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    550 W Van Buren St Chicago, IL 60607

    For Lease
    $25 SF/Yr

    Spacious West Loop office with modern amenities and flexible layout.

    Property size:
    20,667 SF
    Lot size:
    0.88 Acres

    Property Features for 550 W Van Buren St

    General Information

    Size
    20,667 SF
    Lot size
    0.88 Acres

    Source: Cushman & Wakefield - Corporate Agent Josh Feldman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Loop Office Space Available

    This office space, located in Chicago's West Loop, features mostly open floor plans with 9 private exterior offices. The property offers efficient floorplates and mechanical systems designed to accommodate high-bandwidth cabling. The wattage per square foot exceeds industry standards, and the HVAC system is oversized and zoned. The space provides flexibility for future technology upgrades and features column-free floor plates. The building includes a new fitness center, a lounge with a gaming area, and a conference center. Situated adjacent to Union Station, the location is also within a few blocks of two of Chicago's largest food halls, located in Willis Tower and The Old Post Office. The property has a size of 20667 square feet and may be leased separately or together with the 4th floor. The intended use of the property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FGM Architects (FGMA) Architecture Firm FedEx Drop Box Mailing Service Huron Consulting Group ... Business Management Consultant Credico (USA) LLC Business To Business Service Nationwide Insurance: Crc ... Auto Insurance Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6414452
    Latitude
    41.8770336

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    FAQs

    What type of property is this?
    Office space - Spacious West Loop office with modern amenities and flexible layout.
    Where is this office space located?
    The property is located at 550 W Van Buren St Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Convenient West Loop Location Adjacent to Union Station; - New Fitness Center, Lounge with Gaming Area, and Conference Center; - Column-Free Floor Plates
    (312) 470-1800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 W Van Buren St Chicago, IL 60607
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