For Lease
$18/SF/YR

2241 Wabash Ave Chicago, IL 60616

Exceptional 39,900 SF Mixed-Use Property

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This stunning three-story, 39,900 square foot mixed-use commercial building, located at 2241 S Wabash Ave in Chicago's Motor Row neighborhood, presents a unique investment opportunity. Built in 1915, the property boasts striking exterior design and timeless architecture. The spacious layout features soaring 16-foot timber ceilings on the second and third floors with exposed brick, and a 17-foot ceiling in the rear garage with a drive-in door. Each floor offers approximately 10,000 square feet of usable space, with 400 amp electrical service per floor and a freight elevator. A full basement provides additional storage or expansion potential. The building is zoned DS-3 Commercial and sits within a Tax Increment Financing (TIF) district and Opportunity Zone, offering significant tax incentives and long-term growth potential. The third floor includes an office, skylight-lit conference room, kitchenette, and two restrooms. The second floor features enclosed glass offices, one to two large conference rooms, seven to eight private offices, a center open floor plan, reception area, media/conference room, IT room, storage room, and two large restrooms, plus a well-equipped kitchen. The main level comprises front retail/office space, a rear garage with 17-19 surface parking spaces and a drive-in door, warehouse area, and a full locker room. Conveniently located near McCormick Place, the property offers easy access to major transportation routes including the McCormick Place Green Line station, bus routes, and Interstates 55, 90, and Route 41 (Lake Shore Drive). The surrounding area provides a variety of dining, retail, and entertainment options. The lot size is 11,520 square feet. The property is currently vacant.

Highlights

  • Ample indoor parking: 13-18 spaces available.
  • Expansive indoor parking: 19-30 spaces available.

Property Details for 2241 Wabash Ave

Property type
Office properties, Mixed-use properties
RSF (Rentable sq. ft)
39,900 SF
Year Built
1915
Stories
3

Unit(s) available at that property

Space
Available Space
Size
39,900 SF
Rate per SF
$18

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8516494
Longitude
-87.6250414

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FAQs

What type of property is this?
Office property - Exceptional 39,900 SF Mixed-Use Property
Where is the office property located?
The property is located at 2241 Wabash Ave Chicago, IL.
What is the lease rate?
The lease rate is $18/SF/YR.
What are key features of this property?
This property features: Ample indoor parking: 13-18 spaces available.; Expansive indoor parking: 19-30 spaces available.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Property Records

Contacts

Myra Nimchaiyong
Myra Nimchaiyong
Visit Broker Website

Learn more

Useful Information

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Wabash Ave
Chicago, IL 60616

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Wabash Ave
Chicago, IL 60616

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2241 Wabash Ave
  • Myra Nimchaiyong
    Myra Nimchaiyong
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