111 N Wabash Avenue 810-2102-2103-1114-1116, Chicago, IL, 60602

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$3,410,000
348 Days On Site

111 N Wabash Avenue 810-2102-2103-1114-1116
Chicago, IL 60602

For Sale|Office|Active
0
Beds
0
Full Baths
0
Partial Baths
259,000
SqFt
$13
/SqFt
1922
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Real Estate Group

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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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Listing Snapshot
Price 
$3,410,000
Days On Site 
348 Days
Bedrooms 
N/A
Inside Area (SqFt) 
259,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1922
MLS® Number 
11954596
Status 
Active
Property Tax 
$72,180
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
5 months agoStatus changed to Active
5 months agoPrice changed to $3,410,000
11 months agoListing first seen on site
General Features
Number Of Stories 
22
Property Sub Type 
Office
SqFt Total 
259000
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Community Features
MLS Area 
CHI - Loop
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Real Estate Group



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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