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1112 Wabash Ave Chicago, IL 60605

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For Sale
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Prime Chicago location, high NOI, 100% occupied.

Property size:
75,000 SF

Property Features for 1112 Wabash Ave

General Information

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

Building Details

Stories
5

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Listing Contact
John Nekus
John Nekus

Listing Agency: Ascend Real Estate Advisors - Nekus Listing Agent: John Nekus

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Eleven City Diner Restaurant Family Community Resource ... Social Service Agency Medical Field Operations Social Service Agency

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
-87.6263122
Latitude
41.8687217

FAQs

What type of property is this?
Office property - Prime Chicago location, high NOI, 100% occupied.
Where is this office property 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).
(312) 656-1689 Call to check price and availability
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