2010 S Wabash Avenue
Strauss Realty, Ltd. is pleased to exclusively present 2010-2012 S. Wabash Avenue, a prime 20,438 SF mixed-use property located in the heart of Chicago's dynamic South Loop. This fully-occupied asset includes 6 residential apartments, along with two retail spaces totaling 9,581 RSF (featuring a 4,335 SF street-level storefront and an additional 5,246 SF of usable basement retail). An 8-car garage provides added convenience and tenant appeal. Offered at a 6.64% cap rate based on in-place NOI of $212,589, this stabilized property delivers strong cash flow with zero current vacancy. The renovated residential units include granite countertops, stainless steel appliances, and in-unit laundry. Units 2F, 3F, and 4F were updated in 2023 and the remaining units were renovated in 2017. Recent capital improvements and a balanced unit mix make for a low-maintenance, high-performing asset. Located near Wintrust Arena, McCormick Place, Essex on the Park, and the Museum Campus, the property benefits from exceptional visibility and accessibility. Within a one-mile radius of five CTA train lines and major bus routes - and under 10 miles to both O'Hare and Midway - this South Loop location continues to see strong development and demand. 2010-2012 S. Wabash Avenue offers investors a rare opportunity to acquire a fully-leased, income-producing asset in a premier urban corridor with long-term growth potential.
- Southern Chicago 50 ft
- Cafe Bionda 500 ft
- Brulee 500 ft
- Subway 500 ft
- My Place 550 ft
- Reggies Music Joint 550 ft
- L'Africa L'afrique Market 300 ft
- McCormick Market 900 ft
- South Loop Market 900 ft
- Mariano's Fresh Market 0.3 mi
- Happy Market 0.5 mi
- Best Choice Oriental Grocery 0.5 mi
- Margaret Hie Ding Lin Park 0.2 mi
- Chicago Women's Park and Gardens 0.2 mi
- The Park at NTA 0.3 mi
- Prairie District Park 0.3 mi
- Fred Anderson Park 0.3 mi
- Battle of Fort Dearborn Park 0.4 mi
- Momentum Coffee 700 ft
- Starbucks 0.2 mi
- TSAoCAA 0.2 mi
- The Spoke & Bird 0.3 mi
- Hello Jasmine 0.3 mi
- Autea Sweets & Eats 0.3 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12439561