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828 & 850 South Wabash Avenue 2 Office Properties in Chicago, IL
Investment Highlights
- Chance to acquire a South Loop mixed-use office property with ground-floor retail and public transit access.
- Diverse existing tenant mix, including medical, dental, and wellness users.
- Walkable to Grant Park, Museum Campus, Soldier Field, and numerous educational institutions.
- Current 46.2% occupancy provides a value-add upside via lease-up and stabilization.
- Surrounded by major retailers like Target, Trader Joe’s, Walgreens, Starbucks, and CVS.
Executive Summary
The auction date is 8/3 – 8/5 and the Starting Bid is $1,250,000.
Burnham Park Professional Center presents a value-add investment opportunity within Chicago's dynamic South Loop district. This 76,266 square-foot mixed-use property comprises two interconnected buildings with ground-floor retail and upper-level office space. Initially constructed in 1986 and renovated in 2006/2007, the property is 46.2% leased, offering significant upside potential through lease-up and stabilization. Current tenancies include a diverse mix of medical, dental, and wellness providers such as Stride Autism Centers, South Loop Dental Specialists, and Advanced Dermatology, creating a strong foundation for future income growth.
Situated in one of Chicago’s most connected neighborhoods, the asset boasts exceptional accessibility through multiple CTA lines—including Harrison Red Line, Roosevelt Red/Green/Orange, and LaSalle Blue Line—as well as Metra service, ensuring consistent commuter traffic. The property also benefits from proximity to cultural and commercial hubs such as Grant Park, Soldier Field, the Museum Campus, and major universities. With leading national retailers and amenities like Target, Trader Joe’s, Walgreens, and Starbucks nearby, the location supports long-term tenant demand and robust consumer engagement.
This auction represents an outstanding opportunity for investors seeking a prime urban asset with considerable value-add potential, strong connectivity, and exposure to Chicago’s growing South Loop market.
Burnham Park Professional Center presents a value-add investment opportunity within Chicago's dynamic South Loop district. This 76,266 square-foot mixed-use property comprises two interconnected buildings with ground-floor retail and upper-level office space. Initially constructed in 1986 and renovated in 2006/2007, the property is 46.2% leased, offering significant upside potential through lease-up and stabilization. Current tenancies include a diverse mix of medical, dental, and wellness providers such as Stride Autism Centers, South Loop Dental Specialists, and Advanced Dermatology, creating a strong foundation for future income growth.
Situated in one of Chicago’s most connected neighborhoods, the asset boasts exceptional accessibility through multiple CTA lines—including Harrison Red Line, Roosevelt Red/Green/Orange, and LaSalle Blue Line—as well as Metra service, ensuring consistent commuter traffic. The property also benefits from proximity to cultural and commercial hubs such as Grant Park, Soldier Field, the Museum Campus, and major universities. With leading national retailers and amenities like Target, Trader Joe’s, Walgreens, and Starbucks nearby, the location supports long-term tenant demand and robust consumer engagement.
This auction represents an outstanding opportunity for investors seeking a prime urban asset with considerable value-add potential, strong connectivity, and exposure to Chicago’s growing South Loop market.
Property Facts
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment | Total Building Size | 76,266 SF |
| Status | Active | Total Land Area | 1.91 AC |
| Number of Properties | 2 |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 76,266 SF |
| Total Land Area | 1.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
850 S Wabash
850 S Wabash Ave, Chicago, IL 60605 |
Office | 44,300 SF | 1986 | - |
| 828 S Wabash Ave, Chicago, IL 60605 | Office | 31,966 SF | 1912 | - |
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Contacts
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Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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828 & 850 South Wabash Avenue
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