Property for Sale: 50 E Washington, Chicago, IL 60602

$635,502
$635,502
50 E Washington, Chicago, IL 60602
$635,502
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Price:
$635,502

Type Commercial
Year Built 1914

City Chicago
County Cook

MLS 11891315
Status Active
A 12,386 square foot turn-key condominium situated on the northeast corner of Wabash Avenue and Washington Street in the Jewelers Row District. Located on the third floor, the suite is built-out with high-end finishes and benefits from incredible unobstructed views of Lake Michigan, Millennium Park, and the city. The unit has been improved with numerous offices, conference rooms, a kitchen and is in move-in condition. Because the space can be easily sub-divided, this is the perfect opportunity for a user or investor. There is also the potential for SBA financing which offers low interest rates and favorable terms. The unit is part of the historic 21-story Garland Building, which was constructed in 1914 and contains 259,000 square feet of commercial space and has approximately 170 units. The property continues to sustain high occupancy levels with stable long-term tenants from the medical, dental, financial, legal and non-profits sectors. On-site valet parking is available. The East Loop submarket is a highly desirable location due to its proximity to government buildings, restaurants, shopping, entertainment and other amenities. Specifically, this high visibility location is just a few blocks away from Millennium Park and has easy access to public transportation, parking and expressways. This busy corridor benefits from the high traffic and foot counts.

Lot & Building Features

Cooling Central Air
Tax Year 2021
Lot Dimensions 259000 ft

Price History of 50 Washington, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $635,502 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Peggie Grossman
Direct: 773-273-0050
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Millennium Properties RE, Inc., Susan Silver
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6.75%
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50 Washington (MLS #11891315) is a commercial listing located in Chicago, IL. This property was listed on 12/26/2023 and has been priced for sale at $635,502.

Nearby zip codes are 60409, 60601, 60603, 60619 and 60628. This property neighbors other cities such as Calumet City.

Midwest Real Estate Data

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: Millennium Properties RE, Inc.