111 N Wabash Avenue #1114-1116
Chicago, IL, 60602
$2,310,000
Beds
0 Baths
259,000 SqFt
0 Acres
Add
Add
$2,310,000
111 N Wabash Avenue #1114-1116
Chicago, IL, 60602
MLS #MRD12294330 img 0
Don’t miss this investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 2 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 6.73 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 medical businesses with significant lease term remaining. One of the tenants is a credit tenant with a lease in place until 2034 and 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. Call for a copy of the rent roll. See MLS #11955198 for Units 810, 2102, 2103 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.

Property Details

Price:
$2,310,000
MLS #:
MRD12294330
Status:
Active
Beds:
0
Baths:
0
Address:
111 N Wabash Avenue #1114-1116
Type:
Commercial
Subtype:
Office
Neighborhood:
CHI – Loop
City:
Chicago
Listed Date:
Feb 19, 2025
State:
IL
Finished Sq Ft:
259,000
Total Sq Ft:
259,000
ZIP:
60602
Year Built:
1922

Schools

Interior

Cooling
Central Air

Exterior

Financial

Tax Year
2022
Taxes
$31,715
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

disclosure
Courtesy of Coldwell Banker Real Estate Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
Rover IDX
111 N Wabash Avenue #1114-1116
Chicago, IL