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 $2,310,000.

Contacts

broker

Charles Kirkwood

Coldwell Banker Real Estate Group

(630) 715-5714

Property Details

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 for a fee. 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.

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Highlights

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

Getting around

  • 99/100

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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

  • Washington/Wabash

    0.05 miles

  • Millennium Station

    0.08 miles

  • Lake

    0.13 miles

  • State/Lake

    0.19 miles

  • Washington

    0.19 miles

  • Monroe

    0.21 miles

  • Adams/Wabash

    0.27 miles

  • Clark/Lake

    0.32 miles

  • Jackson

    0.38 miles

  • Washington/Wells

    0.42 miles

  • Tesla Supercharger

    0.37 miles

  • BP

    0.56 miles

  • BP

    0.76 miles

  • Shell

    1.10 miles

  • BP

    1.14 miles

  • Tesla Supercharger

    1.23 miles

  • Mobil

    1.33 miles

  • Citgo

    1.36 miles

  • Shell

    1.43 miles

  • Shell

    1.96 miles

  • Grant Park North Garage

    0.13 miles

  • Prudential Plaza

    0.20 miles

  • Theater District Self Park

    0.22 miles

  • Millennium Garage

    0.23 miles

  • Government Center Self Park

    0.27 miles

  • Park Millennium

    0.29 miles

  • Adams-Wabash Self Park

    0.30 miles

  • Millennium Lakeside Garage

    0.36 miles

  • Grant Park South Garage

    0.39 miles

  • Washington-Madison-Wells Self Park

    0.40 miles

  • Manilow Suites at Millennium Park Plaza

    0.12 miles

  • Hotel Julian

    0.12 miles

  • Chicago Athletic Association Hotel

    0.13 miles

  • Hotel Alise

    0.13 miles

  • Silversmith Hotel Chicago Downtown

    0.14 miles

  • The Silversmith Hotel

    0.15 miles

  • The Marquee at Block 37

    0.16 miles

  • University Club of Chicago

    0.17 miles

  • Virgin Hotels Chicago

    0.18 miles

  • Cambria

    0.18 miles

  • Macy's

    0.07 miles

  • Burlington

    0.09 miles

  • Ross

    0.10 miles

  • TJ Maxx

    0.10 miles

  • Target

    0.14 miles

  • Bockwinkel's

    0.30 miles

  • Mariano's Fresh Market

    0.40 miles

  • Nordstrom

    0.54 miles

  • The Shops at North Bridge

    0.56 miles

  • The Merchandise Mart

    0.60 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

(630) 715-5714