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Historic Office Unit
For Lease
$18 SF/Yr

111 N Wabash Ave Unit 1205, Chicago, IL 60602

Office condominium space with on-site management, shared conference facilities, and building services included in monthly assessments.

Space SizeContact for details
Days on Market22

Property Features for 111 N Wabash Ave Unit 1205

General Information

Standard status Active

Additional Details

Public Transit Yes

Amenities

janitorial services
security
shared conference room
washroom maintenance and cleaning

Building Details

Year Built 1914
Listing Agency: Compass
Listed By: Ann Pancotto · License #475121718
Source: Saladinosells
Added: Aug 10 Changed: Aug 28 Last Checked: Aug 30 at 8:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

Office units are available within the 1914 Garland Building at 111 N. Wabash Avenue. The property supports office, medical, dental, therapy, creative office, legal, nonprofit, and financial users, subject to applicable requirements.

The building occupies the intersection of Wabash Avenue and Washington Street in Chicago’s Loop, next to the Wabash CTA elevated station and near Millennium Park and the Magnificent Mile. On-site management oversees the property. Monthly assessments cover weekday janitorial service, security, shared conference room access, maintenance, and washroom cleaning.

Key Highlights

  • Office units in the 1914 Garland Building
  • 111 N. Wabash Avenue at Washington Street in Chicago’s Loop
  • Adjacent to the Wabash CTA elevated station

Property Analytics

Current Use

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

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Adult Day Care Buffet Pet Grooming Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

39,284
Businesses Nearby

Demographics for 60602, IL

1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size

This space is priced 39% below the average of $29.6 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office condominium space with on-site management, shared conference facilities, and building services included in monthly assessments.
Where is this office units located?
The property is located at 111 N Wabash Ave Unit 1205 Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Office units in the 1914 Garland Building; 111 N. Wabash Avenue at Washington Street in Chicago’s Loop; Adjacent to the Wabash CTA elevated station
More about this property
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