Chicago, IL 60616 2241 S Wabash Avenue
$3,350,000



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Presented By: Century 21 S.G.R., Inc.
Home Details
Just south of the South Loop of Chicago, this exceptional mixed-use commercial property in the Motor Row neighborhood of Chicago. This building's striking exterior design and its timeless architecture make it stand out among other commercial properties in the area. The spacious three-level layout with soaring timber ceiling heights of 16' on the 2nd and 3rd floors with exposed brick, and 17' for the garage with a drive-in door, complete with a full basement, totaling an impressive 39,900 square feet, with just about 10,000 SF per floor, 400-AMP electrical service per floor, and a freight elevator. Situated in a TIF district and an opportunity zone, presents a unique chance for investors seeking tax incentives, capital improvements, and long-term growth potential. The 3rd floor provides the perfect canvas for creating versatile and functional workspaces, complete with 1 office, a conference room with a skylight, a kitchenette, and 2 dedicated restrooms. The 2nd floor has an impeccably-designed interior that exudes professionalism and modernity with enclosed glass offices, 1-2 large conference rooms, 7-8 private offices, center open floorplan, reception area, media/conference room adjacent to the open office, IT room, storage room, 2 large dedicated restrooms, the kitchen is a dream. The main level consists of front retail/offices, garage in the rear of the building with 17-19 surface spaces, a drive-in door, warehouse area, and a full locker room area, and the full basement offers full ceiling height space for storage, equipment, or expansion, allowing your business to grow and adapt as needed. This office building offers an incredible opportunity to be near McCormick Place, major transportation routes are easily accessible, ensuring effortless commuting for employees and clients via McCormick Place Green Line Station, bus routes, Interstates 55, 90, and Route 41-Lake Shore Drive. Surrounding this property, you will find an array of amenities that cater to the needs of your business and employees. From a variety of dining options to retail shops and entertainment venues, the vibrant city of Chicago, offering a wealth of cultural experiences, world-class dining, and an energetic arts scene.
Presented By: Century 21 S.G.R., Inc.
Interior Features for 2241 S Wabash Avenue
Other Interior Features
FlooringCarpet, Concrete, Wood
General for 2241 S Wabash Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial, Office, Automotive
DirectionsCermak south to Wabash to 2241
ElectricService - 201 to 600 Amps
Electric Expense
Fuel Expense2400
Gross Income
Insurance Expense8000
Lot Size Square Feet11520
MLS AreaCHI - Near South Side
ModificationTimestamp2025-02-20T06:06:03.469Z
Net Operating Income
Number Of Units Total3
Operating Expense0
PossessionClosing, Negotiable
Possible UseCommercial, Office, Retail
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount229583
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance
Trash Expense1140
Virtual TourClick here
Water Sewer Expense600
Year Built1915
ZoningCOMMR
Exterior for 2241 S Wabash Avenue
Building Area Total39900
Foundation DetailsConcrete Perimeter
Lot Dimensions60 X 192
Additional Details
Price History
