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Seven-Story Creative Office Building

24 E Washington St, Chicago, IL 60602

For Sale
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Redeveloped in 2020, the building includes conference facilities, a fitness center, and a rooftop terrace.

Property Size632,400 SF
Days on Market50

Property Features for 24 E Washington St

General Information

Standard status Active
Size 632,400 SF
Net Rentable 632,400 SF
Property subtype OFFICE

Site & Location

Neighborhood Loop
Public Transit Yes

Amenities

modern conference facilities
fitness center
hotel-style tenant lounge with bar
spacious rooftop terrace
free 24/7 secured bike room
direct access to Chicago Pedway

Building Details

Year Renovated 2020
Buildings 1
Stories 7
Building Size 632,400 SF
Tenancy Multi
Listing Agency: JLL
Listed By: Bruce Miller
Source: Moodyscre
Added: Sep 22 Changed: Oct 25 Last Checked: Nov 10 at 7:26AM

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 JLL

Rey
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Investment Insights

Based on property information with market context.

This seven-story creative office building occupies the former Marshall Field’s building, designed by Daniel Burnham. A redevelopment completed in 2020 added modern conference facilities, a fitness center, a tenant lounge with bar, a rooftop terrace, and a secured bike room available around the clock. The property also connects directly to the Chicago Pedway.

The building is near Millennium Park and the Google campus, with retail, restaurants, and hotels in the surrounding area. Access includes all seven CTA train lines, direct connections to O’Hare and Midway airports, and convenient connections to Ogilvie and Union stations.

Since the redevelopment, leasing has averaged 84,200 RSF annually. New leases signed since 2024 total more than 204,000 RSF, representing 32% of the property. Nearly 60% of occupied space is leased to corporate headquarters and institutional-quality tenants. Olam Americas occupies 12.6% of total RSF through March 2039. The building has a 6.9-year WALT and 4.8% three-year rollover.

Key Highlights

  • Seven stories; redevelopment completed in 2020
  • Conference facilities, fitness center, tenant lounge with bar, rooftop terrace, and secured 24/7 bike room
  • Direct connection to the Chicago Pedway and access to all seven CTA train lines

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Illinois Equal Justice ... Charitable Organization Elevate K-12 (Bike/Boat/Book/etc) Store 24 East Washington Property Management Company Numerator Advertising Agency Spot, Inc. Logistics Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Adult Day Care Buffet Pet Grooming Service 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

40,863
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Redeveloped in 2020, the building includes conference facilities, a fitness center, and a rooftop terrace.
Where is this office building located?
The property is located at 24 E Washington St Chicago, IL.
What are key features of this property?
This property features: Seven stories; redevelopment completed in 2020; Conference facilities, fitness center, tenant lounge with bar, rooftop terrace, and secured 24/7 bike room; Direct connection to the Chicago Pedway and access to all seven CTA train lines
(312) 228-2340 · Office Call to check price and availability
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