Commercial Sale

50 Washington Street, Chicago, Illinois 60602

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Property Description

A 12,836 square foot turn-key condominium situated on the northeast corner of Wabash Avenue and Washington Street in the Jewelers Row District. Located on the third floor, the suite is built-out with high-end finishes and benefits from incredible unobstructed views of Lake Michigan, Millennium Park, and the city. The unit has been improved with numerous offices, conference rooms, a kitchen and is in move-in condition. Because the space can be easily sub-divided, this is the perfect opportunity for a user or investor. There is also the potential for SBA financing which offers low interest rates and favorable terms. The unit is part of the historic 21-story Garland Building, which was constructed in 1914 and contains 259,000 square feet of commercial space and has approximately 170 units. The property continues to sustain high occupancy levels with stable long-term tenants from the medical, dental, financial, legal and non-profits sectors. On-site valet parking is available. The East Loop submarket is a highly desirable location due to its proximity to government buildings, restaurants, shopping, entertainment and other amenities. Specifically, this high visibility location is just a few blocks away from Millennium Park and has easy access to public transportation, parking and expressways. This busy corridor benefits from the high traffic and foot counts.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD11891319
Price : $614,468
Year Built : 1914
Property Sub Type : Office
Features
Cooling System : Central Air
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60602
Street : Washington
Street Number : 50
Street Suffix : Street
Floor Number : 0
Longitude : W88° 22' 28.1''
Latitude : N41° 53' 0.3''
Area : CHI - Loop
Street Dir Prefix : E
MLS Addon
Agent Name : Susan
DaysOnMarket : 420
Directions : Located on the northeast corner of Wabash Avenue a
List Agent Full Name : Susan Silver
List Agent MLSID : MRD104417
List Office MLSID : MRD14652
List Office Name : Millennium Properties RE, Inc.
Parcel Number : 17103090161007
Tax Year : $2,021
ListAgentLastName : Silver
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 26/12/2023 21:11:40
Commercial Sale For Sale
  • Listing ID : MRD11891319
$614,468
Agent info
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