Brian Standish - Commercial Real Estate Showcase

Brian Standish Property Listings
Vice President
Willard Jones Real Estate LLC
123 W Madison St
Suite 402
Chicago, IL 60602-4511


DetailMap
111 N Wabash Avenue - Garland Building - Garland Building

NEC
Chicago, IL 60602 - East Loop Submarket


Property Type:Office Sub Type:- Status:Existing , Renov 2005 Year Built:1914
Stories:21 Typical Floor:15,000 SF Building Size:259,000 SF
% Leased:
For Sale Price:Condo (see detail) Price/SF:For Sale
Cap Rate:-
Smallest Space:249 SF Largest Space:1,359 SF Total Space Avail:12,802 SF Rent/SF/Yr:
$32.00 - $33.73
Condos:This property has 7 condos for sale. The size of the for sale condos range from 920 SF to 1,925 SF. Amenities:24 Hour Availability, Bus Line, Commuter Rail, Conferencing Facility, Convenience Store, Metro/Subway, On Site Management, Restaurant, Security System, Signage, Energy Star Labeled


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 20th
249 SF
$33.73/SF/Yr
Vacant
1-5 yrs
Office
 20th
254 SF
$32.83/SF/Yr
Vacant
Negotiable
Office
 
10779085
10801749
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
20th
249 SF
$33.73/SF/Yr
Vacant
1-5 yrs
Office
20th
254 SF
$32.83/SF/Yr
Vacant
Negotiable
Office
High visibility building with easy access for loading. Some spaces have lake views. Heaven on Seven restaurant on-site. Across from Macy's. Convenient to public transportation and State Street and Michigan Avenue. Pedestrian traffic count, 35,000+ per day. Valet Parking Available. Loading dock. Recent $4M capital improvement package. Stable medical tenancy. Located in Chicago's State and Wabash Corridor

50 E Washington St is the address for the separate entrance. 50 E Washington St services the 2-5 floors.

This building was awarded an Energy Star label in 2016 for its operating efficiency.

Sale Notes:
Suite 201 is arguably the nicest available medical space for sale in downtown Chicago. Expansive 12,000sq feet and 20 exam rooms in the landmark Garland Building. Currently partially occupied by owner-user Dermatologist who is open to moving or leasing back. This "Retail-Medical" condo was previously a Lane Bryant women's store redeveloped in 2008 as a Class A medical office space. It's permissible to place signs in the large 2nd Floor windows over heavily trafficked Washington & Wabash Streets, which is one of it's biggest selling points. Flexible to meet the needs of any medical practice from an urgent care center, dentist, podiatrist, orthopedics, GI, optometrist, dermatologist or health system.

Situated on the corner of a new $74M "L" public transportation station. The 5th busiest station in Chicago.

50 yards from the world famous "Bean" in Millennium Park. Own a prestigious medical condo in the bustling, fun and ever appreciating business / tourist section of the East Loop.
Highlights
Very rare opportunity to place large company signs in the Loop, which saves thousands per month in advertising. Proven walk in traffic over the years. 50 yards from the iconic Bean at Millennium Park. Open, modern, sunny Class A medical space. Buy and lease out to other medical practices if need be. 3,000sq feet of storage space could also be built out for additional exam rooms or office space.


Willard Jones Real Estate LLC
  
Thomas J Ward, DDS


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