2525 S Wabash Ave
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2525 S Wabash Ave
15,000 SF 33% Leased Industrial Building Chicago, IL 60616 $2,000,000 ($133/SF)
Executive Summary
Located in the convenient South Loop community near Motor Row District, do not miss the opportunity to purchase this ~15,000 sq ft warehouse space. With immediate access to U.S. Route 41 (Lakeshore Drive) and Interstates 90/94, 290 and 55, and proximity to the loop, this is a perfect location for your business. Zoned as M1-3, this warehouse building features private offices, a conference space, and shared common kitchen and bathroom areas. Tenants are responsible for all utilities except water/trash. Currently, 3 offices and ~5000 sqft of warehouse are rented through 2037, with ~8100 sqft of warehouse and 4 office spaces available to utilize for your business (available to lease at $20/Sf/Y). Three 12' doors for loading are available for loading into the warehouse spaces, accessed by a private driveway and a rear courtyard loading area. Ceiling height through warehouse varies from 12'-14'. Multiple potential uses for this space include storage for furniture / carpet, contractor supplies and office space, auto storage, mechanic / auto body repair work. Highly efficient commercial wood burning furnace heats the entire building. See floorplan in photos for building layout.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
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Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
Parcel Number | 17-27-123-010-0000 | Total Assessment | $355,500 (2024) |
Land Assessment | $64,680 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $290,820 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17-27-123-010-0000
Land Assessment
$64,680 (2024)
Improvements Assessment
$290,820 (2024)
Total Assessment
$355,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
Zoning Code | M1-3, Chicago (Light Industrial, manufacturing, warehouses, and wholesalers) |
M1-3, Chicago (Light Industrial, manufacturing, warehouses, and wholesalers) |
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2525 S Wabash Ave
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