1133 Wabash AveChicago, IL 60605

Property Details for 1133 Wabash Ave

Year built

1888

Lot size

0.06 AC

Property type

Office properties

Property subtype

Other office properties

APN

17-15-309-033-1002

APU

17153090331002

Description

This exceptional 1,450-square-foot retail and office space is ideally situated on the ground floor of the Cosmopolitan Lofts condominium building in Chicago, Illinois, at 1133 S Wabash Ave, zip code 60605. The property offers a versatile layout suitable for a variety of businesses, boasting both retail and office space options within a single unit. Its prime location provides unparalleled accessibility and visibility. Just one block from the Roosevelt L stop, this space benefits from excellent public transportation access, ensuring convenient commutes for employees and customers alike. Furthermore, its proximity to Grant Park, numerous universities, the Museum Campus, and the Loop provides exceptional exposure to a large and diverse customer base. The space is currently available for lease, and also presents an attractive opportunity for purchase. This location offers a unique blend of urban convenience and vibrant community atmosphere, making it an ideal space for businesses seeking high visibility and accessibility in a thriving Chicago neighborhood. The property's ground-floor location ensures high foot traffic and excellent street-level visibility, enhancing its appeal to potential tenants and customers. This is a rare opportunity to secure a highly desirable commercial space in a prime Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $808,249

  6.5%

  $746,076

  7%

  $692,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $327,579

  Geo Method

  $327,579

• Alternative Use

  Use

  Valuation

  Residential

  $925,135

  Hospitality

  $847,418

  Educational

  $705,042

  Medical

  $729,290

  Retail

  $1,096,732

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8684

Longitude

-87.6254

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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