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50 E Washington Street, Chicago, IL 60602
$635,502
50 E Washington Street, Chicago, IL 60602View this property at 50 E Washington Street, Chicago, IL 60602
50 E Washington StreetChicagoIL60602
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Property Description
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.
Full Property Details
Full Property Details for 50 E Washington St
General
- Price: $635,502
- Taxes: (2021)
- Status: Active
- Type: Office
- MLS ID: 11891315
- Updated: 12/26/2023
- Added to Site: 240 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Loop
- County: Cook
- Driving Directions: Located on the northeast corner of Wabash Avenue and Washington Street
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Other
Structural Information
- Stories/Levels: 21
- Square Feet: 259,000
- Year Built: 1914
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 259,000
- Lot Dimensions: 259000
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1914
- Tax Year: 2021
Disclosures and Reports
- Property ID: 17103090161007
Listed by Millennium Properties RE, Inc.
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Schools
Schools serving 50 E Washington St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1212 S Plymouth Ct, Chicago, IL 60605 | PK-8 | 1.2 mi | |
244 E Pershing Rd, Chicago, IL 60653 | 9-12 | 4.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 50 E Washington St
Date
Details
Price
Change
Source
9/20/2023
Listed
$635,502
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 50 E Washington St
50 E Washington Street, Chicago, IL 60602 (MLS# 11891315) is a Office property. 50 E Washington Street is currently listed for $635,502 and was received on September 20, 2023. Want to learn more about 50 E Washington Street? Do you have questions about finding other Office real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.