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Office Condo Space in Historic Building
For Lease
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111 N Wabash Avenue, Chicago, IL 60602

COMMERCIAL - Chicago, IL

Space SizeContact for details
Days on Market168

Property Features for 111 N Wabash Avenue

General Information

Property type Commercial Lease
Property subtype Office
Directions Northeast corner near Wabash and Washington.
Subdivision CHI - Loop
Standard status Active

Utilities

Cooling system Central Air

Amenities

janitorial services
security
shared conference room
maintenance and cleaning of washrooms
on-site management

Building Details

Year built 1917
Listing Agency: Compass
Listed By: Ann Pancotto · License #475121718
Added: Feb 26 Changed: Aug 4 Last Checked: Aug 13 at 3:06AM
MLS# 12578808

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office condo units are available for lease at the Historic Garland Building in downtown Chicago at 111 N Wabash. The space mix is suited for an office, medical, dental, or therapy use, with ongoing support described as on-site management and ownership. Monthly assessments include janitorial services five days per week, security, shared conference room access, maintenance, and cleaning of washrooms.

The building is located at the corner of Wabash Avenue and Washington Street and is adjacent to the Wabash CTA elevated rail station. The remarks also note proximity to Chicago’s Magnificent Mile and Millennium Park.

Lease terms include a stated leasing incentive of 2 months free rent with a 12-month lease or greater.

Key Highlights

  • Prime location in the heart of Chicago's Loop, adjacent to the Wabash CTA station, Magnificent Mile, and Millennium Park.
  • Suitable for various professional uses: office, medical, dental, therapy, creative office, attorneys, non‑profits, and financial firms.
  • Owner‑user opportunity in The Historic Garland Building.

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

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

$28.32 /SF/Yr
Avg Asking Price
$5.5–$133 /SF/Yr
Price Range
14,737 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Office condo units in the Historic Garland Building offered for lease with included daily janitorial and security.
Where is this office units located?
The property is located at 111 N Wabash Avenue Chicago, IL.
What are key features of this property?
This property features: Prime location in the heart of Chicago's Loop, adjacent to the Wabash CTA station, Magnificent Mile, and Millennium Park.; Suitable for various professional uses: office, medical, dental, therapy, creative office, attorneys, non‑profits, and financial firms.; Owner‑user opportunity in The Historic Garland Building.
More about this property
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