IL > Chicago
Chicago, IL 60605,1233 S Wabash Avenue
Chicago, IL 60605,1233 S Wabash Avenue
Chicago, IL 60605,1233 S Wabash Avenue
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Doug Anderson

Doug Anderson

+1(847) 687-3424
$1,950,000
Est. payment /mo
9,975 SqFt
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UPDATED:

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. 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, already apartments can be converted into more apartments or office space. Zoned DX-7, the property allows for up to +/- 30,000 buildable SF, with potential for high-rise residential, mixed-use, hotel, office, or retail/restaurant development. 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. 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 continue work on to rent out, immediately. The time is now!

Location

State IL

County Cook

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Exterior

View Y/N true

Others

Virtual Tour https://tours.vht.com/BWI/T434424064/nobranding

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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Wendy Kiang • Baird & Warner

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Doug Anderson

+1(847) 687-3424

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