1117 Wabash Avenue

    Chicago, IL 60605
    • $720,000
    • STATUS: Active
    • ON SITE: 602 days
    • MLS #: 09392793
    UPDATED: 13 min ago
    $720,000
    • 0
      BEDS
    • .25-.49 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,592
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Street retail spaces on south Wabash in the South Loop. 1117-Salon occupies 1,592 sqf of space, offers 10 stations, grand color bar, 3 shampoo, 2dryers, 2baths, and a kitchen. 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.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. 1109 S Wabash with 3,321 sqf with 31' frontage available as well. MLS 09392772. Available together for a total of 4,914 sqf *No deed restrictions.

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    © 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 Domain Realty. 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 Domain Realty 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: 2018-07-17T14:55:15.18.

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    www.lookinginchicago.com/homes/68163450

    1117 Wabash Avenue Chicago, IL 60605

    • Price: $720,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 09392793
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .25-.49 Acre
    Acres
    1,592
    SQFT
    $452
    $/SQFT
    Neighborhood:
    Chi - Loop
    County:
    Cook
    Area:
    Chi - Loop
    Property Description
    Street retail spaces on south Wabash in the South Loop. 1117-Salon occupies 1,592 sqf of space, offers 10 stations, grand color bar, 3 shampoo, 2dryers, 2baths, and a kitchen. 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.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. 1109 S Wabash with 3,321 sqf with 31' frontage available as well. MLS 09392772. 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 2016 Taxes 13117 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 Domain Realty. 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 Domain Realty 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: 2018-07-17T14:55:15.18.

    Digital Millennium Copyright Act
     
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