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Office Suites with Exposed Brick
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166 W Washington St, Chicago, IL 60602

Downtown Chicago office suites with recent updates restoring exposed brick and raftered ceilings across multiple rooms.

Property Size1,273 SF
Days on Market947

Property Features for 166 W Washington St

General Information

Standard status Active
Size 1,273 SF
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Divisible Yes
Space Use Medical Office

Lease Terms

Lease Rate $500 /USD/MO
Monthly Rent $500

Additional Details

Public Transit Yes

Amenities

restaurants
shopping

Building Details

Construction brick & beam
Tenancy Multi
Listing Agency: Willard Jones Real Estate
Listed By: Jonathan Zimmerman · License #471009051
Source: Moodyscre
Added: Dec 29, 2023 Changed: Jul 31 Last Checked: Aug 1 at 1:54PM

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.

166 W Washington St offers office suites in a boutique vintage building among towering skyscrapers, with restaurants, public transportation, and shopping nearby for day-to-day business convenience.

The available space includes 5 rooms, with availability subject to 45 days notice to the current tenant. It can also be leased as a single room, depending on operational needs.

Recent updates have reactivated exposed brick and raftered ceilings in many suites, adding distinctive architectural character while keeping layouts flexible. The building’s small floor plate supports an elevator that serves all tenants, helping create a consistent experience for occupants.

The space totals 1,273 SF and is positioned for office users seeking a compact footprint in a central downtown setting.

Key Highlights

  • 5 rooms available with 45 days notice
  • Can also lease single room
  • 1,273 SF office suite

Property Analytics

Current Use

R.A. Grela and Associates, ... Consultant Michelle Coffey Alternative Medicine Practice Hello Gorgeous Face ... Spa & Massage Center Kevin Grady: Allstate ... Insurance Agency Ventana Partners Ltd Real Estate Agency

Suggested Use

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$0.71 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

41,763
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

$28.7 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,166 SF
Avg Space Size

This space is priced 84% below the average of $28.7 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Downtown Chicago office suites with recent updates restoring exposed brick and raftered ceilings across multiple rooms.
Where is this office units located?
The property is located at 166 W Washington St Chicago, IL.
What is the lease rate?
The lease rate is $13.20 SF/Yr.
What are key features of this property?
This property features: 5 rooms available with 45 days notice; Can also lease single room; 1,273 SF office suite
(312) 263-8787 Call to check price and availability
More about this property
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