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    1301 Wabash Ave Chicago, IL 60605

    Sponsored
    For Lease
    $35 SF/Yr

    Prime South Loop restaurant space, excellent location.

    Lot size:
    9,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,036 square foot restaurant space is located at 1301 S Wabash Avenue in Chicago's vibrant South Loop submarket, zip code 60605. The property is a single-tenant building, currently configured as a restaurant and bar, representing a fantastic opportunity for a food and beverage operator. The main floor offers ample space for dining, bar service, and kitchen operations. A key feature is the potential for additional event space on the second floor, offering significant expansion possibilities. The building boasts a highly desirable corner location, ensuring excellent visibility and accessibility for customers. This second-generation restaurant space is ready for immediate occupancy, providing a turnkey solution for a new business or an established brand seeking to expand its footprint. The property's location within the South Loop offers a dynamic and densely populated area with high foot traffic and a diverse customer base. The address is 1301 S Wabash Ave, Chicago, IL. This is a rare opportunity to acquire a well-situated, established restaurant space in a thriving Chicago neighborhood.

    Property Features for 1301 Wabash Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,036 SF

    Unit(s) available at that property

    Space
    Size
    9,036 SF
    Rate per SF
    $35

    HighLights

    • 9,036 SF restaurant space at 1301 S Wabash Ave, Chicago, IL 60605.
    • Single‑tenant building, currently configured as a restaurant and bar.
    • Main floor features dining, bar, and kitchen areas; second floor offers potential event space.
    • Corner location in the South Loop provides high visibility and accessibility.
    • Second‑generation restaurant space, ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625709249559
    Latitude
    41.865771031805

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    FAQs

    What type of property is this?
    Restaurant - Prime South Loop restaurant space, excellent location.
    Where is this restaurant located?
    The property is located at 1301 Wabash Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 9,036 SF restaurant space at 1301 S Wabash Ave, Chicago, IL 60605.; Single-tenant building, currently configured as a restaurant and bar.; Main floor features dining, bar, and kitchen areas; second floor offers potential event space.
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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
    1301 Wabash Ave Chicago, IL 60605
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