Views - Eco Friendly
Address
111 N Wabash Avenue # 2119 Chicago, IL
Price
$ 125,000
Property Attributes
  • MLS#10909947
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Loop
  • NeighborhoodThe Loop
  • Zip60602
  • Style
  • Year Built1922
  • Taxes$ 4910
  • Price$ 125,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage341000
Listing Provided Courtesy Of:
SRFG, Inc
Data Source:
Midwest Real Estate Data LLC
Property Description

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 is available for lease, 2122 is leased through 4/30/21 and 2120 is leased through 11/30/23. 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.

Price History
10/17/2020 Listed $125,000

General Features

Construction Materials Concrete, Steel Siding, Stone
Cooling Window Unit(s)
Electric Circuit Breakers, 201-600 Amps
Property Type Office/Tech
Property Type Commercial Sale
Standard Status Active
Stories 21
Tax Annual Amount 4910
Township Lake
Zoning COMMR

Exterior Features

Building Area Total 341000
Exterior Brick, Stone
Lot Dimensions 133 X 122
Lot Size Square Feet 16226

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60602

Price
AVG $190K
$130K
Taxes
AVG $10,940
$4,910
Visits
AVG 82
82
Year Built
AVG 1919
1922
Walkscore
AVG 99
99
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.