South Loop Office Building
For Sale
Contact for pricing
Pending
1112 S Wabash Ave, Chicago, IL 60605
75,000 SF office building in prime South Loop location.
Property Size75,000 SF
Days on Market2008
Property Features for 1112 S Wabash Ave
General Information
Standard status
Pending
Size
75,000 SF
Property subtype
Office
Listing Agency:
Ascend Real Estate Advisors
(312) 656-1689
Listed By:
John Nekus · License #IN RB14039241
Source:
Crexi
Added: Feb 3, 2021
Changed: Jul 10
Last Checked: Aug 3 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ascend Real Estate Advisors
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
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)
