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    2635 S Wabash Avenue

    Chicago, IL 60616
    • $5,100,000
    • STATUS: Active
    • ON SITE: 647 days
    • MLS #: 10343502
    UPDATED: 19 min ago
    $5,100,000
    • 0
      BEDS
    • 0.87
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 96,000
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Great value-add opportunity to own gross 95,250sf four-story industrial building with about 40-car parking lot; situated on 38,096sf land, priced at currently 4.5% Cap rate at only 40% occupancy rate, while it is a value-add opportunity for you with potential 12% plus Cap rate if it is fully occupied. The property comes with 1 exterior dock and 4 drive-in doors, located in Bronzeville TIF district, 8 blocks away from the McCormick Place, 5 blocks from the future development of previous Michael Reese Hospital site, 3 blocks from the I-55 / I-90 highways.

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    © 2021 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 2021-01-20T06:57:58.353 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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    2635 S Wabash Avenue Chicago, IL 60616

    • Price: $5,100,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 10343502
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.87
    Acres
    96,000
    SQFT
    $53
    $/SQFT
    1910
    Built
    Neighborhood:
    Chi - Douglas
    County:
    Cook
    Area:
    Chi - Douglas
    Property Description
    Great value-add opportunity to own gross 95,250sf four-story industrial building with about 40-car parking lot; situated on 38,096sf land, priced at currently 4.5% Cap rate at only 40% occupancy rate, while it is a value-add opportunity for you with potential 12% plus Cap rate if it is fully occupied. The property comes with 1 exterior dock and 4 drive-in doors, located in Bronzeville TIF district, 8 blocks away from the McCormick Place, 5 blocks from the future development of previous Michael Reese Hospital site, 3 blocks from the I-55 / I-90 highways.
    Exterior Features

    Construction Materials ConcreteStone Docks Exterior Foundation Details BlockConcrete PerimeterStone Frontage Type City Street Location Public Transport AvailTif Zone Number Of Drive In Doors 4 Number Of TLDocks 1 Parking Total 40

    Interior Features

    Ceiling Hgt Max Ft 12 Ceiling Hgt Max In 8 Ceiling Hgt Min In 7 Cooling Central Individual Electric Circuit BreakersOver 600 Amps3 PhaseHeavy Power 1200+ Amps Fire Protection Alarm On Site Flooring Concrete Heat Ventilation Central Heat/Indiv ControlsForced AirGas Leasable Area 60000 Miscellaneous Inside Elevator/S FreightElevator/S PassengerHeavy Floor LoadMulti-TenantStorage Inside Number Of Freight Elevators 1

    Property Features

    Additional Parcels YN Yes Built Before1978 YN Yes Cap Rate 4.5 Clear Span YN No Current Use CommercialOffice Expense Year 2018 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Chicago South Gross Income 412249 Gross Rentable Area 95250 Gross Scheduled Income 412249 Investment YN Yes Lot Size Dimensions 200' X 190.5' Min Avail Sq Ft Rentable 2000 Net Operating Income Year 2018 Number Of Tenants 12 Operating Expense 179159 Possible Use CommercialIndustrialOffice And ResearchRetailSpecial Use Property Offered For Sale Only Tax Annual Amount 127409 Tax Year 2018 Tenant Pays ElectricityHeatTaxesVaries By Tenant Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Richland Global Inc.


    © 2021 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 2021-01-20T06:57:58.353 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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