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Kristine Chen Frost
312-933-1894312-933-1894

111 N Wabash Avenue, Unit Number 1422, Chicago, IL 60602 (MLS # 10909948)

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PRICE $130,000
SIZE n/a
LOT SIZE n/a

We are pleased to present an exceptional, cash-flowing investment (11% cap rate) or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago. At 111 N. Wabash, five commercial condominium units (three occupied) have become available for purchase; two also for lease. Unit #s:1420 & 1422 are contiguous and have leases in-place through 7/31/21 & 3/31/25 respectively. Unit #s: 2119, 2120 & 2122 are also contiguous and offer commanding views of Millennium Park and Lake Michigan. 2119 & 2120 are available for lease and 2122 is leased through 4/30/21. The Garland is CTA-Adjacent with direct access to all EL Lines & Multiple Bus Routes. Retail co-tenants are Staples Office Supplies and Subway Sandwich Shop. 111 N. Wabash is the perfect location for any small business and a commercial condominium is the best way to manage the occupancy costs for every business. The units are available individually or in-bulk. The price for all 5 is $680,000. Individually, the price are: Unit # 1420 is $105,000, #1422 is $130,000, #2119 is $125,000, #2120 is $150,000 and #2122 is $170,000. Units #2119 & 2120 are available for lease at $ 2,497 and $2,924 per month respectively.

DAYS ON MARKET Login to view Days on Market LAST UPDATED Login to view Last Updated
YEAR BUILT Login to view Year Built COMMUNITY Loop
COUNTY Cook STATUS Active
PROPERTY TYPE(S) Office/Tech


ADDITIONAL DETAILS
AIR CONDITIONING Window Unit/s
ARE ANY PROPERTY PHOTOS VIRTUALLY STAGED? No
BUILT BEFORE 1978 (Y/N) Yes
ELECTRICAL SERVICE 201-600 Amps, Circuit Breakers
EXTERIOR BUILDING TYPE Brick, Stone
FIRE PROTECTION Alarm Monitored
GEOGRAPHIC LOCALE Downtown Chicago
HEAT/VENTILATION Central Bldg Heat
INFORMATION 24-Hr Notice Required, List Broker Must Accompany
LEASABLE AREA UNITS Square Feet
LEASE TYPE N/A
LISTING TYPE Exclusive Right To Sell
LOT DIMENSIONS 133 X 122
MANAGING BROKER (Y/N) Yes
PARCEL IDENTIFICATION NUMBER 17108090161100
POTENTIAL USE Condominium, Office and Research
PROPERTY OFFERED For Sale Only
PROPERTY TYPE Office/Tech
STATUS Active
TAXES 5720
TAXES YEAR 2019, 2019
TENANT PAYS Air Conditioning, Common Area Maintenance, Electric, Insurance, Operating Stops, Real Property Taxes
TOTAL ANNUAL EXPENSE SOURCE Actual
UNINCORPORATED (Y/N) No


99 Walker's Paradise



 
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