111 N Wabash Ave, Unit 800, Chicago, IL, 60602 — Sale in Chicago, IL
- Price: $199K
- Listing type: For sale
- Asset type: Office
- Location: Chicago, IL 60602
- Submarket: East Loop
- Size: 259,000 SF
- Year built: 1914
Photos
Investment Figures
- Price per unit
- $199,000 across 1 units
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
FOR SALE Iconic Corner Office Condo | 111 N Wabash Ave, Suite 800 | Chicago, IL 60602 Offered at $199,000 | ± 2,700 SF KW Commercial, the exclusive listing broker, is pleased to present a prestigious opportunity to acquire a corner office condominium in the celebrated Garland Building, located at the intersection of Wabash Avenue and Washington Boulevard in Chicago’s Central Loop District. About The Garland Building Constructed in 1914, the Garland Building was originally conceived by architect C.A. Eckstorm as a modern, fireproof 16-story U‑shaped tower designed to maximize light and ventilation via a prominent open light court and setback façades Named for the historic Garland Stove & Range company, the building later reclaimed its original name under developer James Heyworth in the early 1920s, when it expanded upward to 21–22 stories In 1986 it was listed on the National Register of Historic Places, reflecting its architectural and cultural significance within the Loop Following a $9 million restoration in the late 1990s, the building was redeveloped in 2005 into one of Downtown Chicago’s first office condominium projects, with all ~170 individual units sold to owner‑occupants and investors Historically long‑term tenants include medical professionals, legal firms, financial services, non‑profits and dental/therapy users, reflecting the building’s reputation as a premier medical and professional-use asset with consistently high occupancy Space Features & Building Highlights Suite: 800 — prominent corner exposure offering exceptional light and views Size: ± 2,700 SF (within a ± 259,000 SF, 22‑story building) Zoning: DX‑16 (Downtown Mixed‑Use District) Year Built / Converted: 1914 / converted 2005 Configuration: In‑suite conference room, private bathroom; seven water lines, five located within private offices — ideal infrastructure for medical, dental, wellness, or healthcare use Building Amenities: 24/7 security & staffed lobby On‑site professional management Dail
Market Context
This office in Chicago, IL is listed for sale at $199,000 across 259,000 SF ($1/SF). The building dates to 1914. Compare it against other office listings for sale in Chicago, IL — view the full market.
As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.
Above-average vacancy gives buyers leverage and a wide set of comparables.
Office market FAQ
- Is the Chicago office market tightening or softening?
- Vacancy is around 27.2% (Q1 2026).
Estimated Price per SF
$37.63/SF – $273.70/SF
Mid: $114.04/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Manny Regalado — Keller Williams ONEChicago · +13127302029 · MRegalado@kwcommercial.com
- Manny Regalado · +13127302029 · MRegalado@kwcommercial.com
Explore this market
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