111 Wabash Avenue, Chicago, Illinois 60602

341,000 Sqft – 111 Wabash Avenue, Chicago, Illinois 60602

QR Code
Property Description

We are pleased to present an exceptional, cash-flowing investment (11% cap rate) or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago. At 111 N. Wabash, five commercial condominium units (three occupied) have become available for purchase; two also for lease. Unit #s:1420 & 1422 are contiguous and have leases in-place through 7/31/21 & 3/31/25 respectively. Unit #s: 2119, 2120 & 2122 are also contiguous and offer commanding views of Millennium Park and Lake Michigan. 2119 & 2120 are available for lease and 2122 is leased through 4/30/21. The Garland is CTA-Adjacent with direct access to all EL Lines & Multiple Bus Routes. Retail co-tenants are Staples Office Supplies and Subway Sandwich Shop. 111 N. Wabash is the perfect location for any small business and a commercial condominium is the best way to manage the occupancy costs for every business. The units are available individually or in-bulk. The price for all 5 is $680,000. Individually, the price are: Unit # 1420 is $105,000, #1422 is $130,000, #2119 is $125,000, #2120 is $150,000 and #2122 is $170,000. Units #2119 & 2120 are available for lease at $ 2,497 and $2,924 per month respectively.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD10909948
Price : $130,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 341,000 Sqft
Year Built : 1922
Lot Area : 16,226 Acre
Features
Cooling System : Window unit(s)
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60602
Street : Wabash
Street Number : 111
Street Suffix : Avenue
Floor Number : 0
Longitude : W88° 22′ 42”
Latitude : N41° 43′ 52.9”
Area : CHI – Loop
Street Dir Prefix : N
MLS Addon
Office Name : SRFG, Inc
Agent Name : Scott Siegel
DaysOnMarket : 12
Directions : Washington East to Wabash or Wabash South to Washington
List Agent MLSID : MRD180691
List Office MLSID : MRD87157
LotSizeDimensions : 133 X 122
MlsStatus : Active
ModificationTimestamp : 02/11/2020 22:05:08
StandardStatus : Active
Unit Number : 1422
Parcel Number : 17108090161100
TaxAnnualAmount : $5,720
Tax Year : 2019
Zoning : OFFIC
AssociationFee : $0
Commercial Sale For Sale
  • Listing ID : MRD10909948
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 341,000 Sqft
$130,000
Agent info
ART Property Management
Contact Agent

 

Art Property Management White Logo
ART Property Management, LLC is a full service real estate company. We provide clients with property management, property rental and buyer and seller representation.

Stay up to date with properties for sale,

rent, and real estate trends.

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Scroll to Top