2635 Wabash Avenue, Chicago

$5,100,000

0 Beds
0 Baths
96,000 Sqft
.87 Acres
0 Garages

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 6.8% 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$5,100,000
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

Forced Air, Gas, Central Heat/Indiv Controls

Exterior
ExteriorBrick
ConstructionConcrete, Stone
FoundationConcrete, Block, Stone
Lot Description

Public Transport Avail, TIF Zone

Additional Information
ZoningCOMMR
Listing Details
OfficeRichland Global Inc
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $5,490,000 to $5,100,000
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $5,800,000 to $5,490,000
Status Changed from New to Active
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Listing information last updated on November 15th, 2019 at 4:20am CST.