1112 S Wabash Ave, Chicago, IL 60605

Listing agent John Nekus License #475156226

Listing office Ascend Real Estate Advisors

Listing date Feb 3, 2021

Source Crexi

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Overview

This is a 75,000 square foot Class C commercial office building located in the South Loop. The property is fully leased and offers an NOI of $1,196,206 with a 6.65% cap rate. It is situated a half block north of Roosevelt Road and one block west of Michigan Avenue. This property is suitable for investment, a 1031 exchange, or redevelopment. The location is in the vibrant South Loop corridor, making it an ideal cash flow asset.

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6263557

Latitude

41.8687942

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FAQs

What type of property is this?

Office building - 75,000 SF office building in prime South Loop location.

Where is this office building located?

The property is located at 1112 S Wabash Ave Chicago, IL.

What is the asking price?

The asking price for this property is $13,400,000.

What are key features of this property?

This property features: Fully Leased 75,000 SF Class C Office Building; Prime South Loop Location near Roosevelt Rd & Michigan Ave; $1,196,206 Net Operating Income (NOI)