Historic Office
For Lease
Contact for pricing
40 N Wells St, Chicago, IL 60606
Chicago landmark office units with hardwood floors, high ceilings, and expansive windows in a distinctive historic building.
Space Size1,220 SF - 3,400 SF
Property Size16,625 SF
Days on Market2933
Property Features for 40 N Wells St
General Information
Standard status
Active
Size
1,220 SF - 3,400 SF
Class
C
Property subtype
Office
Lease Type
Modified Gross
Amenities
hardwood floors
12-foot ceilings
floor-to-ceiling windows
Building Details
Building Size
16,625 SF
Year Built
1874
Tenancy
Multiple
Spaces For Lease
at 40 N Wells St Contact us- Size
- 1,220 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 250
- Size
- 3,400 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Third Floor
Listing Agency:
Willard Jones Real Estate
Listed By:
Jonathan Zimmerman · License #IL 471009051
(312) 263-8787
Source:
Crexi
Added: Aug 27, 2018
Changed: Sep 2
Last Checked: Sep 2 at 5:00AM
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.
The Washington Block provides office units within a preserved historic building at 40 N Wells St. Interior features include hardwood floors, 12-foot ceilings, and large floor-to-ceiling windows that bring city views into the workspace. The property’s original spiral staircase remains, while later work restored selected architectural details, including historic tooling and keystones.
Positioned at the corner of Washington and Wells in Chicago’s Central Loop, the building occupies a setting with deep architectural and civic significance. It received Chicago landmark designation in 1997 and carries a Red designation in the Chicago Historic Resources Survey, reflecting recognized importance at the city, state, or national level. The building offers a distinctive office environment for small-to-midsized tenants seeking character and historic context in a central Chicago address.
Positioned at the corner of Washington and Wells in Chicago’s Central Loop, the building occupies a setting with deep architectural and civic significance. It received Chicago landmark designation in 1997 and carries a Red designation in the Chicago Historic Resources Survey, reflecting recognized importance at the city, state, or national level. The building offers a distinctive office environment for small-to-midsized tenants seeking character and historic context in a central Chicago address.
Key Highlights
- Chicago landmark designation awarded in 1997
- Red designation in the Chicago Historic Resources Survey
- 12‑foot ceilings and floor‑to‑ceiling windows
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
41,763
Businesses Nearby
Explore this area
Business Placement
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
$29.6 /SF/Yr
Avg Asking Price
$6–$133 /SF/Yr
Price Range
14,766 SF
Avg Space Size
This space is priced 32% below the average of $29.6 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office units - Chicago landmark office units with hardwood floors, high ceilings, and expansive windows in a distinctive historic building.
Where is this office units located?
The property is located at 40 N Wells St Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Chicago landmark designation awarded in 1997; Red designation in the Chicago Historic Resources Survey; 12‑foot ceilings and floor‑to‑ceiling windows
