2010-2012 S. Wabash Ave.
Strauss Realty, Ltd. has been exclusively engaged to market for sale 2010–2012 S. Wabash Avenue, a fully-occupied, 20,438 square foot mixed-use property located in Chicago’s South Loop. The asset consists of two retail units totaling 9,581 rentable square feet — including a 4,335 SF street-level storefront and 5,246 SF of functional basement retail — along with six renovated apartment units above. The property also includes an 8-car garage, enhancing convenience and value for tenants. It is being offered at a 6.64% capitalization rate based on in-place net operating income of $212,589, with stabilized cash flow and no current vacancy.
Investor Highlights
- The residential units feature modern finishes such as granite countertops, stainless steel appliances, and in-unit washer/dryers.
- Units 2F, 3F, and 4F were renovated in 2023, while the remaining apartments were updated in 2017.
- The building’s mix of retail and residential uses, coupled with recent capital improvements, positions it as a low-maintenance investment with long-term upside in one of Chicago’s most active development corridors.
With its durable in-place income, high-visibility retail, and continued neighborhood growth, 2010–2012 S. Wabash presents an exceptional opportunity for investors seeking stability and appreciation potential in a core urban submarket.
Contact agents Aaron Strauss, Craig Wolf or Dale Strauss for Financials.
- Sale Price: $3,200,000
- Property Tax: $50,440
- MLS: 12439561
- Building Type: Investment, Mixed Use
- Number of Stories: 4
- Building Square Feet: 20,438
- Zoning: DX-5
Property Details
- Located in the heart of the South Loop
- Strong daytime foot traffic
- Surrounded by key landmarks including Wintrust Arena, McCormick Place, Essex on the Park, and the city’s renowned Museum Campus
- Within a mile of five CTA train lines and several major bus routes
- Less than 10 miles from both O’Hare and Midway Airports