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Furnished Medical Office Suite
For Sale
$69,000

111 N Wabash Avenue #1221, Chicago, IL 60602

Move-in-ready suite includes a reception area, private offices, a sink, and two separate entrances.

Property Size344,000 SF
Price / SF$143.75
Days on Market378

Property Features for 111 N Wabash Avenue #1221

General Information

Standard status Active
Size 344,000 SF
Property subtype Commercial

Additional Details

Furnished Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $2,350

Amenities

shared conference room

Building Details

Building Size 344,000 SF
Year Built 1922
Buildings 1
Stories 22
Tenancy Multi
Listing Agency: Compass
Listed By: Ann Pancotto · License #475121718
Source: Cavanaghrealty
Added: Aug 18, 2025 Changed: Aug 28 Last Checked: Aug 29 at 10:17AM

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 furnished medical office suite is configured with a waiting room, therapist office, private office, sink, and two private entrances. The space was previously used as a therapist office and is suited to a medical or professional practice seeking an established interior layout.

The suite is located at 111 N Wabash Ave in Chicago’s Loop within the historic Garland Building, completed in 1922. The property is positioned at Wabash Avenue and Washington Street, adjacent to the Wabash CTA elevated rail station and near Millennium Park and the Magnificent Mile. On-site management and ownership support the building, while monthly assessments include janitorial service five days per week, security, shared conference room access, maintenance, and washroom cleaning.

Key Highlights

  • Furnished medical office suite with waiting room and two private offices
  • Two private entrances and an in‑suite sink
  • Previously configured for a therapist office

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

Multi-tenant
Tenancy

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Move-in-ready suite includes a reception area, private offices, a sink, and two separate entrances.
Where is this medical office space located?
The property is located at 111 N Wabash Avenue #1221 Chicago, IL.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Furnished medical office suite with waiting room and two private offices; Two private entrances and an in‑suite sink; Previously configured for a therapist office
More about this property
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