2114 S Wabash Ave
6,000 SF BUILDING WITH KITCHEN & PARKING LOT
Neighborhood: South Loop
Cross Streets: Wabash Ave & 22nd St
PROPERTY OVERVIEW: 2114 S. Wabash offers a rare opportunity to lease a 6,000 SF single-story, column-free building with an attached 30+ space gated parking lot suitable for outdoor dining in the South Loop. The building has loads of features, including a bow truss roof, 25+ foot ceilings, a fully equipped kitchen with three walk-in refrigerators/freezers, a separate bar area, current occupancy for 198 people, men’s and women’s multi-stall ADA bathrooms, sound and lighting systems, partial basement, exposed brick walls, mezzanine for office and additional space, and an off-street loading door/entrance. The property is zoned DX-5, which allows a wide range of uses. This second generation space is ready to meet the tenant’s finish needs.
LOCATION: 2114 S. Wabash is located in Chicago’s booming Near South Side and is 1⁄2 mile south of downtown and 1⁄2 mile west of McCormick Place and Lake Shore Drive. The neighborhood includes numerous national and local retailers, restaurants, cafes, theaters, museums, and over 24 universities and colleges. Its many high-rise residences are densely populated with young professionals, families, graduates, and empty-nesters.
This vibrant and diverse community draws thousands of residents, tourists, and visitors to Chicago’s most iconic cultural and entertainment institutions, including the Museum Campus, McCormick Place, Soldier Field (home of the Chicago Bears), Guaranteed Rate Field (home of the Chicago White Sox), and Wintrust Arena (home to the DePaul Blue Demons). The Near South Side is also home to five of Chicago’s major historic districts (Printers Row, Prairie Avenue, Motor Row, Chinatown, and Bronzeville), which also draw thousands of visitors annually.
Downtown, McCormick Place, Grant Park, and dozens of restaurants and retail stores are within walking distance. The Cermak-McCormick Place CTA Station (Green Line), is around the corner on Cermak Ave., the Cermak-Chinatown CTA Station (Red Line) is a 7-minute walk, and the site is serviced by the 1,3,4, 21, and 29 CTA Bus lines. The site is conveniently located within 1⁄2 mile of Interstate 90/94, Interstate 55, and Lake Shore Drive.
NEARBY TENANTS: The dozens of nearby restaurants, shops, nightlife hotspots, universities, and hospitals in the immediate vicinity area include: McCormick Place, White Castle, Velvet Lounge, Asian Cajun, Chef Luciano Kitchen + Chicken, Papa John’s Pizza, Chicago Illuminating Company, Chess Records, Motor Row Brewing, Mercy Hospital, and others.
DEMOGRAPHICS (2013) 1 MILE 3 MILES 5 MILES
Population 42,025 258,355 715,099
Households 20,552 120,797 297,881
Average Household Income $77,984 $77,711 $72,427
AVAILABLE SPACE: 6,000 SF + Mezzanine Space
PARKING: 9,000 SF attached parking lot with 30+ spaces and outdoor seating opportunity
ZONING/WARD: DX-5 / Ward 3 Ald. Pat Dowell
LEASE RATE: $30.00 – $37.00/SF NNN
• Single-story building with bow truss roof, column-free space and 25+ foot tall ceiling
• Fully equipped kitchen with 3 walk-in refrigerators/freezers
• Separate bar area
• Partial basement for dry storage
• Men’s and women’s multi-stall ADA bathrooms
• 1,200 Amp Electric
• Current occupancy for 198
• Ready to go sound and lighting system
• Exposed brick walls
• Second generation entertainment/restaurant venue