IL > Chicago
Chicago, IL 60605,1233 S Wabash AVE
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Chicago, IL 60605,1233 S Wabash AVE
Chicago, IL 60605,1233 S Wabash AVE
Chicago, IL 60605,1233 S Wabash AVE
Chicago, IL 60605,1233 S Wabash AVE
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Kimberly Zahand

Kimberly Zahand

Kimberly Zahand Team

+1(630) 215-6063
$ 1,950,000
Est. payment /mo
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Active

1233 S Wabash AVE Chicago, IL 60605

9,975 SqFt

UPDATED:

01/17/2025 08:02 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,975 sqft

Price per Sqft $195

MLS Listing ID 12185504

Year Built 1910

Annual Tax Amount $23,667

Tax Year 2023

Lot Dimensions PER SURVEY

Property Sub-Type Mixed Use

Property Description

This value-add historic bar/restaurant property at the high-traffic Wabash and Roosevelt intersection offers significant potential with air rights and DX-7 zoning. LARGE price correction was made to bring all considerable offers to the table. Located in the vibrant South Loop/Museum Campus area, it's within walking distance to Grant Park, Soldier Field, museums, and Millennium Park's iconic "Bean." The location is easily accessible, with an L stop one block away and grocery stores (Jewel-Osco, Trader Joe's) across the street. Formerly the "Wabash Tap" and Koko Taylor's blues club, the 4,275 SF ground floor features a second-generation bar/restaurant space with substantial infrastructure for a new operator. The upper floors can be converted into apartments or office space. Zoned DX-7, the property allows for up to +/- 30,000 buildable SF, with potential for residential, mixed-use, hotel, office, or retail/restaurant development. Situated in a Transit-Oriented Development (TOD) area, it benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves 3.8 million riders annually. The property is available for sale, with ground floor and upper floors also available for your ideas to begin work on immediately. Contact today before its gone!

Location

State IL

County Cook

Area Chi - Near South Side

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 3

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Wendy Kiang • Baird & Warner
agent

Kimberly Zahand

+1(630) 215-6063

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1233 S Wabash AVE

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