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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.

Attachments

Survey

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

Price $2,000,000
Price Per SF $133
Sale Type Investment or Owner User
Property Type
Industrial
  • Industrial Distribution
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 0.38 AC
Rentable Building Area 15,000 SF
No. Stories 1
Year Built 1918
Clear Ceiling Height 12 FT
Opportunity Zone Yes
Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 32957471

  • Date on Market: 8/26/2024

  • Last Updated:

  • Address: 2525 S Wabash Ave, Chicago, IL 60616

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