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 Jan 4, 2025
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

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

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

Coldwell Banker Real Estate Group