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    111 N Wabash Ave Chicago, IL 60602

    For Sale
    $219,000

    Medical,Office - Chicago, IL

    Property size:
    259,000 SF
    Days on Market:
    322
    Last Refresh:
    Dec 13 at 12:06 am

    Property Features for 111 N Wabash Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OFFIC
    APN
    17103090161113
    Size
    259,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1917
    Building materials
    Brick, Glass, Stone
    Architectural style
    Other

    Compass Real Estate

    Listing agent Gabriela Chawla (630) 974-6750 License #475179044

    Listing date Jan 26, 2025

    MLS# 12274744 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Garland Building Commercial Condo

    Located in the Garland Building at 111 N. Wabash in downtown Chicago, this commercial condominium offers 2,800 square feet of space on the sixteenth floor. The property is situated at the intersection of Wabash Avenue and Washington Street, adjacent to the Wabash CTA elevated rail station, and near Chicago's Magnificent Mile and Millennium Park. The flexible layout is suitable for various uses, including medical offices, legal practices, creative studios, non-profits, or financial services. This property offers an opportunity to customize the space and position a business for long-term success and growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lakefront Dental Spa Dentist GenEx DNA Testing ... Paternity Testing Service Dr. Michael B. ... Dentist Marcus Dental Practice Dentist Chicago Family Dental ... Dental Clinic

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Heartland Veterinary Partners, Partners Animal Hospital South Loop, Veterinarian Services, K9 Bytes, Inc., American Veterinary Med Associates

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6257364
    Latitude
    41.8834737

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    FAQs

    What type of property is this?
    Medical office - Prime downtown Chicago location with customizable 2,800-square-foot space.
    Where is this medical office located?
    The property is located at 111 N Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - Prime downtown Chicago location in the iconic Garland Building at 111 N. Wabash.; - 2,800-square-foot commercial condominium offering flexible layout for various business types.; - Unparalleled connectivity with direct access to the Wabash CTA elevated rail station.
    (630) 974-6750
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    Chicago, IL 60602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 N Wabash Ave Chicago, IL 60602
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