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828 Wabash Ave Chicago, IL 60605

OFF-MARKET Retail properties & Spaces Google Maps
40,000 SF Built 1893
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 17,179 square foot office space, located at 828 South Wabash Avenue in Chicago's vibrant South Loop, presents a unique redevelopment opportunity. Situated within the Burnham Park Plaza development, this second-floor space in a two-story building offers flexibility for either a single large tenant or multiple smaller users. The property, built in 1893 and renovated the same year, boasts a total building size of 40,000 square feet and is ideally suited for medical or traditional office tenants. Build-to-suit options are available, along with the possibility of prominent exterior building signage. The South Loop location offers unparalleled convenience, with easy access to the Loop, abundant residential and retail options, and excellent public transportation via the Red, Orange, and Green Line trains, numerous bus routes, and proximity to Lake Shore Drive. This Cook County property (zip code 60605) provides a blend of historical charm and modern accessibility, making it an attractive option for businesses seeking a prestigious and well-connected address. The property is classified as an Executive Office and Retail space with multiple tenancies.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1893
Total area 40,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Atm
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Atm
  • Training Center

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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