image

2635 South Wabash Avenue

The Industrial property located in Chicago that spans 96,000 square feet sold for $3,498,000 or $36 PPSF. The deal closed 6 months and 18 days ago. The broker of the deal was Nathan Gautsche

  • Location image 2635 South Wabash Avenue, Chicago, IL 60616
  • Sold Value
    image $3,498,000
    image $36
  • Asset Type image Industrial
  • Area image 96,000 SF
  • Parties image1 Broker,1 Agency
img

Nathan Gautsche

CRER (Chicago Real Estate Resources)
  • Deals 12
  • Volume $23,850,000
thumbnail

Comparables: 2635 South Wabash Avenue

Showing 3 of 3

Image

Price Icon $3,000,000

  • StatusSOLD, $45 PPSF
  • Date06/08/22
  • Address1125 Carnegie Street, Rolling Meadows, Illinois 60008, United States
  • Address1125 Carnegie...
  • AssetINDUSTRIAL
thumbnail
thumbnail
Image

Price Icon $3,100,000

  • StatusSOLD, $99 PPSF
  • Date05/18/22
  • Address345 S Fairbank St, Addison, IL 60101
  • Address345 S...
  • AssetINDUSTRIAL
thumbnailthumbnail3+
thumbnail2+
Image

Price Icon $3,250,000

  • StatusSOLD, $85 PPSF
  • Date01/12/22
  • Address1700 Todd Farm Drive, Elgin, Illinois 60123, United States
  • Address1700 Todd...
  • AssetINDUSTRIAL
thumbnail
thumbnail
thumbnail

This Deal on Social

SALE
IMAGE: Nate Gautsche
DATE: 12/21/2021
ADDRESS: 2635 S Wabash Ave
MARKET: Chicago
ASSET TYPE: Industrial

BUYER: Icon Capital
SELLER: 2635 S Wabash Real Estate, LLC
BROKER: Nate Gautsche (@Nate_Gautsche_CRER) – Chicago Real Estate Resources (@CRERChicago)

SALE PRICE: $3,498,000
SF: 96,000 ~ PPSF: $36

NOTE FROM @CRERChicago: Nate Gautsche represented the buyer in the acquisition of 2635 S Wabash Ave on the border of the South Loop and Bronzeville for $3,498,000. This 96,000 SF, four-story building sits on a 38,000 SF lot that includes a fenced and gated 40 car parking lot. The site is strategically located at the hub of Interstate Highways I-55, I-90, I-94 and Lake Shore Drive.

The immediate area is experiencing a substantial amount of development and investment. The site is four blocks away from the 50 acre former Michael Reese Hospital site that received Chicago City Council approval for a $3.8 billion mixed-use development which includes a 500,000 SF ARC Innovation Center, retail space, community center, mixed income senior housing and a new park in Phase 1.

The site is also adjacent to the City Council Approved Surge Esports Venue. The $30 million project will span 108,000 SF on two floors that will accommodate up to 1,040 ticketed capacity. This site will house an esports arena and become a virtual reality hangout working in partnership with the Illinois Institute of Technology to launch the Bronzeville Esports League.

Built in 1910, this property has an interesting history being first built for the White Motor Car Company and subsequently used by “Chicago’s Taxi Cab King.”

“This was a great opportunity to purchase a large property in the path of progress on Chicago’s near south side,” says Nate Gautsche. “The close proximity to McCormick Place, Illinois Institute of Technology, Bronzeville Lakefront and Surge Esports Venue all made this a desirable project for my client. I’m excited to see what comes next for this site and the immediate area over the next few years.”

Text Content: img

SALE
IMAGE: Nate Gautsche
DATE: 12/21/2021
ADDRESS: 2635 S Wabash Ave
MARKET: Chicago
ASSET TYPE: Industrial

BUYER: Icon Capital
SELLER: 2635 S Wabash Real Estate, LLC
BROKER: Nate Gautsche (@Nate_Gautsche_CRER) – Chicago Real Estate Resources (@CRERChicago)

SALE PRICE: $3,498,000
SF: 96,000 ~ PPSF: $36

NOTE FROM @CRERChicago: Nate Gautsche represented the buyer in the acquisition of 2635 S Wabash Ave on the border of the South Loop and Bronzeville for $3,498,000. This 96,000 SF, four-story building sits on a 38,000 SF lot that includes a fenced and gated 40 car parking lot. The site is strategically located at the hub of Interstate Highways I-55, I-90, I-94 and Lake Shore Drive.

The immediate area is experiencing a substantial amount of development and investment. The site is four blocks away from the 50 acre former Michael Reese Hospital site that received Chicago City Council approval for a $3.8 billion mixed-use development which includes a 500,000 SF ARC Innovation Center, retail space, community center, mixed income senior housing and a new park in Phase 1.

The site is also adjacent to the City Council Approved Surge Esports Venue. The $30 million project will span 108,000 SF on two floors that will accommodate up to 1,040 ticketed capacity. This site will house an esports arena and become a virtual reality hangout working in partnership with the Illinois Institute of Technology to launch the Bronzeville Esports League.

Built in 1910, this property has an interesting history being first built for the White Motor Car Company and subsequently used by “Chicago’s Taxi Cab King.”

“This was a great opportunity to purchase a large property in the path of progress on Chicago’s near south side,” says Nate Gautsche. “The close proximity to McCormick Place, Illinois Institute of Technology, Bronzeville Lakefront and Surge Esports Venue all made this a desirable project for my client. I’m excited to see what comes next for this site and the immediate area over the next few years.”

thumbnail

Contact Nathan Gautsche

Nate Gautsche is a Chicago resident with a BA in Business from Goshen College and currently holds real estate licenses...

Call

Compare listings

Compare
Nathan Gautsche
  • Nathan Gautsche
Loading...