Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

55 W Wacker Dr 2,890 - 15,779 SF Office Condo Units Offered at $505,000 - $1,575,000 Per Unit in Chicago, IL 60601

Save this listing!

Favorite this listing to get notified of price updates, new media and more

PROPERTY FACTS

Total Building Size 332,173 SF
Property Type Office
Building Class B
Floors 16
Typical Floor Size 14,250 SF
Year Built 1967
Lot Size 0.42 AC
Parking Ratio 0.08/1,000 SF
Zoning DC-16 - Downtown Core District

AMENITIES

  • Banking
  • Bus Line
  • Commuter Rail
  • Property Manager on Site
  • Signage

9 UNITS AVAILABLE

Unit 200

Unit Size 15,779 SF
Price $1,575,000
Price Per SF $99.82
Condo Use Office
Sale Type Investment or Owner User
APN/Parcel ID 17-09-423-069-0000, 17-09-423-070-0000, 17-09-423-071-0000, 17-09-423-072-0000, 17-09-423-073-0000, 17-09-423-074-0000, 17-09-423-075-0000, 17-09-423-076-0000, 17-09-423-077-0000, 17-09-423-078-0000, 17-09-423-079-0000, 17-09-423-080-0000, 17-09-423-081-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 15,779 square foot unit at only $100 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-200

S200 1
S200 2
View Photo S200 1
View Photo S200 2

Unit 350

Unit Size 6,100 SF
Price $1,065,000
Price Per SF $174.59
Condo Use Office
Sale Type Investment or Owner User
APN/Parcel ID 17-09-423-090-0000, 17-09-423-091-0000, 17-09-423-092-0000, 17-09-423-093-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 6,100 square foot unit at only $175 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-350

S350 1
S350 2
View Photo S350 1
View Photo S350 2

Unit 600-B

Unit Size 2,890 SF
Price $505,000
Price Per SF $174.74
Condo Use Office
Sale Type Investment or Owner User
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 2,890 square foot unit at only $175 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-600-b

S600-B 1
S600-B 2
View Photo S600-B 1
View Photo S600-B 2

Unit 600-C

Unit Size 4,754 SF
Price $1,250,000
Price Per SF $262.94
Condo Use Office
Sale Type Investment
Cap Rate 8.59%
NOI $107,389
APN/Parcel ID 17-09-423-139-0000, 17-09-423-140-0000, 17-09-423-141-0000, 17-09-423-142-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

RARE + ICONIC WACKER DRIVE OPPORTUNITY  The Central Loop and more specifically Wacker Drive host many of the World’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Investment stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/CA-55ww-KooArchitects

Koo Arch 1
Koo Arch 2
View Photo Koo Arch 1
View Photo Koo Arch 2

Unit 600-D

Unit Size 4,613 SF
Price $1,400,000
Price Per SF $303.49
Condo Use Office
Sale Type Investment
Cap Rate 8.63%
NOI $120,755
APN/Parcel ID 17-09-423-134-0000, 17-09-423-143-0000, 17-09-423-144-0000, 17-09-423-145-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

RARE + ICONIC WACKER DRIVE OPPORTUNITY  The Central Loop and more specifically Wacker Drive host many of the World’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Investment stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-instantalliance

Instant Alliance 1
Instant Alliance 2
View Photo Instant Alliance 1
View Photo Instant Alliance 2

Unit 710/716

Unit Size 6,675 SF
Price $800,000
Price Per SF $119.85
Condo Use Office
Sale Type Investment or Owner User
APN/Parcel ID 17-09-423-150-0000, 17-09-423-151-0000, 17-09-423-152-0000, 17-09-423-153-0000, 17-09-423-154-0000, 17-09-423-155-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 6,675 square foot unit at only $120 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-710-716

S710-716 1
S710-716 2
View Photo S710-716 1
View Photo S710-716 2

Unit 1210

Unit Size 8,808 SF
Price $1,055,000
Price Per SF $119.78
Condo Use Office
Sale Type Investment or Owner User
APN/Parcel ID 17-09-423-232-0000, 17-09-423-233-0000, 17-09-423-234-0000, 17-09-423-235-0000, 17-09-423-236-0000, 17-09-423-237-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 8,808 square foot unit at only $120 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-1210

S1210 1
S1210 2
View Photo S1210 1
View Photo S1210 2

Unit 1500

Unit Size 10,841 SF
Price $1,410,000
Price Per SF $130.06
Condo Use Office
Sale Type Investment or Owner User
APN/Parcel ID 17-09-423-281-0000, 17-09-423-286-0000, 17-09-423-287-0000, 17-09-423-288-0000, 17-09-423-289-0000, 17-09-423-290-0000, 17-09-423-291-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

CORE CHICAGO CBD VALUE-ADD OPPORTUNITY The vacant space provides an owner/user or investor the opportunity to acquire the 10,841 square foot unit at only $130 per square foot, which is substantially below replacement cost. The low basis allows an occupant to reduce its operating costs and build equity while occupying the space and will allow an investor to lease-up and cash flow or sell upon stabilization.

RARE + ICONIC WACKER DRIVE OPPORTUNITY The Central Loop and more specifically Wacker Drive host many of the world’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Property stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The Investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-suite-1500

S1500 1
S1500 2
View Photo S1500 1
View Photo S1500 2

Unit 1550

Unit Size 4,493 SF
Price $1,065,000
Price Per SF $237.04
Condo Use Office
Sale Type Investment
Cap Rate 8.02%
NOI $85,378
APN/Parcel ID 17-09-423-282-0000, 17-09-423-283-0000, 17-09-423-284-0000, 17-09-423-285-0000
DESCRIPTION

GOOGLE BUYS NEIGHBORING THOMPSON CENTER The Property is just 350 feet away from Google’s newest real estate acquisition, the James R. Thompson Center. Google is expected to invest $280 million into upgrading the 425,000 square foot building and plans to move thousands of employees to the location. Google opening a massive office adjacent to the Property will bring additional jobs and offices to the immediate area with the improved infrastructure and ancillary businesses centered around the tech giant.

RARE + ICONIC WACKER DRIVE OPPORTUNITY  The Central Loop and more specifically Wacker Drive host many of the World’s most well-known and prestigious corporations. The opportunity enables an investor the exceptionally rare occasion to acquire a piece of 55 West Wacker, positioned on the Chicago riverfront and considered among the best-in-class office locations in all of Chicago.

TRANSIT + WALKER’S PARADISE The Investment stands as one of the most well located, transit-oriented office buildings in all of downtown Chicago as it boasts immediate access to a large selection of public transportation options, including being mere steps from both the Clark/Lake and State/Lake CTA “L” Stations servicing the Blue, Brown, Green, Orange, Pink, and Purple Lines. The Property also sits adjacent to Chicago’s Water Taxi service and nearly a dozen CTA bus lines. The investment boasts a perfect 100/100 Walk Score and 100/100 Transit score as it offers world class transportation and daily errands do not require a vehicle.

NEXT TO THE CHICAGO RIVERWALK The Property is adjacent to the new $150-million Chicago Riverwalk which boasts 1.25 miles of riverfront parkway that includes a variety of entertainment venues and concessions, hosting approximately 2.8 million visitors annually.

OUTSTANDING DEMOGRAPHICS The daytime population within 1-mile is approximately 490,000 and the average annual household income exceeds $152,000.

SALE NOTES

OM Registration: https://form.jotform.com/GreenstonePartners/ca-55ww-jtmagenandcompany

JT Magen 1
JT Magen 2
View Photo JT Magen 1
View Photo JT Magen 2
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 27963929

  • Date on Market: 3/13/2023

  • Last Updated:

  • Address: 55 W Wacker Dr, Chicago, IL 60601

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}