2241 South Wabash Avenue

2241 South Wabash Avenue

Chicago, IL 60616

$4,250,000
Price
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a workspace with furniture and wooden floor
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a view of a dining room with furniture and wooden floor
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a spacious bathroom with a granite countertop double vanity and a mirror
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a living room with furniture and a large window
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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,...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.
  1. Listed by Myra Nimchaiyong • Century 21 S.G.R., Inc.

Property Details for 2241 South Wabash Avenue

Area
CHI - Near South Side
Township
South Chicago
Num Of Parking Spaces
19.0
Zoning
COMMR

Location

Listing Courtesy of Century 21 S.G.R., Inc.
Add your commute
LISTING UPDATED: 11/06/2023 12:07 AM

Property Details for 2241 South Wabash Avenue

StatusActive
MLS #11919778
Days on Market348
Taxes$236,726 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1915
Lot Size0.26 AC / 11,520 SF
CountyCook County

Location

Listing Courtesy of Century 21 S.G.R., Inc.
Add your commute

Building Information for 2241 South Wabash Avenue

Stories-Residences3Year Built1915Lot Size0.26 AC / 11,520 SF

Payment Calculator

$42,921 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$19,727

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2241 South Wabash Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 13-18 Spaces,19-30 Spaces
  • Outdoor Parking: Parking-Street
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Estimated Tax/Sf: 2
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 201 to 600 Amps
  • Flooring: Carpet, Concrete, Wood
  • Heat/Ventilation: Central Bldg Heat,None
  • Misc Inside: Computer Floor,Employee Kitchen,Elevator/s Passenger,Multi-Tenant,Overhead Door/s,Private Restroom/s,Public Restroom/s,Skylight/s,Storage Inside,Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 60 X 192
  • Lot Size Square Feet: 11520.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Sprinklers-Wet
  • Roof Structure: Flat,Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 39900
  • # Of Offices: 13
  • Office SqFt: 20000
  • Other SqFt: 9000
  • Retail SqFt: 1000
  • # Of Stores: 2
  • Warehouse SqFt: 9000
Property and Assessments
  • Possible Use: Commercial, Office and Research, Retail
  • Public Document Count: 1
  • Document Date: 2023-10-30T17:58:23
  • Photos Count: 91
  • Estimated Cam/Sf: 1
Miscellaneous
  • Current Use: Commercial, Office
  • Location: Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $2,400.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $8,000.00
  • Known Encumbrances: None Known
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 0
  • Water Expense Source: Broker Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $1,140.00
  • Water Sewer Expense: $600.00

Property History for 2241 South Wabash Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2241 South Wabash Avenue

Taxable ValueLand$115,200Additions$969,355Total$1,084,555
Tax Record2022$223,771 ($18,648 / month)
Home Facts
Total Finished SqFt26,500 SqFtAbove Grade Finished SqFt26,500 SqFtStories3Lot Size11,520 SqFtStyleStoresYear Built1898CountyCOOKAPN17-27-101-021

Schools near 2241 South Wabash Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
National Teachers Elementary Academy
Public - PK to 8
Phillips Academy High School
Public - 9 to 12
Graham R Training Center
Public - 11 to 12
Perspectives Chtr - Joslin Campus
Charter - 6 to 12
Rating
School
Distance
National Teachers Elementary Academy
PublicPK to 8

Phillips Academy High School
Public9 to 12

Graham R Training Center
Public11 to 12

Perspectives Chtr - Joslin Campus
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2241 South Wabash Avenue, Chicago, IL 60616

2241 South Wabash Avenue is a mixed use property for sale in Chicago, IL 60616. This property was listed for sale on October 30, 2023 by Century 21 S.G.R., Inc., it's currently listed at $4,250,000. It has been on the market for a total of 348 days and was last sold on May 1, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include National Teachers Elementary Academy, Phillips Academy High School and Graham R Training Center. 2241 South Wabash Avenue is a 0-bed, 0-bath, mixed use property built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 S.G.R., Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.