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    18 Wabash Ave Chicago, IL 60602

    For Lease
    $50 SF/Yr

    5,400 SF Retail Space - East Loop

    Lot size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,400-square-foot retail space is located at 18 N Wabash Ave in Chicago, IL, zip code 60602, within the Downtown - Retail submarket. The single-tenant property offers a street-level location with high foot traffic and excellent visibility, situated in the vibrant East Loop, steps from Block 37 and a block from Millennium Park. The space is ideally suited for a variety of uses, including medical, salon, or spa businesses. Its design includes 18 private exam rooms, each designed for privacy and comfort, along with a welcoming reception area. The property's convenient location, luxurious design, and accessibility make it an attractive option for businesses seeking a strong presence in a highly sought-after Chicago neighborhood. The entire 5,400 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity to establish a thriving business in one of Chicago's most dynamic areas. The property's prime location ensures high visibility and accessibility for potential customers, contributing to a successful business venture. The building's design and layout are conducive to a variety of retail uses, offering flexibility and adaptability for different business models.

    Property Features for 18 Wabash Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,400 SF
    Total Rate
    22500

    Unit(s) available at that property

    Space
    Suite 100
    Size
    5,400 SF
    Rate per SF
    $50

    HighLights

    • 5,400 SF retail space at 18 N Wabash Ave, Chicago, IL 60602 (Downtown - Retail submarket).
    • Street‑level location in the East Loop, near Block 37 and Millennium Park, offering high foot traffic and visibility.
    • Suitable for various uses, including medical, salon, or spa; features 18 private exam rooms and a reception area.
    • Currently vacant and available for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    JIAO by Qing ... Dumpling Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -87.626178827829
    Latitude
    41.882731602918

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    FAQs

    What type of property is this?
    Retail property - 5,400 SF Retail Space - East Loop
    Where is this retail property located?
    The property is located at 18 Wabash Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: 5,400 SF retail space at 18 N Wabash Ave, Chicago, IL 60602 (Downtown - Retail submarket).; Street-level location in the East Loop, near Block 37 and Millennium Park, offering high foot traffic and visibility.; Suitable for various uses, including medical, salon, or spa; features 18 private exam rooms and a reception area.
    Request Owner's contact information
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    Chicago, IL 60602
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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
    18 Wabash Ave Chicago, IL 60602
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