Turn-Key Office Condo in
For Sale
$1,250,000
50 E Washington Street, Chicago, IL 60602
Move-in ready office condo with high-end finishes and city views.
Property Size12,386 SF
Price / SF$100.92
Days on Market969
Property Features for 50 E Washington Street
General Information
Standard status
Active
Size
12,386 SF
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1914
Listing Agency:
MILLENNIUM PROPERTIES RE, INC.
(312) 338-3000
Listed By:
DANIEL HYMAN · License #471.013658X
Source:
Corcoran
Added: Dec 26, 2023
Changed: Aug 9
Last Checked: Aug 16 at 6:33AM
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 MILLENNIUM PROPERTIES RE, INC.
Investment Insights
Based on property information with market context.
This 12,386 square foot condominium is located on the northeast corner of Wabash Avenue and Washington Street in Chicago's Jewelers Row District. Situated on the third floor of the historic 21-story Garland Building, constructed in 1914, the suite features high-end finishes and unobstructed views of Lake Michigan, Millennium Park, and the city. The unit is improved with numerous offices, conference rooms, and a kitchen, and is in move-in condition. The space can be easily sub-divided, making it suitable for either a user or an investor. The unit is part of a building containing 259,000 square feet of commercial space and approximately 170 units. The property maintains high occupancy levels with stable long-term tenants from the medical, dental, financial, legal, and non-profit sectors. On-site valet parking is available. Located in the East Loop submarket, the property is near government buildings, restaurants, shopping, entertainment, and other amenities. It is a few blocks from Millennium Park and has easy access to public transportation, parking, and expressways. The location benefits from high traffic and foot counts.
Key Highlights
- Unobstructed views of Lake Michigan, Millennium Park, and the city
- Turn‑key condition with high‑end finishes, numerous offices, conference rooms, and a kitchen
- Prime East Loop location with high visibility, near Millennium Park, public transportation, and expressways
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40,863
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office condo with high-end finishes and city views.
Where is this office units located?
The property is located at 50 E Washington Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Unobstructed views of Lake Michigan, Millennium Park, and the city; Turn‑key condition with high‑end finishes, numerous offices, conference rooms, and a kitchen; Prime East Loop location with high visibility, near Millennium Park, public transportation, and expressways
