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Historic Office Unit
For Lease
$18 SF/Yr

111 N Wabash Avenue #1212, Chicago, IL 60602

Shared building amenities include weekday janitorial service, security, and an on-site management team.

Space SizeContact for details
Days on Market178

Property Features for 111 N Wabash Avenue #1212

General Information

Standard status Active

Space & Availability

Space Use Office
Sublease No

Additional Details

Lease Term 12 months
Public Transit Yes

Amenities

shared conference room
janitorial services
security
maintenance and cleaning of washrooms

Building Details

Year Built 1917
Stories 22
Listing Agency: Compass
Listed By: Ann Pancotto · License #475121718
Source: Birdrealtysells
Added: Feb 26 Changed: Aug 13 Last Checked: Aug 22 at 2:22PM

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.

This office unit is located within the Historic Garland Building, a 1917 property at 111 N. Wabash Avenue. The space is positioned for office, medical, dental, therapy, creative office, legal, nonprofit, or financial use, subject to applicable requirements.

The building occupies the corner of Wabash Avenue and Washington Street in downtown Chicago’s Loop. The Wabash CTA elevated rail station is adjacent, while Millennium Park and the Magnificent Mile are within steps of the property. Building operations include on-site management and ownership, weekday janitorial service, security, maintenance, washroom cleaning, and access to a shared conference room.

Key Highlights

  • Office unit in the Historic Garland Building, constructed in 1917
  • 111 N. Wabash Avenue at the corner of Wabash Avenue and Washington Street
  • Adjacent to the Wabash CTA elevated rail station in Chicago’s Loop

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

$29.31 /SF/Yr
Avg Asking Price
$6.8–$133 /SF/Yr
Price Range
13,714 SF
Avg Space Size

This space is priced 39% below the average of $29.31 /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 - Shared building amenities include weekday janitorial service, security, and an on-site management team.
Where is this office units located?
The property is located at 111 N Wabash Avenue #1212 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 unit in the Historic Garland Building, constructed in 1917; 111 N. Wabash Avenue at the corner of Wabash Avenue and Washington Street; Adjacent to the Wabash CTA elevated rail station in Chicago’s Loop
More about this property
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