1132 Wabash AveChicago, IL 60605

Property Details for 1132 Wabash Ave

Year built

1878

Lot size

0.15 AC

Property size (Sq ft)

37,100 SF

Property type

Office buildings

APN

17-15-308-020

APU

1715308020

Description

This exceptional 10,362 square foot office building, located at 1132 S Wabash Ave in Chicago's vibrant South Loop (zip code 60605), offers a unique opportunity for businesses seeking flexible and stylish workspace. The property is currently fully vacant, presenting a blank canvas for a single tenant or multiple occupants. Five individual suites are available, ranging from a minimum of 750 square feet to a maximum contiguous space of 6,112 square feet, catering to diverse business needs and sizes. The building's classification as both Executive and Creative Office space reflects its adaptability and modern appeal, making it suitable for a wide range of industries. Situated in Cook County, Illinois, this property benefits from excellent accessibility and proximity to various amenities. The building's total square footage is 10,362, with all of it currently available for lease. This presents a rare chance to secure a prominent location in a thriving Chicago neighborhood. The flexible suite sizes allow for customization and efficient space planning, ensuring a comfortable and productive work environment. Inquire today to learn more about leasing options and secure your ideal workspace in this prime Chicago location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,922,883

  6.5%

  $11,005,738

  7%

  $10,219,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,832,275

  Geo Method

  $4,832,275

• Alternative Use

  Use

  Valuation

  Residential

  $13,647,115

  Hospitality

  $12,500,684

  Educational

  $10,400,422

  Medical

  $10,758,109

  Retail

  $16,178,435

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8682

Longitude

-87.6263

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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