1109 Wabash Avenue

    Chicago, IL 60605
    • $1,500,000
    • STATUS: Active
    • ON SITE: 607 days
    • MLS #: 09392772
    UPDATED: 83 min ago
    $1,500,000
    • 0
      BEDS
    • .25-.49 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,392
      SQFT
    • $442
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Street retail spaces on south Wabash in the South Loop. 1109-Spa occupies 3,321 sqf of space, offers 8 treatment rooms, 4pedicure, 3manicure, along with his and hers locker rooms, complete with 3 baths. 1117 Salon occupies 1,592 sqf of space, offers 10 stations, grand color bar, 3 shampoo, 2dryers, 2baths, and a kitchen. Captured a client book of 37,000 guests, with consistent sales over $1,000,000 annually. Salon & Spa opened its doors in November of 2007. Salon and Spa is the preferred spa and salon for the Blackstone Hotel, Hyatt, Hilton, Palmer House, Congress and many more downtown Chicago hotels. New developments across Wabash, include a 26-story, 320 unit building. Neighboring the Salon/Spa, is the new Hilton Hotel development that includes the 196-room Hilton Homewood, and the Wabash Suites, extended stay, with 85 guest rooms. 1117 S Wabash with 1,592 sqf with 35' frontage available as well. MLS 09392793. Available together for a total of 4,914 sqf *No deed restrictions.

    Monthly Payment Calculator



    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Perotti Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Perotti Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-07-22T16:52:07.323.

    Digital Millennium Copyright Act
    www.theperottigroup.com/homes/68163451

    1109 Wabash Avenue Chicago, IL 60605

    • Price: $1,500,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: 09392772
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .25-.49 Acre
    Acres
    3,392
    SQFT
    $442
    $/SQFT
    Neighborhood:
    Chi - Loop
    County:
    Cook
    Area:
    Chi - Loop
    Property Description
    Street retail spaces on south Wabash in the South Loop. 1109-Spa occupies 3,321 sqf of space, offers 8 treatment rooms, 4pedicure, 3manicure, along with his and hers locker rooms, complete with 3 baths. 1117 Salon occupies 1,592 sqf of space, offers 10 stations, grand color bar, 3 shampoo, 2dryers, 2baths, and a kitchen. Captured a client book of 37,000 guests, with consistent sales over $1,000,000 annually. Salon & Spa opened its doors in November of 2007. Salon and Spa is the preferred spa and salon for the Blackstone Hotel, Hyatt, Hilton, Palmer House, Congress and many more downtown Chicago hotels. New developments across Wabash, include a 26-story, 320 unit building. Neighboring the Salon/Spa, is the new Hilton Hotel development that includes the 196-room Hilton Homewood, and the Wabash Suites, extended stay, with 85 guest rooms. 1117 S Wabash with 1,592 sqf with 35' frontage available as well. MLS 09392793. Available together for a total of 4,914 sqf *No deed restrictions.
    Exterior Features

    Approx Land Sq Footage 4914 Lot Dimensions Common Lot Sq Ft 13680 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Common Lunchroom/SPrivate Restroom/S Number Of Stories 34

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 214782 Ann Rnt Expense Source Actual Annual Rent For Real Estate 0 Business Age 7-10 Years Business Type Beauty Salon/BarberRetail/Misc. Corporate Limits Chicago Cost Of Goods Expense Source Actual Cost Of Goods Sold 15343 Cost Of Goods Year 2015 Gross Payroll 439454 Gross Payroll Expense Source Actual Gross Payroll Year 2015 Gross Profit 1029657 Gross Profit Expense Source Actual Gross Profit Year 2015 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2015 Gross Sales Annual 1045000 Heat Ventilation Forced Air Inventory 0 Inventory Expense Source Broker Projection Inventory Year 2015 Known Encumbrances None Known Net Operating Income Year 2015 Net Profit 214782 Net Profit Source Actual Possession ClosingNegotiable Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 21-30 Tax Year 2015 Taxes 31874 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceScavengerWater/Sewer Total Op Exp Year 2015 Total Op Expense Source Actual Total Operating Expenses 814785 Type Of Lease None Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of D'aprile Properties.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Perotti Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Perotti Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-07-22T16:52:07.323.

    Digital Millennium Copyright Act
     
    The Perotti Group
    807 W Dickens Ave
    Chicago IL, 60614