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RJ Yozwiak

Broker

  • Cell 312.543.7334
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2635 Wabash Avenue, CHICAGO, IL – $5,490,000

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2635 Wabash Avenue

Great value-add opportunity to own gross 96,000sf four-story industrial building with about 40-car parking lot; situated on 38,096sf land, priced at currently 6% plus Cap rate at only 47% 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, 5 blocks from the future development of previous Michael Reese Hospital site, 3 blocks from the I-55 / I-90 highways.

Essential Information

  • MLS® #10343502
  • Price$5,490,000
  • Square Footage96,000
  • Acres0.87
  • Year Built1910
  • TypeCommercial
  • Sub-TypeIndustrial
  • StatusActive

Community Information

  • Address2635 Wabash Avenue
  • AreaCHI - Douglas
  • CityCHICAGO
  • CountyCook
  • StateIL
  • Zip Code60616

Amenities

  • Parking Spaces40

Interior

  • CoolingCentral Individual
  • Stories4

Heating

Central Heat/Indiv Controls, Forced Air, Gas

Exterior

  • ExteriorBrick
  • ConstructionConcrete, Stone
  • FoundationBlock, Concrete, Stone

Lot Description

Public Transport Avail, TIF Zone

Additional Information

  • Days on Website132
  • ZoningCOMMR
  • Taxes$72,254

Listing Details

  • OfficeRichland Global Inc
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Price Change History for 2635 Wabash Avenue, CHICAGO, IL (MLS® #10343502)

Date Details Price Change
Active
Price Change
Price Reduced (from $5,800,000) $5,490,000 $310,000 (5.34%)
Active (from New)

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than @Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 deemed reliable but not guaranteed.

Listing information last updated on August 24th, 2019 at 5:20pm CDT.