1526 S Wabash Ave
Chicago, IL 60605
Newman Building · Retail Property For Sale

1580 SF ground-floor commercial retail condo storefront located on a tree-lined block of South Wabash in the booming South Loop. Currently a fully-equipped framing/art gallery, this light-filled, totally-renovated retail space would also be ideal for a specialty-retail store, interior design or architectural studio, or event space. The building is zoned DX-7, mixed-use development. Please do not disturb the current tenant as the business is still active. Located along the South Wabash retail corridor on the ground floor of a 4-story mixed use building (one retail condo, 3 residential condos), this retail condo is near the area' s major shopping and entertainment district: 1.5 miles south of the Loop's State Street Retail District; .5 miles south of Roosevelt Road shopping; .7 miles north of Chinatown. It boasts a variety of arts and entertainment, beauty and spa shops, and parks such as Coliseum Park (1466 S Wabash Avenue) with its unique structures and dog park; Overflow Coffee Bar around the corner on South State; Tapas Valencia at 1530 S State; and numerous Japanese sushi, Thai, and Asian fusion restaurants as well as breweries and bars. At 1649 S Wabash is the 4-star Yelp-rated restaurant Acadia. With substantial residential interspersed with commercial establishments, the condo is situated within a 1-mile radius that has experienced population/household growth (over 5 %). Of note, also, is the relatively young average age of the residents, 37, and high median HH income. Wabash Avenue has high foot and vehicular traffic, including easy access to the State Street and Michigan Avenue bus lines, the CTA, & Lake Shore Drive.