Historic 17-Story Office
For Lease
Contact for pricing
205 W Randolph St, Chicago, IL 60606
A 17-story office building with basement, originally built in 1914–1915 and later expanded with a south addition.
Property Size771 SF
Days on Market69
Property Features for 205 W Randolph St
General Information
Standard status
Active
Size
771 SF
Property subtype
RETAIL
Lease Type
SF/yr
Building Details
Year Built
1915
Stories
17
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #471009051
Source:
Moodyscre
Added: May 26
Changed: Jul 27
Last Checked: Aug 1 at 10:29AM
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.
This historic office building was developed in two stages, with the original structure erected in 1914 and completed in May 1915 as a 17-story office building with a basement at the southwest corner of Wells and Randolph. The property later received a south addition in 1928.
According to the property history, the building was originally intended to consolidate State of Illinois offices into one central location. It was subsequently acquired by the People’s Life Insurance Company and later by the Cooperative Society of America, where Ernest Hemingway worked as an associate editor for the short-lived Cooperative Commonwealth Magazine.
For tenants seeking space in a landmark-style downtown office setting, this offering reflects the building’s long-standing institutional roots and its expanded configuration across the original build and later addition.
According to the property history, the building was originally intended to consolidate State of Illinois offices into one central location. It was subsequently acquired by the People’s Life Insurance Company and later by the Cooperative Society of America, where Ernest Hemingway worked as an associate editor for the short-lived Cooperative Commonwealth Magazine.
For tenants seeking space in a landmark-style downtown office setting, this offering reflects the building’s long-standing institutional roots and its expanded configuration across the original build and later addition.
Key Highlights
- 17‑story office building with a basement at the southwest corner of Wells and Randolph
- Original structure built in 1914, completed May 1915
- Developed in two stages, including a 1928 south addition later known as the Randolph‑Wells Building
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.45 /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
$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size
This space is priced 1% below the average of $23.25 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office building - A 17-story office building with basement, originally built in 1914–1915 and later expanded with a south addition.
Where is this office building located?
The property is located at 205 W Randolph St Chicago, IL.
What is the lease rate?
The lease rate is $23 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 built in 1914, completed May 1915; Developed in two stages, including a 1928 south addition later known as the Randolph‑Wells Building
