111 Wabash AveChicago, IL 60602

Property Details for 111 Wabash Ave

Year built

1917

Lot size

0.36 AC

Property type

Office properties

Property subtype

Other office properties

APN

17-10-309-016-1069

APU

17103090161069

Description

This single-tenant office suite, located at 111 N Wabash Ave, Unit 1422 in Chicago, IL, offers 553 to 1,234 square feet of premium workspace. Situated in the historic Garland Building, this space boasts breathtaking views of Millennium Park and Lake Michigan. The modern interior features abundant natural light and a flexible layout, perfect for small businesses, creative teams, or startups. Building amenities include secure entry, on-site management and security, and proximity to a variety of dining and shopping options. The location is exceptionally convenient, with easy access to major public transportation and renowned city attractions. Landlord build-out options are available to customize the space to meet specific design and functional requirements. This prestigious address provides the perfect blend of convenience, prestige, and a vibrant downtown location, offering a competitive advantage for growing businesses. The property is in Cook County, zip code 60602. This is a traditional office space ideal for those seeking a quiet, private workspace in the heart of Chicago's bustling downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,102,094

  6.5%

  $4,709,625

  7%

  $4,373,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,067,849

  Geo Method

  $2,067,849

• Alternative Use

  Use

  Valuation

  Residential

  $5,839,935

  Hospitality

  $5,349,350

  Educational

  $4,450,596

  Medical

  $4,603,658

  Retail

  $6,923,149

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8835

Longitude

-87.6257

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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