The location is near McCormick Place, Wintrust Arena, public transit options, and major expressways. Situated on Wabash Avenue at the stop light intersection of Cullerton Avenue, the property combines convenience, visibility, and functionality.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $17,701 @ 7.0% cap · market cap 7.08%

Second Best

Retail

$163.1K

$142.7K – $190.2K (±1% cap)

NOI $11,414 @ 7.0% cap · market cap 4.57%

Theoretical Best

Office A

$389.0K

$340.4K – $453.8K (±1% cap)

NOI $27,229 @ 7.0% cap · market cap 10.89%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6259
Latitude: 41.8557

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For sale
Retail space
IL
Chicago
60616
1930 S Wabash Avenue #C1

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 retail, office, medical, or creative uses.