Turn-Key Office Condo in
50 E Washington Street Chicago, IL 60602
50 E Washington Street, Chicago, IL, 60602
$1,250,000
For Sale
$1,250,000
Move-in ready office condo with city views in East Loop.
Property Size259,000 SF
Price / SF$4.83
Days on Market937
Property Features for 50 E Washington Street
General Information
- Standard status
- Active
- Size
- 259,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1914
Listing Agency
Millennium Properties RE, Inc.
(312) 338-3003
Listed by
Daniel Hyman · License #471013658
(312) 338-3003
Source
Exitrealty
Added: Dec 26, 2023 Updated: Jul 6 at 12:19 pm Checked: Jul 20 at 2:14 am
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 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.
Key Highlights
- 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.
Property Analytics
Property Profile
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
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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 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: 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.
