SQUARE FEET20,438
MLS#12439561
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.10 Acres
Stories: 4.0
Taxes: $50,440
Year Built: 2002
Feature Descriptions
Days on Site: 208
Drains: Balcony/ies
Electric: Other
Exterior: Brick
Fire Protection: Other
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Gas
Location: Central Business District, Public Transport Avail
Lot Dimensions: 30X150
Miscellaneous Outdoor: Balcony/ies
Parcel#: 17223110170000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 8
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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2010 S Wabash Avenue | MLS# 12439561
This commercial property located at 2010 S Wabash Avenue, Chicago, IL 60616 is currently listed for sale with an asking price of $3,200,000. Search Chicago real estate on www.bhhscrosby.com today.