259,000 sq ft
Commercial: Office/Tech - MLS# 12591525
Tools & Resources:
Description
Position your business in the heart of Downtown Chicago with this 2,800 SF commercial condominium located on the 16th floor of the iconic Garland Building at 111 N. Wabash Avenue. Built in 1917, this architecturally significant property blends historic character with modern functionality, offering a professional environment ideal for medical, office, or research users. The flexible floor plan allows for a variety of configurations, whether you are seeking a medical suite, legal office, creative workspace, or financial services operation. The space benefits from central HVAC, wet sprinkler system, separate electrical meters, and access to central building services. Offered as a commercial condo, this opportunity provides long-term control of occupancy in one of Chicago's most recognized business corridors. The B-2 zoning supports a wide range of office and commercial uses, making it well suited for owner-users or professional practices seeking a permanent Downtown presence.
Features
- Property Type: Commercial
- Sub Type: Office/Tech
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60602
- Year Built: 1917
- Sq.Ft.: 259,000 sq ft
- Stories: 22
- Zoning: OFFIC
- Approximate Age: Older
- Building Area Total: 259000
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick, Glass, Stone
- Cooling: Central Air
- Directions: Michigan Ave to Washington Street to property
- Electric: Circuit Breakers, Separate Meters
- Estimated Cam/Sf: 21.02
- Estimated Tax/Sf: 10.08
- Expense Year: 2025
- Fire Protection: Sprinklers-Wet
- Geographic Locale: Downtown Chicago
- Heat/Ventilation: Central Bldg Heat
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Investment (Y/N): Yes
- Known Encumbrances: None Known
- Leasable Area: 2800
- Leasable Area Units: Square Feet
- Lot Size Square Feet: 15876
- Main Type: Commercial Sale
- Min Avail Sq Ft (Rentable): 2800
- Operating Expense: 58860
- Original Rental Price: 45
- Ownership Type: Condo
- Property Offered: For Sale or Rent
- Rental Price: 45
- Tax Annual Amount: 28245
- Tax Year: 2024
- Tenant Pays: Air Conditioning
- Total Actual Rent: 10500
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