111 N Wabash Ave

111 N Wabash Ave, Chicago, IL 60602

  • For Sale $1,100,000
  • Property Type Office
  • Additional Rent Contact for pricing
  • # of Floors 22
  • Date Updated Nov 19, 2024
Don't miss this 100% leased investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 3 units that are diversified under 2 separate leases/tenants. This is an armchair investment with maintenance taken care of by the HOA and by the tenants. The portfolio is positioned to trade at a 7.27% cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are well established dentistry professionals with significant lease term remaining. One of the tenants has a lease in place until 2033 and the other is in place until 2028. Both leases feature options to extend. This is a premier location in the heart of Chicago's Loop. Close to everything including Michigan Avenue, restaurants, retail, Millenium Park and the lakefront. There is valet parking available for a fee. Call for a copy of the rent roll. See MLS #11955091 for Units 1114-1116 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.

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Highlights

  • Cooling: Central A/C
  • Special Market: Luxury Properties

Contacts

broker

Charles Kirkwood

Coldwell Banker Real Estate Group

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Downtown Chicago
  • Zip Code 60602
  • Market Chicago

Points of Interest

  • Millennium Station

    0.08 miles

  • Lake

    0.13 miles

  • State/Lake

    0.19 miles

  • Adams/Wabash

    0.27 miles

  • Harold Washington Library-State/Van Buren

    0.48 miles

  • Quincy

    0.53 miles

  • Merchandise Mart

    0.56 miles

  • Grand

    0.59 miles

  • Clinton

    0.82 miles

  • Chicago

    1.04 miles

  • Tesla Supercharger

    0.33 miles

  • ChargePoint

    0.61 miles

  • BP

    0.76 miles

  • Shell

    1.10 miles

  • Blink

    1.11 miles

  • Volta

    1.12 miles

  • Citgo

    1.36 miles

  • Blink ParkChip Garage - 1035 Van Buren

    1.49 miles

  • Electrify America

    1.62 miles

  • eVgo

    1.64 miles

  • Grant Park North Garage

    0.12 miles

  • 60 East Lake Self Park

    0.17 miles

  • Prudential Plaza

    0.19 miles

  • Hotel Parking

    0.21 miles

  • One East Wacker

    0.22 miles

  • Theater District Self Park

    0.22 miles

  • 55 East Monroe Self Park

    0.23 miles

  • Millennium Garage

    0.24 miles

  • Government Center Self Park

    0.28 miles

  • 33 West Monroe

    0.28 miles

  • Manilow Suites at Millennium Park Plaza

    0.12 miles

  • Arlo Chicago

    0.12 miles

  • Chicago Athletic Association Hotel

    0.13 miles

  • Staypineapple, An Iconic Hotel, The Loop

    0.13 miles

  • Silversmith Hotel Chicago Downtown

    0.14 miles

  • The Marquee at Block 37

    0.16 miles

  • University Club of Chicago

    0.18 miles

  • Virgin Hotels Chicago

    0.18 miles

  • Cambria Chicago Loop - Theatre District

    0.18 miles

  • The Wit Hotel

    0.20 miles

  • Heaven on Seven

    0.01 miles

  • Subway

    0.01 miles

  • McDonald's

    0.03 miles

  • Dunkin'

    0.04 miles

  • Oasis Cafe

    0.06 miles

  • Remington’s

    0.08 miles

  • Ryo Sushi

    0.09 miles

  • Fons

    0.09 miles

  • Frontera Fresco

    0.09 miles

  • Popeyes

    0.10 miles

  • Cortiva Institute

    0.07 miles

  • School of The Art Institute of Chicago

    0.16 miles

  • National College of Education Urban Campus

    0.16 miles

  • Harold Washington College

    0.19 miles

  • School of the Art Institute of Chicago

    0.22 miles

  • National Louis University

    0.25 miles

  • DePaul University (the Loop Campus)

    0.38 miles

  • University of Illinois Chicago School of Law

    0.41 miles

  • GEMS World Academy

    0.42 miles

  • Robert Morris University

    0.50 miles

  • Bright Horizons

    0.47 miles

  • Blocks Child Care Center

    0.82 miles

  • A Child’s Space

    0.97 miles

  • The Goddard School

    1.15 miles

  • LadyBug and Friends Daycare & Preschool

    1.21 miles

  • Sonnets Academy

    1.27 miles

  • Kids & Company

    1.28 miles

  • Cornerstone Children's Learning Center

    1.39 miles

  • KinderCare

    1.49 miles

  • Taylor Tots

    2.13 miles

Frequently Asked Questions

How much does 111 N Wabash Ave cost?

The space currently listed for sale at 111 N Wabash Ave asks for $1,100,000.

What is the total square footage of 111 N Wabash Ave?

111 N Wabash Ave totals 259,000 square feet.

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Contact Listing Broker

broker

Charles Kirkwood

Coldwell Banker Real Estate Group