2010 S Wabash Ave Chicago, IL 60616
Fully-leased mixed-use property in Chicago's South Loop.
Property Features for 2010 S Wabash Ave
General Information
- Standard status
- Active
Building Details
- Year built
- 2002
Source:
Corcoran
Listing Agency: STRAUSS REALTY LTD Listing Agent: Craig Wolf
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
South Loop Mixed-Use Investment
Located in the heart of Chicago's dynamic South Loop, 2010-2012 S. Wabash Avenue is a 20,438 SF mixed-use property. The fully-occupied asset includes 6 residential apartments and two retail spaces totaling 9,581 RSF, featuring a 4,335 SF street-level storefront and an additional 5,246 SF of usable basement retail. An 8-car garage provides added convenience. The property is offered at a 6.64% cap rate based on in-place NOI of $212,589. The renovated residential units include granite countertops, stainless steel appliances, and in-unit laundry. Units 2F, 3F, and 4F were updated in 2023, and the remaining units were renovated in 2017. The property benefits from exceptional visibility and accessibility, located near Wintrust Arena, McCormick Place, Essex on the Park, and the Museum Campus. Within a one-mile radius of five CTA train lines and major bus routes, and under 10 miles to both O'Hare and Midway, this South Loop location continues to see strong development and demand. This property offers investors the opportunity to acquire a fully-leased, income-producing asset in a premier urban corridor with long-term growth potential.
Location Intelligence
Current Use by Public Records
Extensions By Armani
Cosmetic Store
Dollz Beauty Bar
Hair Salon
LuxSharee Styles
Hair Salon
Pretty Hair Weave
Hair Salon
Briana Nichole LLC
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6260476
- Latitude
- 41.8550434
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully-leased mixed-use property in Chicago's South Loop.
Where is this mixed-use property located?
The property is located at 2010 S Wabash Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: - Fully-leased, income-producing mixed-use property with strong cash flow and zero current vacancy.; - Prime South Loop location with exceptional visibility, accessibility, and long-term growth potential.; - Attractive 6.64% cap rate based on in-place NOI of $212,589.
