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Vintage Office Space in Chicago
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166 W Washington St, Chicago, IL 60602

Boutique office space in a historic downtown building for rent.

Space Size1,537 SF
Property Size33,446 SF
Days on Market2920

Property Features for 166 W Washington St

General Information

Standard status Active
Size 1,537 SF
Class C
Property subtype Office
Lease Type Gross

Building Details

Building Size 33,446 SF
Year Built 1890
Tenancy Multiple

Spaces For Lease

at 166 W Washington St Contact us

Suite 700

Size
1,537 SF
Type
Office
Lease Type
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 15 Last Checked: Aug 24 at 11:02AM

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.

Located in the Central Loop, 166 West Washington is a vintage building featuring exposed brick and raftered ceilings in select suites. The building's small floor plate provides elevator identity for all tenants. The location offers proximity to City Hall, Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and CTA buses and trains, as well as various dining, shopping, and entertainment options.

Key Highlights

  • Prime Central Loop location: Steps from City Hall, Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and all CTA transportation.
  • Rare, affordable option in downtown Chicago due to aggressive price structure.
  • Boutique, vintage building with reactivated exposed brick and raftered ceilings.

Property Analytics

Current Use

R.A. Grela and Associates, ... Urban Planning Department 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

NNN (Triple Net)
Lease Type
$1.41 /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

$29.78 /SF/Yr
Avg Asking Price
$7–$133 /SF/Yr
Price Range
14,248 SF
Avg Space Size

This space is priced 69% below the average of $29.78 /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 - Boutique office space in a historic downtown building for rent.
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 $9.38 SF/Yr.
What are key features of this property?
This property features: Prime Central Loop location: Steps from City Hall, Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and all CTA transportation.; Rare, affordable option in downtown Chicago due to aggressive price structure.; Boutique, vintage building with reactivated exposed brick and raftered ceilings.
(312) 263-8787 Call to check price and availability
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