Retail Space
1307 South Wabash Avenue Chicago, IL 60605
Details & Description
Price: $2,499,000
    Fully equipped and pristine net-leased restaurant for sale at 1307 S Wabash in Chicago’s hot South Loop. The South Loop is one of the fastest-growing neighborhoods in Chicago and in recent years there has been significant development in the area. The South Loop is located south of Chicago’s loop and is close to a number of City attractions including Soldier Field, Grant Park, McCormick Place, Columbia College, School of the Art Institute, Alder Planetarium, Field Museum and Shedd Aquarium. The South Loop has great access to transportation with the CTA’s Blue, Red, Green and Orange Lines, many CTA bus routes, the Dan Ryan (I-90/94), Stevenson Expressway (I-55) and Lake Shore Drive (Route 41).Great opportunity for an investor looking for a STNL investment with an appreciation of the importance of a great location. Zoned DX7. This space is on the ground floor of a condominium building but is not part of the condominium association. 78’ of frontage along Wabash with extra-wide sidewalks, offering abundant sidewalk café seating. Interior seating for approximately 180 + large outdoor seating opportunity. Dedicated loading zone along Wabash.
    Additional Photos
    Listing Agents
    Marcus Sullivan

    O: 312-756-7357
    M: 773-405-4641
    msullivan@svn.com
    Tim Rasmussen

    O: 312-676-1875
    M: 312-953-4818
    trasmussen@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1307 South Wabash Avenue

    Chicago, IL 60605

    Listing ID: 220405
    • 1307 South Wabash Avenue Chicago, IL 60605 | for Sale | Photo 1
    • 1307 South Wabash Avenue Chicago, IL 60605 | for Sale | Photo 2
    • 1307 South Wabash Avenue Chicago, IL 60605 | for Sale | Photo 3
    • 1307 South Wabash Avenue Chicago, IL 60605 | for Sale | Photo 4
    1307 South Wabash Avenue | for Sale | Thumbnail 1
    1307 South Wabash Avenue | for Sale | Thumbnail 2
    1307 South Wabash Avenue | for Sale | Thumbnail 3
    1307 South Wabash Avenue | for Sale | Thumbnail 4
    Building Size: 4,700 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $531.70
    Land $/SF:
    Price
    $2,499,000
    Description

    Fully equipped and pristine net-leased restaurant for sale at 1307 S Wabash in Chicago’s hot South Loop. The South Loop is one of the fastest-growing neighborhoods in Chicago and in recent years there has been significant development in the area. The South Loop is located south of Chicago’s loop and is close to a number of City attractions including Soldier Field, Grant Park, McCormick Place, Columbia College, School of the Art Institute, Alder Planetarium, Field Museum and Shedd Aquarium. The South Loop has great access to transportation with the CTA’s Blue, Red, Green and Orange Lines, many CTA bus routes, the Dan Ryan (I-90/94), Stevenson Expressway (I-55) and Lake Shore Drive (Route 41).

    Great opportunity for an investor looking for a STNL investment with an appreciation of the importance of a great location. Zoned DX7. This space is on the ground floor of a condominium building but is not part of the condominium association. 78’ of frontage along Wabash with extra-wide sidewalks, offering abundant sidewalk café seating. Interior seating for approximately 180 + large outdoor seating opportunity. Dedicated loading zone along Wabash.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Retail Space for Sale

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    Chicago Area Market Trends

    Listing Demographics for 1307 South Wabash Avenue Chicago, IL 60605

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population51,164357,999800,058
    Population Median Age373836
    Population by Age0-9 Yrs3336 (6%)26401 (7%)76806 (9%)
    10-19 Yrs4204 (8%)26066 (7%)70682 (8%)
    20-29 Yrs11793 (23%)83931 (23%)188111 (23%)
    30-39 Yrs12216 (23%)78206 (21%)163992 (20%)
    40-49 Yrs6117 (11%)40190 (11%)91560 (11%)
    50-59 Yrs6372 (12%)39202 (10%)80401 (10%)
    60-69 Yrs3912 (7%)36979 (10%)72140 (9%)
    70+ Yrs3214 (6%)27024 (7%)56365 (7%)
    Median HH Income$106,167$92,743$77,474
    Total Household Income< 24K4296 (16%)34258 (18%)79293 (21%)
    25-49K2044 (7%)20547 (11%)53286 (14%)
    50-74K3090 (11%)22559 (12%)47981 (12%)
    75-99K3252 (12%)20629 (11%)40321 (10%)
    100-199K8706 (32%)50703 (27%)90894 (24%)
    200K+5268 (19%)35316 (19%)57330 (15%)
    Highest Education LevelNo Diploma18592126865116
    Diploma or GED26462768483264
    Some College39243052669351
    Assoc. Degree1649911422731
    Bachelors Degree1285694407183832
    Higher Degree1657393204158564
    Total Housing Units29,911211,609421,532
    --Owner-Occupied12,58672,171137,993
    --Renter-Occupied14,069111,840231,112
    Owner-Occupied Values< 100K19518526030
    100-199K488464717637
    200-299K24111329025279
    300-399K37151452123050
    400-499K22861129018308
    500K+34902657147687
    Total Working Age Population46,490319,849685,336
    In Work Force34,159229,869478,327
    Not In Work Force12,33089,980207,009
    Workforce Employed32,928219,045450,276
    Workforce Unemployed1,08310,59327,605
    Civlian Workforce34,011229,637477,882
    Military Workforce148232445
    Total Households26,655184,012369,105
    Family Households10,25971,809155,908
    Non-Family Households16,396112,203213,197
    Married Couple8,35754,453105,254
    Other Family1,90217,35650,654
    Married w/Child2,12115,01636,094
    Single Male w/Child511,2794,492
    Single Female w/Child8066,01519,290

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1307 South Wabash Avenue in Chicago?
    The asking price for 1307 South Wabash Avenue is $2,499,000
    What is the building size of this Retail property in Chicago, IL?
    The size of the building/unit at 1307 South Wabash Avenue in Chicago is 4,700 square feet
    What kind of Retail is the propery at 1307 South Wabash Avenue?
    The property at 1307 South Wabash Avenue Chicago, IL 60605 is listed as a Food Service Retail property
    What is the population within 1 mile of 1307 South Wabash Avenue in Chicago?
    The population within 1 mile of 1307 South Wabash Avenue Chicago, IL 60605 is 51,164 people.
    Who do I contact for questions about 1307 South Wabash Avenue?
    You should contact the listing agent, Marcus Sullivan, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 9
    Chicago O'Hare International Airport (ORD) 16
    South Bend Regional Airport (SBN) 68
    Price
    $2,499,000
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