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Commercial For Sale
111 N Wabash Avenue 1114-1116
Chicago, Illinois 60602
Cook CountyCommunity:
$2,310,000
0 br, 0.0 bath
259000 sq. ft.
0.000 acres
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 for a fee. Call for a copy of the rent roll. See MLS #11955198 for Units 810, 2102, 2103 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 259000
- Year Built: 1922
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof:
- Property Taxes: $31,715
- MLS #: 11955091
- Unit Number: 1114-1116
Contact Information:
Call now 1-855-943-4259 |
Listing Agent: Charles Kirkwood, Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell), 815-553-2406, 815-553-2406
Listing Site, Listing Status: Active
Copyright © 2024 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.
Copyright © 2024 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.
Ad Number: 4495988
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Updated: Jan 09, 2024