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Fifth-Floor Office Suite

311 S Wacker Dr Unit 510, Chicago, IL 60606

For Lease
New
$19 SF/Yr NNN

Sublease term extends through February 29, 2028, with on-site management and access to nearby rail stations.

Space Size2,761 SF
Days on Market3

Property Features for 311 S Wacker Dr Unit 510

General Information

Standard status Active
Size 2,761 SF
Net Rentable 2,761 SF
Lease Type NNN

Space & Availability

Available Space 2,761 SF
Contiguous Space 2,761 SF
Floor 5
Space Use Office
Sublease Yes

Lease Terms

Lease Rate $19 /SF/YR
Monthly Rent $4,371
Rent per SF/Year $19

Site & Location

Neighborhood Loop
Highway Access Yes
Public Transit Yes

Building Details

Year Built 1990
Listing Agency: Kawash Group
Listed By: Gianni Davila
Source: Realtopiare
Added: Nov 10 Changed: Nov 11 Last Checked: Sep 12 at 10:04AM

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 Kawash Group

Rey
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Investment Insights

Based on property information with market context.

This 2,761-square-foot office suite occupies the fifth floor at 311 South Wacker Drive, a Chicago office tower completed in 1990. The space is available by sublease through February 29, 2028, under an NNN structure. On-site management and building amenities are also noted.

The property is across from Willis Tower in Chicago’s Loop area. Union Station, Ogilvie Transportation Center, and the expressway system are accessible from the building.

Key Highlights

  • 2,761 SF office suite on the 5th floor
  • Sublease term runs through February 29, 2028
  • 311 South Wacker Drive, across from Willis Tower

Property Analytics

Current Use

Attorneys' Liability Assurance ... Insurance Agency Grotefeld Hoffmann Law Firm Roth Fioretti, LLC Law Firm Teradata Chicago (Bike/Boat/Book/etc) Store Equinix Data Center Telecommunications Service

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Nursing Home Florist Adult Day Care Butcher

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

32,224
Businesses Nearby

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

$26.39 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,440 SF
Avg Space Size

This space is priced 28% below the average of $26.39 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Chicago, IL

$28.12 Jul
$29.74 Aug
$28.8 Sep
$26.74 Oct

Properties on Market for Office Units 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 unit - Sublease term extends through February 29, 2028, with on-site management and access to nearby rail stations.
Where is this office unit located?
The property is located at 311 S Wacker Dr Unit 510 Chicago, IL.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: 2,761 SF office suite on the 5th floor; Sublease term runs through February 29, 2028; 311 South Wacker Drive, across from Willis Tower
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