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    1133 Wabash Ave Chicago, IL 60605

    Sponsored
    For Sale
    $459,000

    Prime Retail Space, 1450 SF, $459,000

    Property size:
    1,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,450-square-foot storefront, located at 1133 S Wabash Ave in Chicago, IL, presents a compelling investment opportunity. Situated in the vibrant South Loop neighborhood, this ground-floor retail space is ideally positioned near the Roosevelt L stop, ensuring high visibility and accessibility. The asking price is $459,000, translating to $316.55 per square foot. The property's convenient location makes it suitable for a variety of retail or office uses, catering to a diverse clientele. With its attractive price point and prime location, this storefront offers significant potential for growth and return on investment. The property features a net rentable area of 1,450 square feet, providing ample space for business operations. The Cook County property is identified by APN 17-15-309-033-1002 and is located in the 60605 zip code. This is a rare chance to acquire a well-situated commercial property in a thriving Chicago neighborhood. The property's strategic location near public transportation ensures easy access for both employees and customers. Don't miss this chance to own a piece of Chicago's dynamic South Loop.

    Property Features for 1133 Wabash Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,450 SF

    HighLights

    • 1,450 SF ground floor retail space at 1133 S Wabash Ave, Chicago, IL 60605.
    • Asking price: $459,000 ($316.55/SF).
    • Located in the South Loop near the Roosevelt L station.
    • Suitable for retail or office use.
    • APN: 17‑15‑309‑033‑1002.
    Property Profile Location Intelligence

    Current Use by Public Records

    DEEPLINE Interior Designer Half Moon Yoga Yoga Studio NightwingHealer Establishment Loftus Incorporated Photographer

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625886688202
    Latitude
    41.868212323102

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, 1450 SF, $459,000
    Where is this individual retail property located?
    The property is located at 1133 Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: 1,450 SF ground floor retail space at 1133 S Wabash Ave, Chicago, IL 60605.; Asking price: $459,000 ($316.55/SF).; Located in the South Loop near the Roosevelt L station.
    Request Owner's contact information
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    Chicago, IL 60605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1133 Wabash Ave Chicago, IL 60605
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