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50 E Washington St Chicago, IL 60602

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For Sale
$1,250,000

Move-in ready office condo with city views in East Loop.

Property size:
259,000 SF

Property Features for 50 E Washington St

General Information

Standard status
Active
Size
259,000 SF

Building Details

Year built
1914

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Listing Contact
Daniel Hyman
Daniel Hyman
Source: Exitrealty

Listing Agency: Millennium Properties RE, Inc. Listing Agent: Daniel Hyman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Turn-Key Office Condo in Chicago

This is a 12,386 square foot turn-key condominium located on the northeast corner of Wabash Avenue and Washington Street in Chicago's Jewelers Row District. Situated on the third floor, the suite features high-end finishes and unobstructed views of Lake Michigan, Millennium Park, and the city. The improved unit includes 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. There is potential for SBA financing with low interest rates and favorable terms. The unit is part of the historic 21-story Garland Building, constructed in 1914, which contains 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. The East Loop submarket is a desirable location due to its proximity to government buildings, restaurants, shopping, entertainment, and other amenities. This high-visibility location is a few blocks from Millennium Park and offers easy access to public transportation, parking, and expressways. The corridor benefits from high traffic and foot counts.
Location Intelligence

Current Use by Public Records

Dynamic Solutions Group ... Tech Support Center Hair Transplant Chicago Physician Daley Plaza Government Office christmas market Food Market City Market at Daley ... Food Market

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

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6301906
Latitude
41.8840894

FAQs

What type of property is this?
Office units - Move-in ready office condo with city views in East Loop.
Where is this office units located?
The property is located at 50 E Washington St 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: - Turn-key 12,386 sq ft condominium with high-end finishes in move-in condition.; - Incredible unobstructed views of Lake Michigan, Millennium Park, and the city.; - Potential for SBA financing with low interest rates and favorable terms.
More about this property
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