17 Wabash AveChicago, IL 60603

Property Details for 17 Wabash Ave

Year built

1888

Lot size

0.27 AC

Property size (Sq ft)

66,600 SF

Property type

Office buildings

APN

17-10-312-002

APU

1710312002

Description

This stunning six-story, 66,600 square foot Class B office building at 17 N Wabash Ave, located in Chicago's vibrant East Loop, offers a unique blend of executive and creative office spaces. Built in 1900, the building boasts a rich architectural history and modern amenities. Three spaces are currently available, ranging from 325 to 5,000 square feet, with a minimum divisible space of 610 square feet and a maximum contiguous space of 3,300 square feet. The building features a manned lobby security system for enhanced safety and peace of mind, along with convenient on-site property management and inviting exterior balconies. Enjoy the added convenience of on-site dining options. The building's prime location provides unparalleled access to Chicago's cultural heart, with proximity to Grant and Millennium Parks, Michigan Avenue's bustling retail scene, and a variety of public transportation options. These include the Pedway, CTA buses and trains, Metra service, and numerous public parking garages. Furthermore, the building is within easy walking distance of the Thompson Center, Daley Center, City Hall, Prudential Plaza, and both federal and county courts. This exceptional property offers a rare opportunity to establish a presence in one of Chicago's most desirable and convenient locations. The building is multi-tenant and features elevators. The cross street is Wabash Avenue, and the property is located in Cook County.

• CAP approach

  CAP return

  Valuation

  6%

  $21,403,342

  6.5%

  $19,756,930

  7%

  $18,345,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,674,650

  Geo Method

  $8,674,650

• Alternative Use

  Use

  Valuation

  Residential

  $24,498,594

  Hospitality

  $22,440,580

  Educational

  $18,670,300

  Medical

  $19,312,400

  Retail

  $29,042,688

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8827

Longitude

-87.6257

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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