$3,410,000

111 N Wabash Avenue 810-2102-2 , Chicago, IL 60602

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:259,000 sqft
Lot:Unknown
Year Built:1922
Listing Status:Active

Listing Agent

Charles Kirkwood
http://www.cbhonig-bell.com
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Description

Don't miss this portfolio investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 5 units that are diversified under 4 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 7.3 cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are all well established medical businesses with significant lease term remaining. One significant tenant 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. See MLS #11955091 for Units 1114-1116 or MLS #11955198 for Units 810, 2102 and 2103.

Detailed Items

Other Information

111 N Wabash Avenue, Chicago, IL, 60602 is a commercial sale listing of 259,000 sqft on a lot of Unknown. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property111 N Wabash Avenue, Chicago, IL
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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