Home > Illinois > Chicago > South Loop Restaurant/Re-development Opportunity

1233 S Wabash Ave, Chicago, IL 60605

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1909

1233 S Wabash Ave is aretail property located in Chicago, IL. The property currently has 1 retail space for lease and is marketed by .

The South Loop is one of the fastest-growing neighborhoods in Chicago and in recent years there has been significant development in the area. The South Loop is located south of Chicago’s loop and is close to a number of City attractions including Soldier Field, Grant Park, McCormick Place, Columbia College, The Art Institute of Chicago, Adler Planetarium, Field Museum, and Shedd Aquarium. The South Loop has great access to transportation with the CTA’s Blue, Red, Green, and Orange Lines, many CTA bus routes, the Dan Ryan (I-90/94), Stevenson Expressway (I-55), and Lake Shore Drive (Route 41).

Available Spaces

Suite	Space Type	Pricing	Size
---	Retail Space	For lease: Negotiable
Over $500k price reduction!!! Incredible opportunity to acquire a historic bar/restaurant building with substantial air rights in the middle of Chicago's vibrant South Loop/Roosevelt Road corridor. Located at the high-profile Wabash & Roosevelt intersection, this approx. 9,975 SF building was the long time home of the Wabash Tap, and previously was Koko Taylor's blues club. The 4,275 SF ground floor is a 2nd generation bar/restaurant with substantial infrastructure and equipment for a new operator. The upper two floors could be re-positioned as either apartments or office space. DX-7 zoning allows for a complete re-development of up to +/- 30,000 buildable SF and is located in a Transit-Oriented Development (TOD) area allowing for reduced/limited parking. The site has potential for residential, mixed-use, hotel/hospitality, office, or retail/restaurant development. One of the busiest locations in Chicago, the property is one block from the Roosevelt CTA station, which boasts over 3.8 million riders annually. Offered for sale now at $1,875,000. The ground floor restaurant space is also available for lease at $35/sf NNN. « show less Over $500k price reduction!!! Incredible opportunity to acquire a historic bar/restaurant building with substantial air rights in the middle... show more » View Details Over $500k price reduction!!! Incredible opportunity to acquire a historic bar/restaurant building with substantial air rights in the middle of Chicago's vibrant South Loop/Roosevelt Road corridor. Located at the high-profile Wabash & Roosevelt intersection, this approx. 9,975 SF building was the long time home of the Wabash Tap, and previously was Koko Taylor's blues club. The 4,275 SF ground floor is a 2nd generation bar/restaurant with substantial infrastructure and equipment for a new operator. The upper two floors could be re-positioned as either apartments or office space. DX-7 zoning allows for a complete re-development of up to +/- 30,000 buildable SF and is located in a Transit-Oriented Development (TOD) area allowing for reduced/limited parking. The site has potential for residential, mixed-use, hotel/hospitality, office, or retail/restaurant development. One of the busiest locations in Chicago, the property is one block from the Roosevelt CTA station, which boasts over 3.8 million riders annually. Offered for sale now at $1,875,000. The ground floor restaurant space is also available for lease at $35/sf NNN. Pricing: Negotiable Availability: Now Listing ID: 3165688 Save to list

Retail Space

For lease: Negotiable

Over $500k price reduction!!! Incredible opportunity to acquire a historic bar/restaurant building with substantial air rights in the middle... show more »

View Details

Request Property Information

Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.

Rofo has the most comprehensive commercial real estate listings in your area. Search for office spaces, retail spaces, and industrial spaces. We compile all the information you need to find the office spaces that match your business needs and provide quick access to the office brokers. Use our friendly user-interface and detailed listings to search your area for small business office spaces for rent and for lease.

1233 S Wabash Ave, Chicago, IL 60605

Building Details:

Request Property Information

Property Address

Property Details

Thank your for submitting details about this property