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    111 Wabash Ave Chicago, IL 60602

    Sponsored
    For Sale
    $239,900

    Prime Loop location, 2,800 SF medical office condo

    Property size:
    259,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional owner-user opportunity is located in the historic Garland Building at 111 N. Wabash Avenue, Suite 1610, in Chicago, Illinois, zip code 60602. This 2,800 square foot commercial condominium unit is ideally situated on the sixteenth floor, offering stunning views. The property's prime location in the heart of the Loop provides unparalleled access to public transportation, with the Wabash CTA elevated rail station just steps away. Its proximity to the Magnificent Mile and Millennium Park adds to its desirability. This space is perfect for a variety of uses, including medical professionals, creative office spaces, law firms, non-profit organizations, and financial firms. The asking price for this exceptional property is $239,900. The building is located at the corner of Wabash Avenue and Washington Street, offering excellent visibility and accessibility. Owning a commercial condo offers significant advantages, providing control over occupancy costs and long-term stability for your business. This is a rare opportunity to acquire a highly desirable commercial space in one of Chicago's most prestigious locations. The unit is part of a larger building with a total of 259,000 square feet, though this listing only pertains to the 2,800 square foot condo. This is an owner/user investment opportunity.

    Property Features for 111 Wabash Ave

    General Information

    Property type
    Medical offices
    Square Feet
    259,000 SF

    HighLights

    • 2,800 SF commercial condo in Chicago's Garland Building (111 N. Wabash Ave, Suite 1610, zip code 60602).
    • Sixteenth‑floor unit with stunning city views.
    • Prime Loop location, steps from the Wabash CTA station, near the Magnificent Mile and Millennium Park.
    • $239,900 asking price.
    • Owner‑user opportunity offering long‑term stability and control over occupancy costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lakefront Dental Spa Dentist GenEx DNA Testing ... Paternity Testing Service Dr. Michael B. ... Dentist Marcus Dental Practice Dentist Chicago Family Dental ... Dental Clinic

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    COOK
    State
    Illinois
    Longitude
    -87.6257549
    Latitude
    41.8834907

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    FAQs

    What type of property is this?
    Medical office - Prime Loop location, 2,800 SF medical office condo
    Where is this medical office located?
    The property is located at 111 Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: 2,800 SF commercial condo in Chicago's Garland Building (111 N. Wabash Ave, Suite 1610, zip code 60602).; Sixteenth-floor unit with stunning city views.; Prime Loop location, steps from the Wabash CTA station, near the Magnificent Mile and Millennium Park.
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    111 Wabash Ave Chicago, IL 60602
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    Chicago, IL 60602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Wabash Ave Chicago, IL 60602
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