50 Washington St, Unit LL Chicago, IL 60602-1305

Property Details for 50 Washington St

Year built

1962

Property type

Commercial real estate

APN

17-09-449-020-8006

APU

17094490208006

Description

This exceptional 12,836-square-foot turnkey office condominium is located on the third floor of the historic 21-story Garland Building at 50 E. Washington St, Chicago, IL 60602. Situated on the northeast corner of Wabash Avenue and Washington Street in the Jewelers Row District, this suite boasts stunning, unobstructed views of Lake Michigan, Millennium Park, and the city skyline. The space features high-end finishes, numerous offices, conference rooms, and a fully equipped kitchen, making it move-in ready. Its flexible layout allows for easy subdivision, presenting an ideal opportunity for both users and investors. The property benefits from potential SBA financing, offering attractive interest rates and terms. The Garland Building, constructed in 1914, comprises 259,000 square feet of commercial space and approximately 170 units, maintaining consistently high occupancy rates with a diverse tenant base from the medical, dental, financial, legal, and non-profit sectors. On-site valet parking is available. This highly desirable East Loop location offers unparalleled proximity to government buildings, restaurants, shopping, entertainment, and public transportation, including easy access to CTA train lines and major expressways (I-90/I-94/I-290/I-55). Building amenities include 24/7 security, heat, water, cleaning services, and access to a building conference room. Monthly assessments are $1,8095.81 (note: there appears to be a typographical error in the provided assessment amount). 2021 taxes were non-profit. The suite also features high ceilings, abundant natural light, elevator identity, and washrooms both within the suite and near the elevator.