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Downtown Chicago Commercial Condo
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111 North Wabash Avenue, Chicago, IL 60611

2,800 SF commercial condo in iconic Garland Building.

Property Size2,800 SF
Price / SF$71.39
Days on Market161

Property Features for 111 North Wabash Avenue

General Information

Standard status Active
Size 2,800 SF
Class A
Property subtype Retail, Office
Zoning B-2

Building Details

Year Built 1916
Buildings 5
Stories 16
Listing Agency: KW Commercial Keller Williams Chicago-O'Hare
Listed By: Nathaniel Thompson · License #IL 471020205
Source: Crexi
Added: Mar 14 Changed: Aug 11 Last Checked: Aug 20 at 1:03PM

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 KW Commercial Keller Williams Chicago-O'Hare

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Chicago, this 2,800 SF commercial condominium is situated on the 16th floor of the iconic Garland Building at 111 N. Wabash Avenue. Constructed in 1917, this architecturally significant property combines historic character with modern functionality, creating a professional environment suitable for medical, office, or research purposes. Previously occupied by an optometrist, the space is well-suited for continued medical or healthcare-related use. The flexible floor plan accommodates various configurations, making it suitable for a medical suite, legal office, creative workspace, or financial services operation. The suite features central HVAC, a wet sprinkler system, and separate electrical meters, with access to central building services. Offered as a commercial condo, this property provides long-term occupancy control in one of Chicago's recognized business corridors. The B-2 zoning supports a wide range of office and commercial uses, making it well-suited for owner-users or professional practices seeking a permanent Downtown presence.

Key Highlights

  • Prime Downtown Chicago location in the iconic Garland Building.
  • 2,800 SF commercial condominium offering long‑term occupancy control.
  • Flexible floor plan suitable for medical, office, or research use.

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

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
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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Frequently Asked Questions

What type of property is this?
Office units - 2,800 SF commercial condo in iconic Garland Building.
Where is this office units located?
The property is located at 111 North Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime Downtown Chicago location in the iconic Garland Building.; 2,800 SF commercial condominium offering long‑term occupancy control.; Flexible floor plan suitable for medical, office, or research use.
(773) 349-4337 Call to check price and availability
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