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South Loop restaurant sells to local restaurateur

October 16, 2023
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Tim Rasmussen, CCIM and Marcus Sullivan of SVN Chicago Commercial helped secure the sale of 1307 S. Wabash Ave. in Chicago’s South Loop.

SVN | Chicago Commercial represented the seller and David Wong of Century 21 Realty Associates, who was instrumental in taking this transaction over the goal line, represented the buyer. The 4,800-square-foot restaurant condo sold for 95% of the asking price to a motivated local buyer and was backed by a very cooperative lender. The asset sold for $1,800,000.

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