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Furnished Medical Office Suite
For Sale
$200,000

111 N Wabash Ave Unit 1220, Chicago, IL 60602

Dental equipment, private rooms, and a waiting area are included.

Property Size344,000 SF
Price / SF$0.58
Days on Market35

Property Features for 111 N Wabash Ave Unit 1220

General Information

Standard status Active
Size 344,000 SF

Additional Details

Furnished Yes
Public Transit Yes

Amenities

shared conference room
security

Building Details

Year Built 1922
Listing Agency: Compass
Listed By: Ann Pancotto · License #475121718
Source: Grandviewrealtyservices
Added: Jul 27 Changed: Aug 28 Last Checked: Aug 30 at 7:06PM

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 medical office suite in the historic Garland Building is furnished and includes equipment for a dental practice. The layout provides a waiting room, private bathroom, private offices, and a work room, along with 3 dental chairs. The building dates to 1922, and management and ownership are present on site.

Located at 111 N Wabash Ave in downtown Chicago’s Loop, the property occupies the corner of Wabash Avenue and Washington Street. The Wabash CTA elevated rail station is adjacent to the building, while Millennium Park and Chicago’s Magnificent Mile are within steps. Monthly assessments cover janitorial service five days per week, security, use of a shared conference room, maintenance, and washroom cleaning.

Key Highlights

  • Furnished medical office suite with dental equipment included
  • Waiting room, private bathroom, private offices, and work room
  • 3 dental chairs included

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.

Location Intelligence

Trade Area within ½ mile

39,284
Businesses Nearby
Balanced
Demand for This Use

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

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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Dental equipment, private rooms, and a waiting area are included.
Where is this medical office space located?
The property is located at 111 N Wabash Ave Unit 1220 Chicago, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Furnished medical office suite with dental equipment included; Waiting room, private bathroom, private offices, and work room; 3 dental chairs included
More about this property
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