111 N Wabash Ave

111 N Wabash Ave, Chicago, IL 60602

  • For Sale $2,310,000
  • Property Type Office
  • # of Floors 9
  • Date Updated Apr 25, 2024
  • Website www.cbcworldwide.com
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

Contacts

broker

Charles Kirkwood

Coldwell Banker Real Estate Group

(630) 715-5714

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Heaven on Seven

    0.01 miles

  • Subway

    0.01 miles

  • McDonald's

    0.03 miles

  • Dunkin'

    0.05 miles

  • Oasis Cafe

    0.05 miles

  • Remington’s

    0.07 miles

  • Ryo Sushi

    0.09 miles

  • Frontera Fresco

    0.10 miles

  • Popeyes

    0.10 miles

  • Chicago Kernel

    0.10 miles

  • Cortiva Institute

    0.07 miles

  • Illinois Institute of Art

    0.14 miles

  • National College of Education Urban Campus

    0.15 miles

  • Harold Washington College

    0.19 miles

  • DePaul University (the Loop Campus)

    0.38 miles

  • School of the Art Institute of Chicago

    0.39 miles

  • John Marshall Law School

    0.40 miles

  • GEMS World Academy

    0.42 miles

  • Roosevelt University

    0.51 miles

  • Robert Morris University

    0.51 miles

  • Bright Horizons

    0.47 miles

  • Cornerstone Children's Learning Center

    1.39 miles

  • The Goddard School

    1.95 miles

  • Taylor Tots

    2.13 miles

  • Adams Street Child Care Center

    2.62 miles

  • New Zion Childcare Academy

    2.83 miles

  • North Avenue Day Nursery

    3.21 miles

  • Rainforest Pre-School & Infant Center

    4.80 miles

  • La Escualita Daycare

    5.19 miles

  • Little Bird Prep

    5.27 miles

Frequently Asked Questions

What is the lease rate for 111 N Wabash Ave?

Rental asking rate at 111 N Wabash Ave is $1,155,000.00/YR.

What is the total square footage of 111 N Wabash Ave?

111 N Wabash Ave totals 259,000 square feet.

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Contact Listing Broker

broker

Charles Kirkwood

Coldwell Banker Real Estate Group

(630) 715-5714