1300 Wabash AveChicago, IL 60605

This exceptional retail investment property, located at 1300 S Wabash Ave in Chicago's vibrant South Loop, presents a compelling opportunity. The 15,457 square foot storefront boasts 100% occupancy with a strong NOI of $312,823, yielding a 7.27% cap rate. The asking price is $4,300,000, translating to $278.19 per square foot. Built in 1950, the property sits on an 18,135 square foot lot and benefits from a triple net (NNN) lease structure across multiple tenants. The building is strategically located just one block from an elevated train station, providing excellent accessibility. A significant advantage is the presence of a BMO Bank as an anchor tenant, ensuring consistent revenue streams. The property is zoned DX-7, a highly desirable designation. Furthermore, a dedicated parking lot is conveniently attached to the building, enhancing its appeal to both tenants and customers. This prime location and strong financial performance make this a rare and attractive investment opportunity in the heart of Chicago's bustling South Loop. The property's size, tenant mix, and prime location combine to create a stable and potentially lucrative investment.