Listed by Newmark | Chicago - 500 West Monroe St.
Unpriced
171 N Wabash Ave
Details
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 5,550
Tenancy Multi
Lease Type NNN
Stories 7
Retail | 5,550 SqFt
Marketing description
Located on the corner of Wabash Avenue and Benton Place, 171 North Wabash Avenue’s 5,500 SF invite you to create a single or multi-tenant brand house - the kind of retail/restaurant experience the savviest customers crave. Steps from the Washington and Wabash train station, and within walking distance of historic State Street and Millennium Park, it lies on a highly traveled street in the heart of the Loop.
Located on the corner of Wabash Avenue and Benton Place, 171 North Wabash Avenue's 5,500SF invite you to create a single or multi-tenant brand house.
NNN
Investment highlights
- Pedestrian activity on State St increased to 35M YTD 2024, 10% increase over 2023.
- CTA ridership increased by 13% from 2023.
- Citywide Hotel occupancy rates as high as 65%.
- 3.2M Metra passengers in July 2024. A 17% increase from July 2023.
- Office occupancy numbers in Chicago are now at the highest rate outside of Texas peaking around 70% on the highest occupied day of the week, above LA, NYC and SF.
- Google commits to the Loop with $100M redevelopment of Thompson Center for their HQ.
- The Loop’s residential growth rate is more than 3 times as fast as all studied downtowns nationally.
Listing Contacts
Listed by Newmark | Chicago - 500 West Monroe St.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
PD-1116 PlannedPlanned Developments
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 18 uses
View all 18 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
