111 N Wabash Ave

For Sale

111 N Wabash Ave, Chicago, IL 60602

This Chicago property for sale is located at 111 N Wabash Ave. The current listed sale price for 111 N Wabash Ave is $3,410,000.

Contacts

broker
Charles Kirkwood

Coldwell Banker Real Estate Group

Property Details

  • Property Type Office
  • Additional Rent Contact for pricing
  • # of Floors 22
  • Date Updated Dec 22, 2024
Don't miss this portfolio investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 5 units that are diversified under 4 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 7.3 cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are all well established medical businesses with significant lease term remaining. One significant tenant 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 #11955091 for Units 1114-1116 or MLS #11955198 for Units 810, 2102 and 2103.
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Highlights

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

Getting around

  • 99/100

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  • 100/100

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  • 81/100

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Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Charles Kirkwood

Coldwell Banker Real Estate Group