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111 N Wabash Avenue 810-2102-2 Chicago, IL 60602

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For Sale
$3,410,000

259,000 SF 5 Units Portfolio

Property size:
259,000 SF
Added:
Apr 9, 2025
Days on Market:
373
Last Refresh:
Mar 16 at 9:06 am

Property Features for 111 N Wabash Avenue 810-2102-2

General Information

Standard status
Active
Property type
Other office properties, Office buildings, Other investment properties, Office properties & Spaces, Investment properties
Size
259,000 SF
Class
A
Elevators
Yes
Sale Condition
1031 Exchange

Building Details

Buildings
1
Stories
22
Units
5

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Listing Contact
Charles Kirkwood

Listing agent Charles

Listing office

Listing date Apr 9, 2025


Overview

259,000 SF Portfolio Investment Opportunity

This portfolio investment opportunity consists of 5 units totaling 259,000 SF, diversified under 4 separate leases and tenants. Positioned to trade at a 7.3 cap rate at the list price, the return is projected to increase over time with predetermined rent escalations built into the leases. The tenants are well-established medical businesses with significant lease terms remaining. One tenant is a credit tenant with a lease in place until 2034 and options to extend. Located in the heart of Chicago's Loop, the property is close to Michigan Avenue, restaurants, retail, Millennium Park, and the lakefront. Valet parking is available.
Property Profile Insight Report 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

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-89.646306
Latitude
39.77874

FAQs

What type of property is this?
Office property - 259,000 SF 5 Units Portfolio
Where is this office property located?
The property is located at 111 N Wabash Avenue 810-2102-2 Chicago, IL.
What is the asking price?
The asking price for this property is $3,410,000.
More about this property
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