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
1114-1116
Additional Information
259000
Circuit Breakers
Circuit Breakers
2
2
22
Coldwell Banker Real Estate Group
Charles Kirkwood
Financial
31715
Listing Information
8131
771
MRED
Listing Information
Active
2024-08-17T08:30:40Z
2024-01-15T06:05:53Z
Property Description

Don’t miss this investment opportunity in the iconic and historic Garland building. This is a great 1031 exchange opportunity. The portfolio consists of 2 units that are diversified under 2 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 6.73% cap rate at the list price. With predetermined rent escalations built into the leases the return will increase over time. The tenants are well established medical businesses with significant lease term remaining. One of the tenants 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 for a fee. Call for a copy of the rent roll. See MLS #11955198 for Units 810, 2102, 2103 or MLS #11954596 for Units 810, 2102, 2103, 1114 and 1116 combined.

Commercial Sale For Sale

, Chicago, Cook County, Illinois 60602, USA

$2,310,000
Listing ID#11955091
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11955091
Price : $2,310,000
Year Built : 1922
Listing Status : Active
Property Sub Type : Office
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