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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



6 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| 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 |
| 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 |
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 Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
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 Type | Investment | APN/Parcel ID | 17-09-423-139-0000, 17-09-423-140-0000, 17-09-423-141-0000, 17-09-423-142-0000 |
| Cap Rate | 8.59% |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| APN/Parcel ID | 17-09-423-139-0000, 17-09-423-140-0000, 17-09-423-141-0000, 17-09-423-142-0000 |
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 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 |
| 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 |
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 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 |
| 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 |
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 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 |
| 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 |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 200 | 15,779 SF | Office | $1,575,000 ($99.82/SF) | - |
| Unit 600-B | 2,890 SF | Office | $505,000 ($174.74/SF) | - |
| Unit 600-C | 4,754 SF | Office | $1,250,000 ($262.94/SF) | $107,389 |
| Unit 710/716 | 6,675 SF | Office | $800,000 ($119.85/SF) | - |
| Unit 1210 | 8,808 SF | Office | $1,055,000 ($119.78/SF) | - |
| Unit 1500 | 10,841 SF | Office | $1,410,000 ($130.06/SF) | - |
Unit 200
| Unit Size |
| 15,779 SF |
| Condo Use |
| Office |
| Price |
| $1,575,000 ($99.82/SF) |
| NOI |
| - |
Unit 600-B
| Unit Size |
| 2,890 SF |
| Condo Use |
| Office |
| Price |
| $505,000 ($174.74/SF) |
| NOI |
| - |
Unit 600-C
| Unit Size |
| 4,754 SF |
| Condo Use |
| Office |
| Price |
| $1,250,000 ($262.94/SF) |
| NOI |
| $107,389 |
Unit 710/716
| Unit Size |
| 6,675 SF |
| Condo Use |
| Office |
| Price |
| $800,000 ($119.85/SF) |
| NOI |
| - |
Unit 1210
| Unit Size |
| 8,808 SF |
| Condo Use |
| Office |
| Price |
| $1,055,000 ($119.78/SF) |
| NOI |
| - |
Unit 1500
| Unit Size |
| 10,841 SF |
| Condo Use |
| Office |
| Price |
| $1,410,000 ($130.06/SF) |
| NOI |
| - |
Unit 200
| Unit Size | 15,779 SF |
| Condo Use | Office |
| Price | $1,575,000 ($99.82/SF) |
| NOI | - |
| 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 |
Unit 600-B
| Unit Size | 2,890 SF |
| Condo Use | Office |
| Price | $505,000 ($174.74/SF) |
| NOI | - |
| 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 |
Unit 600-C
| Unit Size | 4,754 SF |
| Condo Use | Office |
| Price | $1,250,000 ($262.94/SF) |
| NOI | $107,389 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| 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 |
Unit 710/716
| Unit Size | 6,675 SF |
| Condo Use | Office |
| Price | $800,000 ($119.85/SF) |
| NOI | - |
| 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 |
Unit 1210
| Unit Size | 8,808 SF |
| Condo Use | Office |
| Price | $1,055,000 ($119.78/SF) |
| NOI | - |
| 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 |
Unit 1500
| Unit Size | 10,841 SF |
| Condo Use | Office |
| Price | $1,410,000 ($130.06/SF) |
| NOI | - |
| 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 |
Property Facts
| Total Building Size | 332,173 SF | Typical Floor Size | 14,250 SF |
| Property Type | Office | Year Built | 1967 |
| Building Class | B | Lot Size | 0.42 AC |
| Floors | 16 | Parking Ratio | 0.08/1,000 SF |
| Zoning | DC-16 - Downtown Core District | ||
| 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
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.












