1233 S Wabash AVE Chicago, IL 60605

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $211

MLS Listing ID 12407752

Year Built 1910

Annual Tax Amount $23,667

Tax Year 2023

Lot Dimensions PER SURVEY

Property Sub-Type Mixed Use

Property Description

Incredible opportunity to own or redevelop a historic, value-add property at the high-traffic corner of Wabash & Roosevelt in Chicago's vibrant South Loop. Formerly home to the iconic Wabash Tap and Koko Taylor's Blues Club, this three-story building offers approx. Ground floor is a fully built-out, second-generation bar/restaurant space with existing infrastructure, ideal for a new operator or concept. The upper floors are currently configured as apartments and can be converted into additional residential units, creative offices, or short-term rentals. Zoned DX-7, the site allows potential for residential, mixed-use, hospitality, office, or retail development. Located in a Transit-Oriented Development (TOD) area, the property benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves more than 3.8 million riders annually. It is also within walking distance to Grant Park, the Museum Campus, Soldier Field, and surrounded by high-density housing, Columbia College, and major retail including Jewel-Osco and Trader Joe's across the street. The building is ideal for developers or investors seeking a rare infill site with historic character, existing income potential, and major redevelopment upside. Ground floor restaurant space is also available for lease at $30/SF NNN. Don't miss this rare chance to own a piece of South Loop history with future-forward potential.

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

Listed by Sharon Wong • Century 21 Realty Associates

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106