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    111 N Wabash Avenue , #1420

    Chicago, IL 60602
    • $105,000
    • STATUS: Active
    • ON SITE: 177 days
    • MLS #: 10909945
    UPDATED: 54 min ago
    $105,000
    • 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

    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.

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    © 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T19:52:54.053 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 , #1420 Chicago, IL 60602

    • Price: $105,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 10909945
    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
    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

    Construction Materials Concrete Location Central Business District Number Of Drive In Doors 0 Number Of TLDocks 1 Parking Total 0

    Interior Features

    Cooling Window Unit(S) Electric 101-200 Amps Fire Protection Alarm On Site Heat Ventilation Central Bldg Heat Leasable Area 697

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 11 Expense Year 2019 Exterior Building Type BrickStoneLimestone Geographic Locale Downtown Chicago Gross Income 1489 Gross Scheduled Income 17868 Lot Size Dimensions 132 X 222 Min Avail Sq Ft Rentable 598 Net Operating Income Year 2020 Operating Expense 6667 Property Offered For Sale Only Tax Annual Amount 4717.29 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityTaxesTax Stops 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T19:52:54.053 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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    Rossi and Taylor Realty Group
    8025 Wicker Avenue
    St John IN, 46373