Washington Park Flexible Retail/Office Shell 5431-5433 S Wabash Ave 557 m² Inoccupé Local commercial Vente aux enchères en ligne Chicago, IL 60615

Become part of the energy and momentum of South Chicago’s Hyde Park Township with the acquisition of a versatile 6,000-square-foot commercial duplex at 5431–5433 S Wabash Avenue. Delivered vacant and zoned for a wide array of commercial uses, this rare opportunity is well-suited for owner/users or investors seeking a foothold in a low-availability, high-potential market. The property’s flexible zoning allows for restaurants, storefront retail, professional offices, beauty salons and barber shops, schools, clinics, nonprofits, business services, and more, making it easy to adapt to evolving market needs or tenant demand.

Previously operated as a restaurant, 5431-5433 S Wabash features functional and attractive infrastructure that provides a head start for a variety of businesses. Each of the two 3,000-square-foot units is separately metered for electric and gas and can function independently or as one contiguous space via an interior connection in the shared party wall. The building’s brick façade, expansive storefront windows, and fenced front patio enhance its street presence and lend the potential for outdoor dining or retail displays. Inside, the space includes an open dining area with long window lines, a spacious service counter with a pass-through window, a back room suitable for a commercial kitchen, and private office space to support operations. Its high ceilings with recessed lighting, exposed brick walls, and abundant natural light combine to create a modern and welcoming environment.

Just off Interstate 90 in the Washington Park neighborhood, 5431-5433 S Wabash Avenue provides easy accessibility and proximity to many of South Chicago’s most-traveled destinations. The surrounding area sees immense vehicle and foot traffic thanks to many nearby universities, large employment centers, and world-class public parks. Just minutes away, the main campus of the University of Chicago serves as the largest employer in the city, with more than 20,000 staff across several sites and organizations. The neighboring Hyde Park area also serves as the cultural center of South Chicago, home to the South Shore Cultural Center, the Griffin Museum of Science and Industry, the Smart Museum of Art, and much more. This wide collection of nearby traffic drivers offers a flood of potential clients and customers to businesses at the subject property. Within walking distance, the Garfield Green Line CTA Station delivers over 220,000 annual boardings, with another 562,000 at the nearby Red Line Station, representing a 15% increase year-over-year. Additionally, daily traffic at the nearby Wabash Avenue and Garfield Boulevard intersection exceeds 27,000 vehicles, creating valuable brand exposure and a strong case for enhanced signage.

Washington Park has become the newest extension of Hyde Park that has drawn significant recent investment. There has been over $673 million in improvements within minutes of 5431-5433 S Wabash Avenue and more are underway. This includes the new Arts and Public Life Arts Lawn on Garfield Boulevard, the $10m Green Line Performing Arts Center, a $23.5m 58-unit KLEO Art Residence, a $43m renovation and improvement of the Garfield Green Line, the $482m Obama Library, and a $46m rehabilitation of the Washington Park National Bank. Situated at the forefront of the area’s growth, The University of Chicago is also making substantial new investments in the neighborhood. This includes the new $3m Fossil Lab directly adjacent to the subject property, which draws immense foot traffic to the immediate area with regular university and community events.

Lending a premier backdrop for new investment, the South Chicago Retail Submarket boasts solid fundamentals alongside significant regional growth efforts. The submarket currently posts an availability rate of just 4.9% following 12-month absorption of more than 160,000 square feet. The Chicago Metropolitan Agency for Planning (CMAP) has earmarked nearly $1 billion toward transportation infrastructure and transit expansions in Southwest Cook County, alongside incentive programs to attract businesses and residents. City leaders continue to prioritize economic development on the South Side through improved housing, employment access, and mobility, all key drivers of sustainable retail demand.

5431–5433 S Wabash Avenue presents an exceptional opportunity to secure a high-utility commercial asset in a dynamic and evolving market. Whether for retail, food service, creative office, or service-based use, this property offers the infrastructure, location, and flexibility needed to support long-term success.

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