$106.52 Per Sq Foot $22,815 est/mo Sourced by Back At You

2241 S Wabash Avenue,Chicago, IL 60616

Chicago IL, 60616

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Description

Just south of the South Loop of Chicago, this exceptional mixed-use commercial property in the Motor Row neighborhood of Chicago. This building's striking exterior design and its timeless architecture make it standout among other commercial properties in the area. The spacious three-level layout with soaring timber ceiling heights of 16' on the 2nd and 3rd floors with exposed brick, and 17' for the garage with a drive in door, complete with a full basement, totaling an impressive 39,900 square feet, with just about 10,000 SF per floor, 400 AMP electrical service per floor and a freight elevator. Situated in a TIF district and an opportunity zone, presents a unique chance for investors seeking tax incentives, capital improvements and long-term growth potential. The 3rd floor provides the perfect canvas for creating versatile and functional workspaces, complete with 1 office, a conference room with a skylight, a kitchenette and 2 dedicated restrooms. The 2nd floor has an impeccably designed interior that exudes professionalism and modernity with enclosed glass offices, 1-2 large conference rooms, 7-8 private offices, center open floorplan, reception area, media/conference room adjacent to the open office, IT room, storage room, 2 large dedicated restrooms, the kitchen is a dream. The main level consists of front retail/offices, garage in the rear of the building with 17-19 surface spaces, a drive in door, warehouse area, and a full locker room area, and the full basement offers full ceiling height space for storage, equipment, or expansion, allowing your business to grow and adapt as needed. This office building offers an incredible opportunity to be near McCormick Place, major transportation routes are easily accessible, ensuring effortless commuting for employees and clients via McCormick Place Green Line Station, bus routes, Interstates 55, 90, and Route 41-Lake Shore Drive. Surrounding this property, you'll find an array of amenities that cater to the needs of your business and employees. From a variety of dining options to retail shops and entertainment venues, the vibrant city of Chicago, offering a wealth of cultural experiences, world-class dining, and an energetic arts scene.

Details

MLS#11919778
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1915
Days On Site207
Listing Provided ByCentury 21 S.G.R., Inc. | Myra Nimchaiyong

Features

SQ Feet39,900
Story(s)3
Units3
ZoningCOMMR

Market Activity 60616

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Listings Checked: 1 minute ago
StateIL
CountyCook
CityChicago
Zip Code60616
AreaCHI Near South Side
Listing VS Median (in 60616)
Price:
$4,250,000
low | high
Med:
$349,900
100% of Average
SqFt:
39,900
low | high
Med:
1,050
100% of Average
$ / SqFt:
$107
low | high
Med:
$333
100% of Average
On Site:
207
low | high
Med:
114
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 3:37:58 AM PDT