Skip To Content

    111 N Wabash Avenue , #2120

    Chicago, IL 60602
    • $150,000
    • STATUS: Active
    • ON SITE: 206 days
    • MLS #: 10909949
    UPDATED: 45 min ago
    $150,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 341,000
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    PLEASE NOTE: THIS UNIT HAS BEEN LEASED THROUGH 11/30/23. 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 through 7/31/21 & 3/31/25 respectively. Unit #s: 2119, 2120 & 2122 are also contiguous and offer commanding views of Millennium Park and Lake Michigan. 2119 is available for lease, 2122 is leased through 4/30/21 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 $680,000. Individually, the price are: Unit # 1420 is $105,000, #1422 is $130,000, #2119 is $125,000, #2120 is $150,000 and #2122 is $170,000.Units #2119 & 2120 are available for lease at $ 2,497 and $2,924 per month respectively.

    Monthly Payment Calculator



    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T06:58:14.8 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
    www.anirealestate.com/homes/111124551
    Print Image

    111 N Wabash Avenue , #2120 Chicago, IL 60602

    • Price: $150,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 10909949
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    341,000
    SQFT
    $0
    $/SQFT
    1922
    Built
    Neighborhood:
    Chi - Loop
    County:
    Cook
    Area:
    Chi - Loop
    Property Description
    PLEASE NOTE: THIS UNIT HAS BEEN LEASED THROUGH 11/30/23. 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 through 7/31/21 & 3/31/25 respectively. Unit #s: 2119, 2120 & 2122 are also contiguous and offer commanding views of Millennium Park and Lake Michigan. 2119 is available for lease, 2122 is leased through 4/30/21 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 $680,000. Individually, the price are: Unit # 1420 is $105,000, #1422 is $130,000, #2119 is $125,000, #2120 is $150,000 and #2122 is $170,000.Units #2119 & 2120 are available for lease at $ 2,497 and $2,924 per month respectively.
    Exterior Features

    Number Of Drive In Doors 0 Number Of TLDocks 1 Parking Total 0

    Interior Features

    Cooling Window Unit(S) Electric Circuit Breakers201-600 Amps Fire Protection Alarm Monitored Heat Ventilation Central Bldg HeatGas Leasable Area 697

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Existing Lease Type Modified Gross Expense Year 2020 Exterior Building Type BrickGlassStone Geographic Locale Downtown Chicago Gross Income 0 Gross Rentable Area 697 Gross Scheduled Income 0 Investment YN Yes Lot Size Dimensions 133 X 122 Min Avail Sq Ft Rentable 697 Net Operating Income Year 0 Net Rentable Area 697 Operating Expense 10380 Property Offered For Sale Or Rent Tax Annual Amount 5790 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityOperating StopsTaxesInsurance Total Actual Rent 2924 Total Monthly Income 0 Unincorporated YN No Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Srfg, Inc.


    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T06:58:14.8 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
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10909949-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10909949-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10909949-2.jpg
    Logo
    Ani Real Estate
    605 N Michigan, 4th Floor
    Chicago IL, 60611