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    1112 Wabash Ave Chicago, IL 60605

    Sponsored
    For Sale
    $13,400,000

    Prime Chicago location, high NOI, 100% occupied.

    Property size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 75,000 square foot, Class C office building in Chicago's vibrant South Loop is offered at $13,400,000. The property boasts a strong net operating income (NOI) of $1,196,206, resulting in an 8.93% capitalization rate. Currently 100% occupied with a multi-tenant lease structure under a NNN lease type, this stabilized investment presents a compelling opportunity. Situated on a 13,274 square foot lot, the five-story building is ideally located just half a block north of Roosevelt Road and one block west of Michigan Avenue, providing excellent access to major transportation arteries and amenities. The $178.67 per square foot price reflects the building's strong cash flow potential, making it suitable for investors seeking a stable, high-return asset or those considering a 1031 exchange. The property's prime location and strong occupancy make it an attractive investment for long-term growth and potential redevelopment opportunities. This is a rare opportunity to acquire a fully leased, high-performing asset in a dynamic Chicago neighborhood. The address is 1112 S Wabash Ave, Chicago, IL 60605.

    Property Features for 1112 Wabash Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    75,000 SF
    Class
    C

    Building Details

    Stories
    5

    HighLights

    • Prime South Loop location, Class C office building.
    • 75,000 square foot, fully leased office building.
    • $1,196,206 Net Operating Income (NOI).
    • 8.93% capitalization rate.
    • Located one‑half block north of Roosevelt Road and one block west of Michigan Avenue.
    • Excellent cash flow, ideal for 1031 exchange or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eleven City Diner Diner Family Community Resource ... Social Welfare Center Medical Field Operations Social Services Organization

    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
    -87.6263122
    Latitude
    41.8687217

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Chicago location, high NOI, 100% occupied.
    Where is this office property / space located?
    The property is located at 1112 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: Prime South Loop location, Class C office building.; 75,000 square foot, fully leased office building.; $1,196,206 Net Operating Income (NOI).
    Request Owner's contact information
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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
    1112 Wabash Ave Chicago, IL 60605
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