50 E Washington Street Chicago, IL $ 614,468
50 E Washington Street
$ 614,468
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50 E Washington Street

Chicago, IL, 60602
$ 614,468
Baths0.0 Sq 259,000

Monthly Estimate*

$ 4,292

50 E Washington Street, Chicago, IL 60602 - Image 1
50 E Washington Street, Chicago, IL 60602 - Image 2
50 E Washington Street, Chicago, IL 60602 - Image 3
50 E Washington Street, Chicago, IL 60602 - Image 4
50 E Washington Street, Chicago, IL 60602 - Image 5
Studio

Commercial Property for sale in Chicago, IL

for $614,468. This 259,000 square foot building was built in 1914 on a lot size of 5.94582.

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.

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Commercial Active

Price

$ 614,468

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

5.94582

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11891319

Features
General
Cooling Central Air
Year Built 1914
Electric Other
Stories 21
Property SubType Office
Tax Year 2021
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Status Active
Directions Located on the northeast corner of Wabash Avenue and Washington Street
City Chicago
MLS Area CHI - Loop
Lot Size Square Feet 259000
Street Name Washington
Tax Annual Amount 0
Additional Parcels Y/N Y
Leasable Area 6310
Days on Market 43
Standard Status Active
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Exterior
Building Area Total 259000
Lot Dimensions 259000
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Interior
Street Suffix Street
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

dhyman@mpirealestate.com

Email

Affordability Calculator

$4,292
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,292
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/26/2023$614,468 Listed Price

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50 E Washington Street, Chicago, IL, 60602 is a Commercial Property for sale at $614,468 with 259,000 sqft and a lot size of 5.94582. 50 E Washington Street is a studio with 0.0 baths and was built in 1914. The property's zip code is 60602 which is in Chicago, IL