Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60602
Wabash
111
Avenue
W88° 22' 32.1''
N41° 52' 32''
Wabash between Randolph and Washington on the East side
CHI - Loop
CHI - Loop
N
N
810-2102-2103-1114-1116
Additional Information
259000
Circuit Breakers
Circuit Breakers
5
5
3500000
22
Coldwell Banker Real Estate Group
Charles Kirkwood
Financial
72180
Listing Information
8131
771
MRED
Listing Information
Active
2025-02-01T01:53:01Z
2024-07-18T05:22:20Z
Property Description

Don’t miss this portfolio investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 5 units that are diversified under 4 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 7.3 cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are all well established medical businesses with significant lease term remaining. One significant tenant 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. Call for a copy of the rent roll. See MLS #11955091 for Units 1114-1116 or MLS #11955198 for Units 810, 2102 and 2103.

Commercial Sale For Sale

, Chicago, Cook County, Illinois 60602, USA

$3,410,000
Listing ID#11954596
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11954596
Price : $3,410,000
Year Built : 1922
Listing Status : Active
Property Sub Type : Office
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