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Three-Story Office Building
For Sale
$4,840,000

175 W Washington Street, Chicago, IL 60602

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.21 Acres
Days on Market743

Property Features for 175 W Washington Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions Exit 90 94 west at Washington Blvd. Turn right at W. Washington St. Proceed to property on south side of st.
Subdivision CHI - Loop
Standard status Active
APN 17094570060000
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 226404

Utilities

Cooling system Central Air

Building Details

Year built 1933
Floors in Building 3
Listing Agency: Real Broker LLC
Listed By: Rafay Qamar · License #475158420
Added: Aug 20, 2024 Changed: Aug 28 Last Checked: Sep 1 at 3:06AM
MLS# 12138370

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1933, this three-story commercial building contains 22,820 square feet of office and retail space, with central air conditioning throughout. The property also includes a mezzanine and basement areas, providing additional interior space within the building’s configuration. Zoning is designated OFFIC.

The property is located at 175 W. Washington Street in Chicago’s Central Loop district, near City Hall, El and Metra stations, and surrounding restaurants. The building carries an Orange-tag designation from the Chicago Landmarks Association. Its 0.2112-acre site places the improvements within a compact urban setting.

Key Highlights

  • 22,820 SF of office and retail space
  • Three‑story building constructed in 1933
  • 0.2112‑acre property at 175 W. Washington Street

Property Analytics

Current Use

Office buildings

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.

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

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 building - Office and retail space with central air occupies a substantial downtown Chicago commercial building.
Where is this office building located?
The property is located at 175 W Washington Street Chicago, IL.
What is the asking price?
The asking price for this property is $4,840,000.
What are key features of this property?
This property features: 22,820 SF of office and retail space; Three‑story building constructed in 1933; 0.2112‑acre property at 175 W. Washington Street
More about this property
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