Downtown Office Suite with
For Lease
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166 W Washington St, Chicago, IL 60602
Office suite features four offices and a conference room, with recent updates including exposed brick and raftered ceilings.
Space Size1,535 SF
Days on Market1030
Property Features for 166 W Washington St
General Information
Standard status
Active
Size
1,535 SF
Property subtype
OFFICE
Lease Type
Gross
Site & Location
Neighborhood
Loop
Spaces For Lease
at 166 W Washington St
166 W Washington St
$11.73/SF/Yr
Floor
5
Size
1,535 SF
Type
OFFICE
Lease Type
GROSS
Availability
AVAILABLE, Now
Sublease
No
- 4 offices, conference room; can be combined with 520 for 2,034 SF
- 166 West Washington is a boutique, vintage jewel nestled amid towering skyscrapers and surrounded by every convenience a business office user could want, including restaurants of every variety, public transportation, shopping and much more.
- Recent updates have reactivated the exposed brick and raftered ceilings from yesteryear in many suites.
- The building's small floor plate provides elevator identity for all tenants, while the aggressive price structure makes 166 West Washington a rare, affordable option in downtown Chicago.
Contact us
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #471009051
Source:
Moodyscre
Added: Dec 29, 2023
Changed: Oct 2
Last Checked: Oct 23 at 9:58AM
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
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Investment Insights
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This downtown office suite includes four offices and a conference room, and it can be combined with suite 520 for a larger space. Recent updates have reactivated exposed brick and raftered ceilings in many suites, adding character to the work environment.
166 W Washington St is described as a boutique, vintage building surrounded by business conveniences, including restaurants, public transportation, and shopping. The building has a small floor plate intended to provide elevator identity for all tenants.
Available as an office unit within the building, this suite offers a compact configuration with dedicated private offices plus a shared conference room for meetings and collaboration.
166 W Washington St is described as a boutique, vintage building surrounded by business conveniences, including restaurants, public transportation, and shopping. The building has a small floor plate intended to provide elevator identity for all tenants.
Available as an office unit within the building, this suite offers a compact configuration with dedicated private offices plus a shared conference room for meetings and collaboration.
Key Highlights
- Office suite with 4 offices plus a conference room
- Recent updates in many suites reactivated exposed brick and raftered ceilings
- Small floor plate design provides elevator identity for all tenants
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.76 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
41,763
Businesses Nearby
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Business Placement
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
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Market
Lease Benchmarks for Chicago, IL
$26.82 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,677 SF
Avg Space Size
This space is priced 56% below the average of $26.82 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - Office suite features four offices and a conference room, with recent updates including exposed brick and raftered ceilings.
Where is this office unit located?
The property is located at 166 W Washington St Chicago, IL.
What is the lease rate?
The lease rate is $11.73 SF/Yr.
What are key features of this property?
This property features: Office suite with 4 offices plus a conference room; Recent updates in many suites reactivated exposed brick and raftered ceilings; Small floor plate design provides elevator identity for all tenants
