Zoned Industrial Land with Tenant
For Sale
Contact for pricing
2424 S Wabash Avenue, Chicago, IL 60610
Industrial land parcel zoned DS-3, leased to Herc Rentals through December 2025 under a modified gross lease.
Property SizeContact for details
Days on Market124
Property Features for 2424 S Wabash Avenue
General Information
Standard status
Active
Property subtype
Special Purpose, Industrial
Zoning
DS-3
Building Details
Tenancy
Single
Listing Agency:
SVN | Chicago Commercial
Listed By:
Tim Franz · License #IL 475153640
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:40PM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
The offering is for 2424 S Wabash Avenue, an industrial land parcel currently leased to Herc Rentals (Hertz Global Holdings). The lease is described as a 10-year modified gross lease that runs through December 2025, with rental increases during the base term and option periods. The parcel is zoned DS-3, which the remarks indicate does not restrict building height for potential redevelopment.
Located in Chicago’s South Loop neighborhood, the area is described as a mix of high-end residential and commercial business centered around McCormick Place, the largest convention space in North America. The site is also noted as a few blocks from Wintrust Arena, the new home for DePaul University home basketball games and other events.
Additional nearby attractions mentioned include Soldier Field and the Field Museum. The property is presented as an occupied land asset with a remaining lease term through December 2025.
Located in Chicago’s South Loop neighborhood, the area is described as a mix of high-end residential and commercial business centered around McCormick Place, the largest convention space in North America. The site is also noted as a few blocks from Wintrust Arena, the new home for DePaul University home basketball games and other events.
Additional nearby attractions mentioned include Soldier Field and the Field Museum. The property is presented as an occupied land asset with a remaining lease term through December 2025.
Key Highlights
- Industrial land parcel at 2424 S. Wabash in Chicago’s South Loop
- Leased to Herc Rentals under a 10‑year modified gross lease through December 2025
- DS‑3 zoning with no restriction on building height for potential redevelopment
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Industrial land - Industrial land parcel zoned DS-3, leased to Herc Rentals through December 2025 under a modified gross lease.
Where is this industrial land located?
The property is located at 2424 S Wabash Avenue Chicago, IL.
What are key features of this property?
This property features: Industrial land parcel at 2424 S. Wabash in Chicago’s South Loop; Leased to Herc Rentals under a 10‑year modified gross lease through December 2025; DS‑3 zoning with no restriction on building height for potential redevelopment
