2010 Wabash AveChicago, IL 60616

This exceptional mixed-use property, located at 2010 S Wabash Ave in Chicago's vibrant South Loop, presents a compelling investment opportunity. The 28,674 square foot building boasts 8 units, offering a blend of apartment and storefront space, currently operating at 100% occupancy. A 2018 renovation has positioned this Class B building at the upper end of the submarket. The 21,707 square feet of net rentable space commands a price per square foot of $108.11, resulting in a strong current cap rate of 8.80% and a pro-forma cap rate of 9.06%. The property generates a substantial pro-forma NOI of $280,759. The four-story building sits on an 8,500 square foot lot and offers a price per unit of $387,500. The storefront, approximately 4,350 square feet, features an open interior, high ceilings (11-12 feet), floor-to-ceiling windows, and indoor parking. A newly leased basement is undergoing a build-out. The property benefits from its prime location, with excellent visibility and exposure to over 20,850 vehicles daily. Its proximity to McCormick Place, Wintrust Arena, the new Marriott Marquis Hotel, and the CTA's "L" station (Red, Orange, and Green Lines) ensures high traffic and visibility. Furthermore, its location near Interstate 55, Lake Shore Drive, and the rapidly developing South Loop, including a $390 million expansion project creating McCormick Square, promises continued growth and appreciation. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a dynamic Chicago market. The area's density, with over 150,000 households within a 3-mile radius, further underscores the property's investment potential.