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111 N Wabash Avenue - Garland Building - Garland Building, Chicago, IL

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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:1,359 SF Largest Space:1,367 SF Total Space Avail:13,666 SF Rent/SF/Yr:
$32.00 - $37.00
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
 2nd
1,359 SF
$32.00/SF/Yr
Vacant
Negotiable
Office
 16th
1,367 SF
$37.00/SF/Yr
01/2018
Negotiable
Office
 
11633356
11742736
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
1,359 SF
$32.00/SF/Yr
Vacant
Negotiable
Office
16th
1,367 SF
$37.00/SF/Yr
01/2018
Negotiable
Office
Condos For Sale:
Floor
Suite
Unit SF
Price
Space Use
  8th
801
920 SF
$275,000
Office
  8th
818
1,515 SF
$362,686
Office
  9th
908
1,692 SF
$364,461
Office
  9th
912
1,534 SF
$264,988
Office
  19th
1909
1,925 SF
$287,442
Office
  20th
2018
1,696 SF
$395,000
Office
  Portfolio  
-
3,362 SF
$546,382
Office
 
3004972
2227122
2446112
2088842
124436
2825626
2523315
Floor Plan
  
Marketing Flyer Marketing Flyer  
Condo Notes Condo Notes


Floor
Suite
Unit SF
Price
Space Use
8th
801
920 SF
$275,000
Office
8th
818
1,515 SF
$362,686
Office
9th
908
1,692 SF
$364,461
Office
9th
912
1,534 SF
$264,988
Office
19th
1909
1,925 SF
$287,442
Office
20th
2018
1,696 SF
$395,000
Office
Portfolio
-
3,362 SF
$546,382
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.


Chicago Real Estate Resources
  
Willard Jones Real Estate LLC

Chicago Real Estate Resources
  
L.J. Sheridan & Co.

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