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    1133 Wabash Ave Chicago, IL 60605

    Sponsored
    For Lease
    $21 SF/Yr

    1,450 sq ft, Wabash Ave gem.

    Lot size:
    1,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,450-square-foot retail and office space is ideally situated on the ground floor of the Cosmopolitan Lofts condominium building in Chicago, Illinois, at 1133 S Wabash Ave, zip code 60605. The property offers a versatile layout suitable for a variety of businesses, boasting both retail and office space options within a single unit. Its prime location provides unparalleled accessibility and visibility. Just one block from the Roosevelt L stop, this space benefits from excellent public transportation access, ensuring convenient commutes for employees and customers alike. Furthermore, its proximity to Grant Park, numerous universities, the Museum Campus, and the Loop provides exceptional exposure to a large and diverse customer base. The space is currently available for lease, and also presents an attractive opportunity for purchase. This location offers a unique blend of urban convenience and vibrant community atmosphere, making it an ideal space for businesses seeking high visibility and accessibility in a thriving Chicago neighborhood. The property's ground-floor location ensures high foot traffic and excellent street-level visibility, enhancing its appeal to potential tenants and customers. This is a rare opportunity to secure a highly desirable commercial space in a prime Chicago location.

    Property Features for 1133 Wabash Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,450 SF

    Unit(s) available at that property

    Space
    1st Floor - C1
    Size
    1,450 SF
    Rate per SF
    $21

    HighLights

    • 1,450‑square‑foot retail/office space on the ground floor of Cosmopolitan Lofts, 1133 S Wabash Ave, Chicago, IL 60605.
    • Excellent location with high foot and vehicular traffic.
    • One block from the Roosevelt L station.
    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?
    Office Property / Space - 1,450 sq ft, Wabash Ave gem.
    Where is this office property / space located?
    The property is located at 1133 Wabash Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 1,450-square-foot retail/office space on the ground floor of Cosmopolitan Lofts, 1133 S Wabash Ave, Chicago, IL 60605.; Excellent location with high foot and vehicular traffic.; One block from the Roosevelt L station.
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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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