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1300 S Wabash
Retail | 7.13% CAP | 15,457 SF
Listing Contacts
SK IPropertiesLicense: CA, GA 411651, CA 0299308, IL 471003367
Active
Asking Price: $3,500,000
Address
1300 S Wabash Ave, Chicago, IL 60605
Show on MapDate Added
May 7, 2024
Days on Market
349 days
Time Since Last Update
97 days
Details
Property TypeRetail
SubtypeStorefront
Lease TypeNNN
TenancyMulti
Number of Tenants5
Square Footage15,457
Net Rentable (sq ft)15,457
Price/Sq Ft$226.43
Cap Rate7.13%
Pro-Forma Cap Rate8.39%
Occupancy84%
NOI$249,469
Pro-Forma NOI$293,533
Year Built1950
Stories2
ZoningDX7
Lot Size (sq ft)18,135
Parking (spaces)25
Rent BumpsYes
INTELLIGENCEMarketing Description
Heart of South Loop in Chicago Downtown. 1 block form EL station. BMO Bank anchored 84% tenants occupied.
Desirable DX-7 zoning. Separate parking lot is attached to this building. NOI is based on actual income not on projected one.
Many upside potential
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,469.00
$20,789.08/mo
Valuation Metrics
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0
DSCR
7.13%
Cap Rate
7.13%
ROI
Property History
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Due Diligence
Listing Contacts
SK IPropertiesLicense: CA, GA 411651, CA 0299308, IL 471003367
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