2635 Wabash Avenue, Chicago, 60616

REDUCED 7% REDUCED 7% $5,100,000 - Industrial For Sale

$5,100,000

Beds
Baths
96,000Sqft
.87Acres
1910Built
MLS® #: 10343502
Active

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.

Additional Information: This property is located in the CHI - Douglas neighborhood, IL. This bedrooms industrial property is priced at $53.1/sqft.

Price & Status History

Date Details
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $5,490,000 to $5,100,000
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Show More (2)

Essential Information

MLS® #: 10343502
Price: $5,100,000
Taxes: $127,409
Square Footage: 96,000
Acres: 0.87
Year Built: 1910
Type: Commercial
Sub-Type: Industrial
Status: Active

Community Information

Address: 2635 Wabash Avenue
Area: CHI - Douglas
City: Chicago
County: Cook
State: IL
Zip Code: 60616

Amenities

Parking Spaces: 40

Interior

Heating: Central Heat/Indiv Controls, Forced Air, Gas
Cooling: Central Individual
Stories: 4

Exterior

Exterior: Brick
Lot Description: Public Transport Avail, TIF Zone
Construction: Concrete, Stone
Foundation: Block, Concrete, Stone

Additional Information

Zoning: COMMR

Listing Details

Listing Office: Richland Global Inc

Financials

$/SqFt: $53

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Listing information last updated on June 1st, 2020 at 1:06pm CDT.