$2,650,000
$3,950,000
32.9%For more information regarding the value of a property, please contact us for a free consultation.
19,072 SqFt
SOLD DATE : 08/05/2024
Key Details
Sold Price $2,650,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 19,072 sqft
Price per Sqft $138
MLS Listing ID 11225213
Sold Date 08/05/24
Year Built 1930
Annual Tax Amount $23,610
Tax Year 2019
Lot Dimensions 55 BY 170.9
Property Sub-Type Mixed Use
Property Description
The subject property is located at the SEC of Wabash Avenue and 13th Street in Chicago's vibrant South Loop with close proximity to the Loop, Michigan Avenue, and the Museum Campus. This building sits on a lot line of 55' on Wabash and 171' on 13th Street. Current zoning is DX-7, which provides for commercial on the ground floor and residential or office on the upper floor. Currently, there is a vacant 2-story building on the site with a former restaurant infrastructure in place on the first floor and the second floor built out for a residence and a photography studio. Developers will find the potential TOD zoning appealing and a higher density on the site. Restaurants and cannabis tenants will show interest in the location. Easy access to Lake Shore Drive and the Dan Ryan via the Roosevelt Road thoroughfare one block north. The Red, Orange, and Green lines at Roosevelt Road provide access to the downtown, northside, Midway Airport and McCormick Place.
Location
State IL
County Cook
Area Chi - Near South Side
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Rubber
Building
Level or Stories 2
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Bought with Diana Peterson • AW Properties Global/Auction Works
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "