South Loop Mixed-Use
For Sale
$3,200,000
2010 South Wabash Avenue, Chicago, IL 60616
Fully-leased mixed-use property in Chicago's South Loop.
Property Size4,250 SF
Price / SF$752.94
Days on Market375
Property Features for 2010 South Wabash Avenue
General Information
Standard status
Active
Size
4,250 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$50,440
Building Details
Year Built
2002
Stories
4
Listing Agency:
Strauss Realty Ltd
(847) 989-9653
Listed By:
Craig Wolf · License #475163046
(847) 989-9653
Source:
Compass
Added: Aug 1, 2025
Changed: Aug 9
Last Checked: Aug 9 at 12:36PM
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 Strauss Realty Ltd
Investment Insights
Based on property information with market context.
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, along with 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 and tenant appeal. 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. Located near Wintrust Arena, McCormick Place, Essex on the Park, and the Museum Campus, the property benefits from exceptional visibility and accessibility. 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. The property offers investors a rare opportunity to acquire a fully-leased, income-producing asset in a premier urban corridor with long-term growth potential.
Key Highlights
- Fully leased, income‑producing property boasting a 6.64% cap rate and $212,589 NOI.
- Prime South Loop location offering exceptional visibility and accessibility.
- Mixed‑use property featuring 6 renovated residential apartments and two retail spaces totaling 9,581 RSF.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,730
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 South Wabash Avenue 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 property boasting a 6.64% cap rate and $212,589 NOI.; Prime South Loop location offering exceptional visibility and accessibility.; Mixed‑use property featuring 6 renovated residential apartments and two retail spaces totaling 9,581 RSF.
