Historic 17-Story Office
For Lease
$23 SF/Yr
205 West Randolph, Chicago, IL 60606
A 17-story office building with basement, originally built in 1914–1915 and later expanded with a south addition.
Space Size463 SF - 7,064 SF
Property Size207,000 SF
Days on Market30
Property Features for 205 West Randolph
General Information
Standard status
Active
Size
463 SF - 7,064 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
207,000 SF
Year Built
1922
Year Renovated
2019
Stories
17
Spaces For Lease
at 205 West Randolph Contact us- Floor
- 1
- Size
- 3,412 SF
- Type
- General Office
- Lease Type
- Full Service
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
103 $40/SF/Yr
- Floor
- 1
- Size
- 463 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
106 $30/SF/Yr
- Floor
- 1
- Size
- 771 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
110 $30/SF/Yr
- Floor
- 10
- Size
- 1,111 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1000 $24/SF/Yr
- Floor
- 10
- Size
- 1,182 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1020 $27/SF/Yr
- Floor
- 11
- Size
- 2,588 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1150 $28/SF/Yr
- Floor
- 12
- Size
- 852 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1200 $24/SF/Yr
- Floor
- 12
- Size
- 1,163 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1205 $27/SF/Yr
- Floor
- 12
- Size
- 1,206 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1250 $28/SF/Yr
- Floor
- 1244
- Size
- 1,244 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
805 $26/SF/Yr
- Floor
- 13
- Size
- 1,068 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1305 $24/SF/Yr
- Floor
- 13
- Size
- 1,906 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1320 $27/SF/Yr
- Floor
- 14
- Size
- 502 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1401 $26/SF/Yr
- Floor
- 14
- Size
- 1,337 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1450 $28/SF/Yr
- Floor
- 15
- Size
- 498 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1510 $23/SF/Yr
- Floor
- 16
- Size
- 865 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1640 $27/SF/Yr
- Floor
- 19
- Size
- 5,085 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1900 $28/SF/Yr
- Floor
- 20
- Size
- 1,506 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2000 $28/SF/Yr
- Floor
- 20
- Size
- 2,434 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2020 $27/SF/Yr
- Floor
- 21
- Size
- 2,023 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2110 $26/SF/Yr
- Floor
- 21
- Size
- 1,367 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2150 $28/SF/Yr
- Floor
- 22
- Size
- 2,231 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2200 $28/SF/Yr
- Floor
- 22
- Size
- 2,048 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
2222 $28/SF/Yr
- Floor
- 26
- Size
- 1,194 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1230 $27/SF/Yr
- Floor
- 4
- Size
- 2,878 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
400 $24/SF/Yr
- Floor
- 4
- Size
- 676 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
401 $24/SF/Yr
- Floor
- 4
- Size
- 2,691 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
410 $27/SF/Yr
- Floor
- 7
- Size
- 657 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
700 $26/SF/Yr
- Floor
- 7
- Size
- 2,055 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
730 $27/SF/Yr
- Floor
- 8
- Size
- 1,767 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
810 $27/SF/Yr
- Floor
- 8
- Size
- 641 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
815 $27/SF/Yr
- Floor
- 8
- Size
- 1,403 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
820 $27/SF/Yr
- Floor
- 9
- Size
- 1,046 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
900 $24/SF/Yr
- Floor
- 9
- Size
- 2,135 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
920 $27/SF/Yr
- Floor
- 9
- Size
- 4,800 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
950 $28/SF/Yr
- Size
- 642 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
1500 $24/SF/Yr
- Size
- 1,188 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
850 $28/SF/Yr
- Size
- 7,064 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Suite 510 $27/SF/Yr
Show more
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #471009051
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 23
Last Checked: Aug 23 at 9:39AM
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
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
23,798
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
$19.11 /SF/Yr
Avg Asking Price
$11–$33 /SF/Yr
Price Range
44,268 SF
Avg Space Size
This space is priced 20% above the average of $19.11 /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 West Randolph 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
