Property for Sale: 111 N Wabash #810-2102-2103, Chicago, IL 60602
$1,100,000
$1,100,000
111 N Wabash #810-2102-2103,
Chicago, IL 60602
$1,100,000
Price:
$1,100,000
$90,000 - 07/11/2024
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 1922
City Chicago
County Cook
MLS 11955198
Status Active
Don't miss this 100% leased investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 3 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 7.27% 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 dentistry professionals with significant lease term remaining. One of the tenants has a lease in place until 2033 and the other is in place until 2028. Both leases feature 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 for a fee. Call for a copy of the rent roll. See MLS #11955091 for Units 1114-1116 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.
Lot & Building Features
Cooling Central Air
Tax Year 2022
Lot Dimensions 0 ft
Price History of 111 Wabash, Chicago, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 07/11/2024 | Price Adjustment | $1,100,000 | 7.56% |
| 12/31/1969 | Listing Price | $1,190,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Coldwell Banker Real Estate Group, Charles Kirkwood
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111 Wabash (MLS #11955198) is a commercial listing located in Chicago, IL. This property was listed on 01/09/2024 and has been priced for sale at $1,100,000.
Nearby zip codes are 60409, 60601, 60603, 60611 and 60628. This property neighbors other cities such as Calumet City.
 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Coldwell Banker Real Estate Group |