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Office Building with Renovated Lobby
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549 W Randolph St, Chicago, IL 60661

Office building with a lobby guard and a newly renovated lobby in Chicago’s West Loop.

Space SizeContact for details
Property Size16,742 SF
Days on Market443

Property Features for 549 W Randolph St

General Information

Standard status Active
Size 16,742 SF
Property subtype OFFICE

Amenities

Lobby Guard
Listing Agency: Cushman & Wakefield - Corporate
Listed By: Paige Krueger
Source: Moodyscre
Added: May 18, 2025 Changed: Jul 30 Last Checked: Aug 2 at 8:57AM

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 office building at 549 W Randolph St in Chicago includes approximately 16,742 square feet and is owner occupied. The building features a lobby guard and a newly renovated lobby, supporting a controlled, professional entry experience for occupants and guests.

Located in the West Loop area, the property is presented as an office option in a well-known Chicago submarket. Current remarks emphasize the renovated lobby experience as part of the building’s overall presentation.

The offering is suited to tenants seeking an office location with staffed lobby coverage and a refreshed common entry area, while operating within the building’s existing loft-style structure.

Key Highlights

  • 549 W Randolph St, Chicago, IL 60661
  • Approximately 16,742 square feet
  • Owner occupied building

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 - Office building with a lobby guard and a newly renovated lobby in Chicago’s West Loop.
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: 549 W Randolph St, Chicago, IL 60661; Approximately 16,742 square feet; Owner occupied building
(312) 470-1800 Call to check price and availability
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