For Sale
$800,000

55 Wacker DrChicago, IL 60601

Prime Chicago location, vacant, 6,675 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
123
This 6,675 square foot vacant Class B condominium office suite, located at 55 W Wacker Drive, Suite 710/716 in Chicago's Central Loop, presents a unique owner-user or value-add investment opportunity. Priced at $800,000, this represents a significant below-replacement-cost acquisition at approximately $100 per square foot. The property boasts an exceptional location, just steps from multiple CTA "L" stations (Blue, Brown, Green, Orange, Pink, and Purple lines), the Chicago Riverwalk, and the Water Taxi. Its proximity to Google's newly acquired Thompson Center, with its planned $280 million investment and influx of employees, promises further neighborhood revitalization and increased demand. The property features a 100/100 Walk Score and 100/100 Transit Score, reflecting its unparalleled accessibility. The surrounding area boasts a strong daytime population of approximately 490,000 and an average annual household income exceeding $152,000. This free-and-clear condominium interest (APN: 17-09-423: 150, 151, 152, 153, 154 & 155) offers a rare chance to own a piece of Chicago's iconic Wacker Drive, within a building that houses many prestigious corporations. The vacant space allows for immediate occupancy or lease-up for strong cash flow and future appreciation.

Highlights

  • $800,000 asking price for a vacant 6,675 square foot Class B office condominium.
  • Owner-user or value-add opportunity in the Chicago Loop, priced significantly below replacement cost.
  • Rare opportunity to acquire space at 55 W Wacker Drive, a prime Chicago riverfront location.
  • Excellent transit-oriented location with a perfect Walk Score and Transit Score, near multiple CTA stations and the Chicago Riverwalk.
  • Adjacent to the Chicago Riverwalk, a popular tourist destination.
  • Strong demographics with a large daytime population and high average household income.

Property Details for 55 Wacker Dr

Property type
Office properties
Class
B

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8864753
Longitude
-87.6300102
55 Wacker Dr, Chicago, Illinois

FAQs

What type of property is this?
Office property - Prime Chicago location, vacant, 6,675 sq ft
Where is the office property located?
The property is located at 55 Wacker Dr Chicago, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: $800,000 asking price for a vacant 6,675 square foot Class B office condominium.; Owner-user or value-add opportunity in the Chicago Loop, priced significantly below replacement cost.; Rare opportunity to acquire space at 55 W Wacker Drive, a prime Chicago riverfront location.
How can I contact the broker?
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55 Wacker Dr
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