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Efficient Office Building with Corner Offices
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35 W Wacker Dr, Chicago, IL 60601

Office space with highly-efficient floor plates, flexible divisibility, below-grade private parking, and 24/7 security.

Property Size25,665 SF
Days on Market833

Property Features for 35 W Wacker Dr

General Information

Standard status Active
Size 25,665 SF
Property subtype OFFICE
Listing Agency: Cushman & Wakefield - Corporate
Listed By: Andy DeMoss
Source: Moodyscre
Added: Apr 22, 2024 Changed: Jul 31 Last Checked: Aug 1 at 8:46AM

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 Cushman & Wakefield - Corporate

Investment Insights

Based on property information with market context.

Part of a large multi-floor sublease offering, this office building space is divisible if desired. The building is described as having highly-efficient 25,000 SF floor plates with up to 12 corner offices per floor.

The site is presented as prominent, with an open character provided by Wacker Drive and the Chicago River. Plans are underway for a new lobby and tenant lounge. Tenant amenities and dining options noted in the remarks include Catch 35 Seafood Restaurant, Starbucks, and Convenience 35 Shop.

On-site functionality includes a 110-space, below-grade private parking garage plus tenant bike storage. The building features 22 high-speed passenger elevators, two freight elevators, and four shuttle elevators. Security is described as 24/7/365 with manned security and CCTV video monitoring. Power and connectivity are supported by 100% renewable electricity and a neutral host, third-party design-installed cellular DAS through Verizon and AT&T, with T-Mobile noted as in negotiation.

Key Highlights

  • Highly‑efficient 25,000 SF floor plates
  • Up to 12 corner offices per floor
  • 110‑space, below‑grade private parking garage plus tenant bike storage

Property Analytics

Current Use

Welcome to 35 West ... General Contractor Timothy J. Rooney ... Law Firm Christopher B. Essig ... Law Firm Linda Coberly - Winston ... Law Firm Steven J. Gavin ... Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Adult Day Care Buffet Pet Grooming Service Tattoo & Piercing Shop

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

44,183
Businesses Nearby

Demographics for 60601, IL

15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 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 - Office space with highly-efficient floor plates, flexible divisibility, below-grade private parking, and 24/7 security.
Where is this office building located?
The property is located at 35 W Wacker Dr Chicago, IL.
What are key features of this property?
This property features: Highly‑efficient 25,000 SF floor plates; Up to 12 corner offices per floor; 110‑space, below‑grade private parking garage plus tenant bike storage
(312) 470-2337 Call to check price and availability
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