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Furnished Medical Office in Chicago
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111 N Wabash Avenue 1220, Chicago, IL 60602

Furnished medical office in downtown Chicago with lake and city views.

Property Size344,000 SF
Price / SF$0.58
Days on Market757

Property Features for 111 N Wabash Avenue 1220

General Information

Standard status Active
Size 344,000 SF
Property subtype Office
Zoning DX-16

Building Details

Year Built 1922
Listing Agency: Compass Hinsdale
Listed By: Nick Pancotto · License #IL 475.121718
Source: Crexi
Added: Jul 28, 2024 Changed: Aug 13 Last Checked: Aug 5 at 9:41AM

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 Compass Hinsdale

Investment Insights

Based on property information with market context.

Located in the Garland Building in downtown Chicago, this furnished suite is move-in ready and equipped for dental practice. The suite includes a waiting room, private bathroom, private offices, a work room, and three dental chairs. Situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop, the historic Garland Building is adjacent to the Wabash CTA elevated rail station and steps from Chicago's Magnificent Mile and Millennium Park. The building has a management company and owner on site. Monthly assessments cover janitorial services five days per week, security, shared conference room, maintenance, and washroom cleaning. The suite is located in prime locale and offers lake and city views. This is an opportunity to expand or start your business. The Garland Building is a commercial real estate property with a total property size of 344000 square feet.

Key Highlights

  • Prime downtown Chicago location in the historic Garland Building with lake and city views.
  • Fully furnished and equipped dental suite ready for immediate operation.
  • Includes waiting room, private bathroom, private offices, work room, and 3 dental chairs.

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
Balanced
Demand for This Use

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

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?
Medical Office Space - Furnished medical office in downtown Chicago with lake and city views.
Where is this medical office space located?
The property is located at 111 N Wabash Avenue 1220 Chicago, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime downtown Chicago location in the historic Garland Building with **lake and city views**.; Fully furnished and equipped dental suite **ready for immediate operation**.; Includes waiting room, private bathroom, private offices, work room, and **3 dental chairs**.
More about this property
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