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Loft Office Units with Pedway Access
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55 E Randolph St, Chicago, IL 60602

Flexible single-floor office space offers open loft character and room for a customized build-out.

Space Size13,278 SF
Property Size1,881,000 SF
Days on Market2933

Property Features for 55 E Randolph St

General Information

Standard status Active
Size 13,278 SF
Net Rentable 2,500 SF
Property subtype Office
Lease Type Modified Gross

Space & Availability

Available Space 2,500-16,000 SF
Contiguous Space 16,000 SF
Divisible Yes
Space Use Office

Additional Details

Public Transit Yes

Amenities

LA Fitness club
parking
direct Pedway access
exterior building signage

Building Details

Building Size 1,881,000 SF
Year Built 2005
Tenancy Multiple
Construction concrete

Spaces For Lease

at 55 E Randolph St Contact us

Suite 3rd Floor

Size
13,278 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Willard Jones Real Estate
Listed By: Jonathan Zimmerman · License #IL 471009051
Source: Crexi
Added: Aug 27, 2018 Changed: Aug 31 Last Checked: Sep 6 at 5:46AM

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 Willard Jones Real Estate

Investment Insights

Based on property information with market context.

Heritage Office Lofts offers approximately 16,000 square feet of office space on a single floor, with availability divisible to 2,500 square feet. The suite features exposed concrete loft character, 14-foot ceilings, an open arrangement, elevator identity, and the flexibility to accommodate a customized build-out. Exterior building signage is available.

The property is located at 55 E Randolph St in Chicago’s East Loop, beneath a 57-story luxury condominium tower. On-site amenities include an LA Fitness club on the second floor and parking, while direct Pedway access connects the building with CTA bus and train service, Metra, public parking garages, and nearby office, civic, park, and court destinations. The building was constructed in 2005.

Key Highlights

  • Approximately 16,000 SF of office space, divisible to 2,500 SF
  • Single‑floor loft office configuration with 14‑foot ceilings
  • Open floor plan suited to a customized build‑out

Property Analytics

Current Use

Golden Street Underground ... Community Center LA Fitness Gym & Fitness Center Heritage Cleaners (Bike/Boat/Book/etc) Store Space p11 Art Gallery

Suggested Use

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

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

39,284
Businesses Nearby

Demographics for 60602, IL

1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size

This space is priced 22% below the average of $29.6 /SF/Yr.

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 units - Flexible single-floor office space offers open loft character and room for a customized build-out.
Where is this office units located?
The property is located at 55 E Randolph St Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Approximately 16,000 SF of office space, divisible to 2,500 SF; Single‑floor loft office configuration with 14‑foot ceilings; Open floor plan suited to a customized build‑out
(312) 263-8787 Call to check price and availability
More about this property
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