1112 Wabash Ave Chicago, IL 60605
- Office buildings
- 65,500 SF
- 0.15 lot acres
Current Use by Public Records
- Eleven City Diner / American Restaurant / Breakfast Restaurant
- Family Community Resource Center / Social Welfare Center
- Medical Field Operations / Social Services Organization
Property Details for 1112 Wabash Ave
- Year built
- 1908
- Lot size
- 0.15 lot acres
- Property size
- 65,500 SF
- Property type
- Office buildings
- APN
- 17-15-308-014
- APU
- 1715308014
Description
This exceptional 75,000 square foot, Class C office building in Chicago's vibrant South Loop is offered at $13,400,000. The property boasts a strong net operating income (NOI) of $1,196,206, resulting in an 8.93% capitalization rate. Currently 100% occupied with a multi-tenant lease structure under a NNN lease type, this stabilized investment presents a compelling opportunity. Situated on a 13,274 square foot lot, the five-story building is ideally located just half a block north of Roosevelt Road and one block west of Michigan Avenue, providing excellent access to major transportation arteries and amenities. The $178.67 per square foot price reflects the building's strong cash flow potential, making it suitable for investors seeking a stable, high-return asset or those considering a 1031 exchange. The property's prime location and strong occupancy make it an attractive investment for long-term growth and potential redevelopment opportunities. This is a rare opportunity to acquire a fully leased, high-performing asset in a dynamic Chicago neighborhood. The address is 1112 S Wabash Ave, Chicago, IL 60605.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6264
- Latitude
- 41.8688
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
