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Loft-Style Office Building
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549 W Randolph St, Chicago, IL 60661

Loft-style office building with a newly renovated lobby and owner-occupied setup.

Space SizeContact for details
Property Size3,353 SF
Days on Market1282

Property Features for 549 W Randolph St

General Information

Standard status Active
Size 3,353 SF
Property subtype OFFICE
Listing Agency: Cushman & Wakefield - Corporate
Listed By: Paige Krueger
Source: Moodyscre
Added: Jan 30, 2023 Changed: Jul 26 Last Checked: Aug 4 at 12:18PM

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 Cushman & Wakefield - Corporate

Investment Insights

Based on property information with market context.

This loft-style office building features an owner-occupied configuration and a lobby guard. The property includes a newly renovated lobby, supporting an organized, professional building experience for daily arrivals.

Located in Chicago’s West Loop area, the building is positioned for tenants seeking space in that market. Rental rates are described as competitive in the provided remarks.

The building’s listing information is provided for leasing use, with the total property size noted as 3,353 square feet.

Key Highlights

  • Owner‑occupied loft‑style office building
  • Newly renovated lobby
  • Lobby guard

Property Analytics

Current Use

Falkor Group (Bike/Boat/Book/etc) Store ARCO/Murray Construction Company Learning Care Group Daycare Center Legat Architects, Inc. Architecture Firm Weaver Law Group Industrial Manufacturer

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Nursing Home Clothing & Fashion Store Adult Day Care 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

24,887
Businesses Nearby

Demographics for 60661, IL

11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.58 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
42,869 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Loft-style office building with a newly renovated lobby and owner-occupied setup.
Where is this office building located?
The property is located at 549 W Randolph St Chicago, IL.
What are key features of this property?
This property features: Owner‑occupied loft‑style office building; Newly renovated lobby; Lobby guard
(312) 470-1800 Call to check price and availability
More about this property
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