Property profile & analytics
218 Wabash Ave Chicago, IL 60604-2444
- Office buildings
- 109,000 SF
- 0.31 lot acres
OFF-MARKET
Value Estimations
$17,630,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0328149
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
- IA Collaborative / Business To Business Service / Consultant
- Take Aim at Cancer / Medical Clinic
- Pyramid Partnership, Inc. / Employment Agency
- Holy Trinity Church Downtown Congregation / Church
- Chicago Youth Centers / Charitable Organization / Social Service Agency
Property Details for 218 Wabash Ave
- Year built
- 1894
- Lot size
- 0.31 lot acres
- Property size
- 109,000 SF
- Property type
- Office buildings
- APN
- 17-15-104-013
- APU
- 1715104013
Description
This stunning 10-story, 27,814 square foot office building at 218 S Wabash Ave, Chicago, IL 60604, offers 2 available suites ranging from 3,724 to 7,622 square feet. Built in 1899, this Class C building boasts a beautifully updated lobby and large windows providing abundant natural light. The efficient floor plates are ideal for small to mid-sized tenants seeking a blend of historic charm and modern amenities. Located in the vibrant East Loop, the property benefits from proximity to Grant and Millennium Parks, Michigan Avenue, and various public transportation options including the Pedway, CTA, Metra, and nearby parking garages. Its central location also offers easy access to the Thompson Center, Daley Center, City Hall, Prudential Plaza, and federal and county courts. The entire building is currently vacant. The building has one elevator. There is no on-site parking. Cook County property.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $14,680,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $26,060,000 Change: +78% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $18,750,000 Change: +28% Conversion: Easy
- RETAIL STORES
- $15,865,000 Change: +8% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $13,055,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6266
- Latitude
- 41.8789
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$637,449
$942,150
$2,157,042
$3,099,192
-
$3,768,600
$8,628,168
$12,396,768
