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550 W Washington Street, Chicago, IL 60606

Prime office building with excellent transit access in Chicago.

Space SizeContact for details
Days on Market273

Property Features for 550 W Washington Street

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Chicago
Listed By: Justin Hucek
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 18 Last Checked: Aug 21 at 7:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago

Investment Insights

Based on property information with market context.

This office building, located at 550 W Washington Street in Chicago, Illinois, offers 372,000 square feet of space. The property is accessible 24 hours a day and features amenities such as banking, a convenience store, and a fitness center. It is Energy Star labeled and LEED Certified - Platinum. The building is conveniently located near public transportation, with Clinton Station (Green, Pink Lines) 0.2 miles away, Washington/Wells Station (Downtown Loop) 0.5 miles away, Clinton Station (Blue Line) 0.5 miles away, Merchandise Mart Station (Brown, Purple Lines) 0.7 miles away, and Quincy Station (Downtown Loop) (Brown, Orange, Pink, and Purple lines) 0.7 miles away. On-site property management and signage are available.

Key Highlights

  • LEED Platinum Certified, offering exceptional energy efficiency.
  • Excellent public transportation access with multiple lines/stations within 0.7 miles.
  • Benefit from the convenience of an on‑site property manager.

Property Analytics

Current Use

QuickSolvers, Inc. Accounting Firm Arroweye Solutions Inc Law Firm Alexa CPA Group ... Accounting Firm Jan Shurtz Life Coach OC Legal Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Restaurant Nursing Home Adult Day Care Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,781
Businesses Nearby

Demographics for 60606, IL

3,797
Population
3,032
Households
1.3
Avg Household Size
34
Median Age
93%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
18,985
Density / Sq Mi
$139,148
Median Household Income
$107,490
Median Earnings
$2,535
Median Rent
$366,500
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
44,505 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Prime office building with excellent transit access in Chicago.
Where is this office building located?
The property is located at 550 W Washington Street Chicago, IL.
What are key features of this property?
This property features: LEED Platinum Certified, offering exceptional energy efficiency.; Excellent public transportation access with multiple lines/stations within 0.7 miles.; Benefit from the convenience of an on‑site property manager.
More about this property
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