Home Details for 1233 S Wabash Avenue

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.