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    1132 Wabash Ave Chicago, IL 60605

    For Lease
    $25 SF/Yr

    Executive & Creative Suites Available Now

    Lot size:
    10,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,362 square foot office building, located at 1132 S Wabash Ave in Chicago's vibrant South Loop (zip code 60605), offers a unique opportunity for businesses seeking flexible and stylish workspace. The property is currently fully vacant, presenting a blank canvas for a single tenant or multiple occupants. Five individual suites are available, ranging from a minimum of 750 square feet to a maximum contiguous space of 6,112 square feet, catering to diverse business needs and sizes. The building's classification as both Executive and Creative Office space reflects its adaptability and modern appeal, making it suitable for a wide range of industries. Situated in Cook County, Illinois, this property benefits from excellent accessibility and proximity to various amenities. The building's total square footage is 10,362, with all of it currently available for lease. This presents a rare chance to secure a prominent location in a thriving Chicago neighborhood. The flexible suite sizes allow for customization and efficient space planning, ensuring a comfortable and productive work environment. Inquire today to learn more about leasing options and secure your ideal workspace in this prime Chicago location.

    Property Features for 1132 Wabash Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,362 SF
    Total Rate
    21587.5

    Unit(s) available at that property

    Space
    Suite 210
    Size
    1,000 SF
    Space
    Suite 301
    Size
    750 SF
    Space
    Suite 306
    Size
    1,500 SF
    Space
    Suite 500
    Size
    6,112 SF
    Rate per SF
    $30
    Space
    Suite 607
    Size
    1,000 SF

    HighLights

    • 10,362 SF fully vacant office building at 1132 S Wabash Ave, Chicago's South Loop (60605).
    • Five suites available, ranging from 750 SF to 6,112 SF contiguous.
    • Features timber construction, exposed brick, abundant natural light, hardwood floors, and high ceilings.
    • Contemporary design with common area lounges, conference rooms, and a rooftop deck.
    • Offers a variety of creative office spaces.
    • Gross lease; taxes and utilities included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATW Health Solutions Health Consultant Edward Jones - Financial ... Financial Consultant Lowcountry South Loop Seafood Restaurant 1132 Wabash Real Estate Developer TAK Korean Bistro ... Karaoke Bar

    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
    -87.6263313
    Latitude
    41.8681984

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    FAQs

    What type of property is this?
    Office space - Executive & Creative Suites Available Now
    Where is this office space located?
    The property is located at 1132 Wabash Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $0.00-$30 SF/Yr.
    What are key features of this property?
    This property features: 10,362 SF fully vacant office building at 1132 S Wabash Ave, Chicago's South Loop (60605).; Five suites available, ranging from 750 SF to 6,112 SF contiguous.; Features timber construction, exposed brick, abundant natural light, hardwood floors, and high ceilings.
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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
    1132 Wabash Ave Chicago, IL 60605
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