111 North Wabash Avenue, Unit 1420Chicago, IL 60602Price: $130,000

  • Price: $130,000
  • 62 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 341,000Square Feet
  • 1922Year Built

Listing Tools

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: MTM & 3/31/25 respectively. Unit #s: 2119, 2120 & 2122 are also contiguous and offer commanding views of Millennium Park and Lake Michigan. 2119 is leased through 10/31/23, 2122 is MTM 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 $853,750. Individually, the price are: Unit # 1420 is $130,000, #1422 is $162,500, #2119 is $156,250, #2120 is $187,500 and #2122 is $217,500.

Driving Directions

Property Details

Other Details

Listed by Scott Siegel of SRFG,Inc

Based on information submitted to MRED  as of October 19, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: