Active
50 E Washington Street
Chicago IL, 60602
$1,250,000
$4.83 per sqft
Active
259,000 sqft
Commercial
Built in 1914
Courtesy of Millennium Properties RE, Inc.
A 12,386 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.
11891272
MLSⓇ ID
September 21, 2023
Listed
November 25, 2024
Updated
Map
50 E Washington Street
Chicago IL, 60602
Interior Features
Total Stories
21
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
5.95 Acres
Other Property Details
Area Name
CHI - Loop
Days on Market
362
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Millennium Properties RE, Inc., Daniel Hyman,
Listing Contact: 312-338-3000
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Based on information submitted to the MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:37 PM UTC, 11/25/2024
