$1,190,000
111 N Wabash Avenue #810-2102-2103
Chicago, IL, 60602
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 6.72% 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.
Property Details
Price:
$1,190,000
MLS #:
MRD11955198
Status:
Active
Beds:
0
Baths:
0
Address:
111 N Wabash Avenue #810-2102-2103
Type:
Commercial
Subtype:
Office
City:
Chicago
Listed Date:
Jan 9, 2024
State:
IL
Finished Sq Ft:
259,000
ZIP:
60602
Year Built:
1922
Schools
Interior
Cooling
Central Air
Exterior
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2022
Taxes
$30,779
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 314 S Federal Street
Chicago, IL$1,500,000
0.66 miles away
- 421 N Aberdeen Street
Chicago, IL$1,499,000
2.06 miles away
- 1002 N Wood Street
Chicago, IL$1,499,000
3.24 miles away
- 2123 W Division Street
Chicago, IL$1,499,000
3.69 miles away
- 1118 W Fullerton Avenue
Chicago, IL$1,499,000
4.23 miles away
- 1327 W Washington Boulevard #102B
Chicago, IL$1,495,000
2.06 miles away
- 515 N Halsted Street
Chicago, IL$1,450,000
1.27 miles away
- 1140 W Taylor Street
Chicago, IL$1,425,000
1.57 miles away
- 3121 W Augusta Boulevard
Chicago, IL$1,400,000
4.60 miles away
- 819 N California Avenue
Chicago, IL$1,399,000
4.12 miles away
111 N Wabash Avenue #810-2102-2103
Chicago, IL
LIGHTBOX-IMAGES
