444 Wabash AveChicago, IL 60611

Property Details for 444 Wabash Ave

Year built

1937

Lot size

0.23 AC

Property size (Sq ft)

57,400 SF

Property type

Office buildings

APN

17-10-127-004

APU

1710127004

Description

This exceptional five-story office building at 444 N Wabash, located in the desirable River North submarket, offers 5,000 square feet of immediately available space within a larger 65,800 square foot building. Built in 1935 and renovated in 1984, this Class B property boasts an architecturally unique design and a superb location just steps from Michigan Avenue. The space features central heat and air conditioning, operable windows, built-out space with glass-walled offices, and on-site storage. Two elevators—one passenger and one freight—service the building. Convenient access to public transportation, a dedicated mail service, and proximity to the best restaurants and shopping in River North and along North Michigan Avenue add to its appeal. Enjoy stunning north and east-facing views. The building also offers easy delivery access via a service entrance and is adjacent to monthly parking options. This versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office setups. Multiple tenants are accommodated within the building. The contiguous space available is 5,000 square feet. Experience the perfect blend of historic charm and modern convenience.

• CAP approach

  CAP return

  Valuation

  6%

  $18,446,724

  6.5%

  $17,027,746

  7%

  $15,811,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,476,350

  Geo Method

  $7,476,350

• Alternative Use

  Use

  Valuation

  Residential

  $21,114,404

  Hospitality

  $19,340,680

  Educational

  $16,091,219

  Medical

  $16,644,621

  Retail

  $25,030,786

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8907

Longitude

-87.627

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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