Property for Sale: 1233 S Wabash, Chicago, IL 60605

$1,950,000
$1,950,000
1233 S Wabash, Chicago, IL 60605
$1,950,000
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Price:
$1,950,000
$650,000 - 11/26/2024

Type Commercial
Year Built 1910

City Chicago
County Cook

MLS 12185504
Status Active
This value-add historic bar/restaurant property at the high-traffic Wabash and Roosevelt intersection offers significant potential with air rights and DX-7 zoning. LARGE price correction was made to bring all considerable offers to the table. Located in the vibrant South Loop/Museum Campus area, it's within walking distance to Grant Park, Soldier Field, museums, and Millennium Park's iconic "Bean." The location is easily accessible, with an L stop one block away and grocery stores (Jewel-Osco, Trader Joe's) across the street. Formerly the "Wabash Tap" and Koko Taylor's blues club, the 4,275 SF ground floor features a second-generation bar/restaurant space with substantial infrastructure for a new operator. The upper floors can be converted into apartments or office space. Zoned DX-7, the property allows for up to +/- 30,000 buildable SF, with potential for residential, mixed-use, hotel, office, or retail/restaurant development. Situated in a Transit-Oriented Development (TOD) area, it benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves 3.8 million riders annually. The property is available for sale, with ground floor and upper floors also available for your ideas to begin work on immediately. Contact today before its gone!

Virtual Tours for 1233 Wabash Chicago, IL

Lot & Building Features

Cooling Central Individual
Tax Year 2023
Lot Dimensions PER SURVEY

Price History of 1233 Wabash, Chicago, IL

Date Name Price Difference
11/26/2024 Price Adjustment $1,950,000 25.00%
12/31/1969 Listing Price $2,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Peggie Grossman
Direct: 773-273-0050
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Baird & Warner, Wendy Kiang & Kyle Capone
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1233 Wabash (MLS #12185504) is a commercial listing located in Chicago, IL. This property was listed on 10/12/2024 and has been priced for sale at $1,950,000.

Nearby zip codes are 60604, 60607, 60608, 60616 and 60618.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Baird & Warner