1233 S Wabash Avenue
Chicago, IL, 60605
$1,900,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,900,000
1233 S Wabash Avenue
Chicago, IL, 60605
MLS #MRD12407752 image #0
Incredible opportunity to own or redevelop a historic, value-add property at the high-traffic corner of Wabash & Roosevelt in Chicago’s vibrant South Loop. Formerly home to the iconic Wabash Tap and Koko Taylor’s Blues Club, this three-story building offers approx. Ground floor is a fully built-out, second-generation bar/restaurant space with existing infrastructure, ideal for a new operator or concept. The upper floors are currently configured as apartments and can be converted into additional residential units, creative offices, or short-term rentals. Zoned DX-7, the site allows potential for residential, mixed-use, hospitality, office, or retail development. Located in a Transit-Oriented Development (TOD) area, the property benefits from reduced parking requirements and is just one block from the Roosevelt CTA station, which serves more than 3.8 million riders annually. It is also within walking distance to Grant Park, the Museum Campus, Soldier Field, and surrounded by high-density housing, Columbia College, and major retail including Jewel-Osco and Trader Joe’s across the street. The building is ideal for developers or investors seeking a rare infill site with historic character, existing income potential, and major redevelopment upside. Ground floor restaurant space is also available for lease at $30/SF NNN. Don’t miss this rare chance to own a piece of South Loop history with future-forward potential.

Property Details

Price:
$1,900,000
MLS #:
MRD12407752
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Near South Side
Listed Date:
Jun 30, 2025
Total Sq Ft:
9,000
Year Built:
1910
Chi – Near South SideChi – Near South Side

Schools

Interior

Cooling
Central Individual

Exterior

Financial

Tax Year
2023
Taxes
$23,667
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 15, 2025
1,090
Commercial Listed
165
Avg DOM
155
Avg $ / SqFt
$1,025,511
Avg List Price

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Property Summary

    1233 S Wabash Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60605. It is listed for $1,900,000 To schedule a showing of MLS#mrd12407752 at 1233 S Wabash Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1233 S Wabash Avenue
Chicago, IL