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    OFF-MARKET
    Retail properties & Spaces

    850 Wabash Ave, Chicago, IL 60605

    43,099 SF 0.96 ac lot Built 1986
    Property ID
    Property summary
    AI-generated overview

    This exceptional four-story, 43,099 square foot office building, located in Chicago's desirable South Loop submarket, presents a unique investment opportunity. Built in 1986 and extensively renovated in 2006, the property boasts a striking renovated lobby and common areas, updated elevators, and modern mechanical systems. The building features impressive 11-foot ceiling heights, creating a spacious and inviting atmosphere. Currently configured for multiple tenants, there are two available spaces ranging from 2,771 to 14,300 square feet, offering flexibility for various business needs. The property sits on a 0.96-acre lot and is zoned DX-12-Downtown Mixed-Use, allowing for diverse potential uses. Its prime location in the South Loop offers unparalleled convenience, steps from Grant Park, numerous residential high-rises, educational institutions, and student housing. Easy access to Lake Shore Drive and the Red, Orange, and Green Line trains at Roosevelt station ensures excellent transportation links. This Class C building represents a compelling investment opportunity in a thriving and dynamic urban setting. The Cook County property (APN: 17-15-304-042-0000) offers a blend of historical charm and modern functionality, making it an ideal choice for discerning investors seeking a well-maintained and strategically located asset.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1986
    Total area 43,099 SF
    Lot 0.96 ac (41,818 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Carmen Graves Dental Office
    • Revive Hair Chicago Medical Clinic
    • Lena Casimir. DDS Dental Office
    • Carmen Villasante Graves Dental Office
    • Abdulkader Ghadiali Dental Office
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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