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    1301 Wabash Ave Chicago, IL 60605

    • Commercial real estate
    For Lease
    View listing
    $35 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US28-2501627
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1301 Wabash Ave

    Property type
    Commercial real estate

    Description

    This exceptional 9,036 square foot restaurant space is located at 1301 S Wabash Avenue in Chicago's vibrant South Loop submarket, zip code 60605. The property is a single-tenant building, currently configured as a restaurant and bar, representing a fantastic opportunity for a food and beverage operator. The main floor offers ample space for dining, bar service, and kitchen operations. A key feature is the potential for additional event space on the second floor, offering significant expansion possibilities. The building boasts a highly desirable corner location, ensuring excellent visibility and accessibility for customers. This second-generation restaurant space is ready for immediate occupancy, providing a turnkey solution for a new business or an established brand seeking to expand its footprint. The property's location within the South Loop offers a dynamic and densely populated area with high foot traffic and a diverse customer base. The address is 1301 S Wabash Ave, Chicago, IL. This is a rare opportunity to acquire a well-situated, established restaurant space in a thriving Chicago neighborhood.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625709249559
    Latitude
    41.865771031805

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    Similar Nearby for Lease

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      Retail Space Near Roosevelt Station

      Retail space with black iron, near Trader Joe's and CTA.
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      View Details
    • Contact for pricing

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      Fully built-out restaurant space with patio and deck in South Loop.
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      View Details
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      View Details
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      View Details
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      View Details
    • Contact for pricing
      450,267 SF

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      Retail space in high-end apartment building with outdoor patio.
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      View Details
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    1301 Wabash Ave
    Chicago, IL 60605
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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
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