2010 S Wabash Avenue
Chicago, IL 60616

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Description

Strauss Realty, Ltd. is pleased to exclusively present 2010-2012 S. Wabash Avenue, a prime 20,438 SF mixed-use property located in the heart of Chicago's dynamic South Loop. This fully-occupied asset includes 6 residential apartments, along with two retail spaces totaling 9,581 RSF (featuring a 4,335 SF street-level storefront and an additional 5,246 SF of usable basement retail). An 8-car garage provides added convenience and tenant appeal. Offered at a 6.64% cap rate based on in-place NOI of $212,589, this stabilized property delivers strong cash flow with zero current vacancy. The renovated residential units include granite countertops, stainless steel appliances, and in-unit laundry. Units 2F, 3F, and 4F were updated in 2023 and the remaining units were renovated in 2017. Recent capital improvements and a balanced unit mix make for a low-maintenance, high-performing asset. Located near Wintrust Arena, McCormick Place, Essex on the Park, and the Museum Campus, the property benefits from exceptional visibility and accessibility. Within a one-mile radius of five CTA train lines and major bus routes - and under 10 miles to both O'Hare and Midway - this South Loop location continues to see strong development and demand. 2010-2012 S. Wabash Avenue offers investors a rare opportunity to acquire a fully-leased, income-producing asset in a premier urban corridor with long-term growth potential.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60616
• Year Built: 2002
• Sq.Ft.: 20,438 sq ft
• Stories: 4
• Units: 8 units
• Zoning: COMMR
• # Of Apts: 6
• # Of Stores: 2
• Approximate Age: 7-15 Years
• Building Area Total: 20438
• Construction Materials: Brick
• Cooling: Central Air
• Directions: 18th Street to Wabash, South to address
• Electric Expense: 999
• Foundation Details: Concrete Perimeter
• Fuel Expense: 999
• Geographic Locale: Downtown Chicago
• Gross Income: 999
• Gross Rent Multiplier: 999
• Gross Scheduled Income: 999
• Heat/Ventilation: Gas
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 999
• Location: Central Business District, Public Transport Avail
• Lot Size Square Feet: 4250
• Main Type: Commercial Sale
• Misc Outside: Balcony/ies
• Other Expense: 999
• Property Sub Type: Mixed Use
• Tax Annual Amount: 50440
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 999
• Township: South Chicago
• Trash Expense: 999
• Water Sewer Expense: 999