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2525 S Wabash Avenue

Chicago, IL 60616
  • $2,000,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 12143875
UPDATED: 64 min ago
$2,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

Located in the convenient South Loop community near Motor Row District, do not miss the opportunity to purchase this ~15,000 sq ft warehouse space. With immediate access to U.S. Route 41 (Lakeshore Drive) and Interstates 90/94, 290 and 55, and proximity to the loop, this is a perfect location for your business. Zoned as M1-3, this warehouse building features private offices, a conference space, and shared common kitchen and bathroom areas. Tenants are responsible for all utilities except water/trash. 3 offices and ~5000 sqft of warehouse are currently rented, with ~8100 sqft of warehouse and 4 office spaces available to utilize for your business. Three 12' doors for loading are available for loading into the warehouse spaces, accessed by a private driveway and a rear courtyard loading area. Ceiling height through warehouse varies from 12'-14'. Highly efficient commercial wood burning furnace heats the entire building. See floorplan in photos for building layout.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-16T21:00:32.617 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2525 S Wabash Avenue Chicago, IL 60616

  • Price: $2,000,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 64 min ago
  • MLS #: 12143875
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1918
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Located in the convenient South Loop community near Motor Row District, do not miss the opportunity to purchase this ~15,000 sq ft warehouse space. With immediate access to U.S. Route 41 (Lakeshore Drive) and Interstates 90/94, 290 and 55, and proximity to the loop, this is a perfect location for your business. Zoned as M1-3, this warehouse building features private offices, a conference space, and shared common kitchen and bathroom areas. Tenants are responsible for all utilities except water/trash. 3 offices and ~5000 sqft of warehouse are currently rented, with ~8100 sqft of warehouse and 4 office spaces available to utilize for your business. Three 12' doors for loading are available for loading into the warehouse spaces, accessed by a private driveway and a rear courtyard loading area. Ceiling height through warehouse varies from 12'-14'. Highly efficient commercial wood burning furnace heats the entire building. See floorplan in photos for building layout.
Exterior Features

Exterior Building Type Brick Outdoor Parking 6-12 Spaces Roof Structure Flat

Interior Features

Cooling Central Air Flooring ConcreteTileVinyl Heat Ventilation Central Bldg HeatCentral Heat/Indiv Controls Miscellaneous Inside Common Lunchroom/sCommon Meeting Room/sOverhead Door/sPublic Restroom/sStorage Inside Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 15000 Built Before1978 YN Yes Electric Power - 240V Fire Protection Alarm MonitoredAlarm On SiteSprinklers-Wet Geographic Locale Downtown Chicago Gross Income 57289 Gross Scheduled Income 57289 Leasable Area 10222 Location Mixed Use Area Mls Actual Status Active Net Operating Income 14568 Number Of Tenants 1 Operating Expense 42721 Property Offered For Sale or Rent Property Sub Type Distribution WarehouseManufacturing / WarehousingOther Rental Price 20 Tax Annual Amount 41921 Tax Year 2023 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatRepairs Total Monthly Income 4774 Township South Chicago Type Industrial Utilities Electric to SiteGas to SiteWater-CommunityWater to Site Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 312-319-1168.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-16T21:00:32.617 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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