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Office Building with Renovated Lobby
For Lease
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549 W Randolph St, Chicago, IL 60661

Loft-style office building with a newly renovated lobby and lobby guard in Chicago’s West Loop.

Space SizeContact for details
Property Size8,152 SF
Days on Market740

Property Features for 549 W Randolph St

General Information

Standard status Active
Size 8,152 SF
Property subtype OFFICE
Listing Agency: Cushman & Wakefield - Corporate
Listed By: Paige Krueger
Source: Moodyscre
Added: Jul 25, 2024 Changed: Jul 27 Last Checked: Aug 3 at 3:09AM

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 Cushman & Wakefield - Corporate

Investment Insights

Based on property information with market context.

This loft-style office building is for rent and features an owner-occupied setup with a lobby guard. The building includes a newly renovated lobby, creating a more updated arrival experience for tenants and visitors.

The property is located in Chicago’s West Loop area and is marketed with very competitive rental rates. Prospective tenants should review current availability and lease terms through the listing broker.

The offering is positioned as an office building option within a loft configuration, with the most notable improvement being the recently renovated lobby and controlled lobby access via the guard.

Key Highlights

  • Loft‑style office building in Chicago’s West Loop
  • Newly renovated lobby
  • Lobby guard

Property Analytics

Current Use

Falkor Group (Bike/Boat/Book/etc) Store ARCO/Murray Construction Company Learning Care Group Daycare Center Legat Architects, Inc. Interior Architect Office Weaver Law Group Industrial Manufacturer

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Nursing Home Clothing & Fashion Store Adult Day Care Restaurant

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

24,887
Businesses Nearby

Demographics for 60661, IL

11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.58 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
42,869 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 - Loft-style office building with a newly renovated lobby and lobby guard in Chicago’s West Loop.
Where is this office building located?
The property is located at 549 W Randolph St Chicago, IL.
What are key features of this property?
This property features: Loft‑style office building in Chicago’s West Loop; Newly renovated lobby; Lobby guard
(312) 470-1800 Call to check price and availability
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