For Sale
$2,310,000

111 N Wabash Avenue 1114-1116 Chicago, IL 60602

259,000 SF 2 Units Portfolio For Sale

Source: https://www.cbcworldwide.com

Overview

Added:
Apr 9
Days on market:
8
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. Call for a copy of the rent roll.

Property Details for 111 N Wabash Avenue 1114-1116

Sale Condition
1031-exchange
Property type
Investment properties, Office properties
Square Feet
259,000 SF
Buildings
1
Stories
22
Elevators
Yes
Lot Size (sq. ft)
259,000 SF

Location Insight

City
Chicago
County
State
Illinois

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FAQs

What type of property is this?
Investment property - 259,000 SF 2 Units Portfolio For Sale
Where is the investment property located?
The property is located at 111 N Wabash Avenue 1114-1116 Chicago, IL.
What is the asking price?
The asking price for this property is $2,310,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Charles Kirkwood
Visit Broker Website

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111 N Wabash Avenue 1114-1116
Chicago, IL 60602

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Chicago, IL 60602

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

111 N Wabash Avenue 1114-1116
  • Charles Kirkwood
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(630) 715-5714

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