Historic 17-Story Office
For Lease
Contact for pricing
205 W Randolph St, Chicago, IL 60606
Classically developed in the early 1910s, this 17-story office building includes a basement and later additions.
Property Size2,135 SF
Days on Market69
Property Features for 205 W Randolph St
General Information
Standard status
Active
Size
2,135 SF
Property subtype
OFFICE
Lease Type
SF/yr
Building Details
Year Built
1914
Stories
17
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #471009051
Source:
Moodyscre
Added: May 26
Changed: Jul 26
Last Checked: Aug 1 at 1:17PM
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.
205 W Randolph St is a historic 17-story office building with a basement, developed in two stages. The original structure was erected in 1914 and completed in May 1915, built at the southwest corner of Wells and Randolph as a central office facility.
Six months after construction, the building became known as the People’s Life Building after it was acquired by the People’s Life Insurance Company. A few years later, it was acquired by the Cooperative Society of America, where author Ernest Hemingway worked as an associate editor for the short-lived Cooperative Commonwealth Magazine.
In the late 1920s, the property was purchased by City State Bank, which sponsored a 1928 south addition that later became known as the Randolph-Wells Building. The property is offered for rent, with the building’s multi-stage design and documented historical additions supporting its character and office configuration.
Six months after construction, the building became known as the People’s Life Building after it was acquired by the People’s Life Insurance Company. A few years later, it was acquired by the Cooperative Society of America, where author Ernest Hemingway worked as an associate editor for the short-lived Cooperative Commonwealth Magazine.
In the late 1920s, the property was purchased by City State Bank, which sponsored a 1928 south addition that later became known as the Randolph-Wells Building. The property is offered for rent, with the building’s multi-stage design and documented historical additions supporting its character and office configuration.
Key Highlights
- 17‑story office building with a basement at the southwest corner of Wells and Randolph
- Original structure erected in 1914 and completed in May 1915
- Developed in 2 stages, with a 1928 south addition (Randolph‑Wells Building)
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /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
$28.7 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,166 SF
Avg Space Size
This space is priced 13% below the average of $28.7 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Classically developed in the early 1910s, this 17-story office building includes a basement and later additions.
Where is this office units located?
The property is located at 205 W Randolph St Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 17‑story office building with a basement at the southwest corner of Wells and Randolph; Original structure erected in 1914 and completed in May 1915; Developed in 2 stages, with a 1928 south addition (Randolph‑Wells Building)
