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Medical Suite in Chicago Loop

111 N Wabash Suite 620 Chicago, IL 60602

Claim this Listing
For Sale
$3,500,000

Turn-key medical suite in the heart of Chicago's Loop.

Type:Office
Property size:
11,000 SF
Price / SF:
$318/SF
Added:
May 19, 2026
Days on Market:
54
Last Refresh:
Jul 5 at 9:19 pm

Property Features for 111 N Wabash Suite 620

General Information

Standard status
Active
Size
11,000 SF
Property subtype
Office

Listing office Joseph Rossi & Associates, Inc (JRA) - Corporate

Listing date May 19, 2026

Source Jrossiandassociates

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 Joseph Rossi & Associates, Inc (JRA) - Corporate


Investment Insights

Based on property information with market context.

Located in the heart of Chicago’s Loop, this medical suite is situated within the Garland Building. The 11,000 square-foot space is fully built-out and divided into a primary care clinic and a fully equipped imaging center. It offers a turn-key environment suitable for healthcare users seeking a high-acuity setting. The layout allows for immediate occupancy or flexible reconfiguration.

Key Highlights

  • Fully built‑out medical suite, ready for immediate occupancy.
  • Located in the heart of Chicago's Loop.
  • Includes both a primary care clinic and a fully equipped imaging center.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $422.4k $38.40
− Vacancy −$107.7k −$9.79
EGI $314.7k $28.61
− OpEx −$78.7k −$7.15
NOI $236.0k $21.46
11,000 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.37M
$2.95M – $3.93M (±1% cap)
NOI $236,016 @ 7.0% cap · market cap 6.74%
Second Best
Healthcare Medical
$2.08M
$1.82M – $2.43M (±1% cap)
NOI $145,728 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$5.19M
$4.54M – $6.05M (±1% cap)
NOI $363,053 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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

(Bike/Boat/Book/etc) Store Butcher Adult Day Care Buffet Pet Grooming Service Clothing & Fashion Store Nursing Home Tanning Salon Nursing Home Clothing & Fashion Store

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

Similar Off Market Nearby

  • Heartland Veterinary Partners — 10 South LaSalle, Suite 2120, Chicago, IL 60603
  • Partners Animal Hospital South Loop — 550 S Dearborn St, Chicago, IL 60605
  • Veterinarian Services — 209 S La Salle St, Chicago, IL 60604
  • K9 Bytes, Inc. — 205 W Wacker Dr STE 1320, Chicago, IL 60606
  • American Veterinary Med Associates — 55 E Jackson Blvd # 700, Chicago, IL 60604

FAQs

What type of property is this?
Medical Office Space - Turn-key medical suite in the heart of Chicago's Loop.
Where is this medical office space located?
The property is located at 111 N Wabash Suite 620 Chicago, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully built‑out medical suite, ready for immediate occupancy.; Located in the heart of Chicago's Loop.; Includes both a primary care clinic and a fully equipped imaging center.
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