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111 N Wabash Avenue , #2122

Chicago, IL 60602
  • $217,500
  • STATUS: Active
  • ON SITE: 364 Days
  • MLS #: 11192876
UPDATED: 41 min ago
$217,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1922
County:
Area:

School Ratings & Info

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: 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.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-18T19:01:35.333 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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111 N Wabash Avenue , #2122 Chicago, IL 60602

  • Price: $217,500
  • Status: Active
  • On Site: 364 Days
  • Updated: 41 min ago
  • MLS #: 11192876
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1922
Built
Neighborhood:
Chi - Loop
County:
Cook
Area:
Chi - Loop
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: 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.
Exterior Features

Exterior Building Type BrickLimestone Parking Total 0

Interior Features

Cooling Window Unit(S) Heat Ventilation Central Bldg HeatGas Number Of TLDocks 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 341000 Built Before1978 YN Yes Electric Circuit BreakersService - 201 To 600 Amps Fire Protection Alarm Monitored Geographic Locale Downtown Chicago Gross Income 27924 Gross Scheduled Income 27924 Leasable Area 779 Mls Actual Status Active Net Operating Income 19340 Operating Expense 8584 Property Offered For Sale Only Tax Annual Amount 6450 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityOperating StopsTaxes Total Monthly Income 2327 Township Lake Type Office/Tech Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-18T19:01:35.333 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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43 E Crystal Lake Ave
Crystal Lake IL, 60014