For Sale
$1,410,000

55 Wacker DrChicago, IL 60601

10,841 SF Vacant Office Condo, Downtown Chicago

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 10,841-square-foot vacant office condominium, located at 55 W Wacker Drive, Suite 1500, in Chicago's Central Loop, presents a compelling owner-user or value-add investment opportunity. Priced at $1,410,000 ($100/SF), this Class B property offers significant upside potential. Its prime location on Wacker Drive, adjacent to the Chicago Riverwalk and within steps of multiple CTA "L" stations (Blue, Brown, Green, Orange, Pink, and Purple Lines), boasts a perfect 100/100 Walk Score and Transit Score. The property benefits from exceptional demographics, with a daytime population of approximately 490,000 within a one-mile radius and an average annual household income exceeding $152,000. The recent Google acquisition of the neighboring Thompson Center, involving a $280 million investment and thousands of new employees, promises further revitalization of the area. This rare opportunity allows for significant cost savings below replacement cost, making it ideal for an owner-occupier seeking to build equity or an investor looking for lease-up potential and future appreciation. The condominium interest includes APN 17-09-423: 281, 286, 287, 288, 289, 290, & 291. This is a truly unique chance to own a piece of Chicago's iconic riverfront.

Highlights

  • 10,841 SF vacant office condo in Chicago's Central Loop, 55 W Wacker Dr, Suite 1500, priced at $1,410,000 ($100/SF).
  • Exceptional value-add opportunity or owner-user; below replacement cost.
  • Prime Wacker Drive location, adjacent to the Chicago Riverwalk, with a perfect 100/100 Walk Score and Transit Score.
  • Steps from multiple CTA lines (Blue, Brown, Green, Orange, Pink, Purple).
  • Strong demographics: 490,000 daytime population within one mile, average household income exceeding $152,000.
  • Adjacent to Google's newly acquired Thompson Center, a $280 million investment bringing thousands of new employees.

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 - 10,841 SF Vacant Office Condo, Downtown Chicago
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 $1,410,000.
What are key features of this property?
This property features: 10,841 SF vacant office condo in Chicago's Central Loop, 55 W Wacker Dr, Suite 1500, priced at $1,410,000 ($100/SF).; Exceptional value-add opportunity or owner-user; below replacement cost.; Prime Wacker Drive location, adjacent to the Chicago Riverwalk, with a perfect 100/100 Walk Score and Transit Score.
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55 Wacker Dr
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