Full-Floor Office with River
For Sale
Contact for pricing
55 W wacker Drive #1401, Chicago, IL 60601
Flexible suites range from compact office space to a full-floor configuration in Chicago’s Loop.
Property Size14,000 SF
Price / SF$0.00
Days on Market27
Property Features for 55 W wacker Drive #1401
General Information
Standard status
Active
Size
14,000 SF
Net Rentable
14,000 SF
Property subtype
Office
Site & Location
Neighborhood
Loop
Public Transit
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1967
Listing Agency:
Coldwell Banker Realty
(312) 266-7000
Listed By:
Kevin Sullivan
(773) 391-2084
Source:
Helenoliveri
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 31 at 9:16PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space at 55 W Wacker Drive offers a full-floor configuration with options ranging from 2,000 to 14,000 RSF. Floor-to-ceiling windows face the Chicago River, bringing natural light and river views into the workspace. The building dates to 1967.
The property is at Wacker Drive and Dearborn Street in Chicago’s Loop. Nearby destinations include the Daley Center, Cook County Courts, City Hall, and the James R. Thompson Center. Clark/Lake CTA and Metra stations provide nearby transit access, with riverfront dining and the Theater District also in the surrounding area.
The property is at Wacker Drive and Dearborn Street in Chicago’s Loop. Nearby destinations include the Daley Center, Cook County Courts, City Hall, and the James R. Thompson Center. Clark/Lake CTA and Metra stations provide nearby transit access, with riverfront dining and the Theater District also in the surrounding area.
Key Highlights
- Full‑floor office configuration with space options from 2,000 to 14,000 RSF
- Floor‑to‑ceiling windows overlooking the Chicago River
- Located at Wacker Drive and Dearborn Street in Chicago’s Loop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,384
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,007,680
$6.0M
Cap Rate 7%
$4,291,200
$4.3M
Cap Rate 9%
$3,337,600
$3.3M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$537.6K $38.40/SF
− Vacancy
−$137.1K −$9.79/SF
EGI
$400.5K $28.61/SF
− OpEx
−$100.1K −$7.15/SF
NOI
$300.4K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,007,680
Cap Rate 7%
$4,291,200
Cap Rate 9%
$3,337,600
Alternative Uses
Best Use
Office B
$4.29M
$3.75M – $5.01M
NOI $300,384 @ 7.0% cap · market cap 1,365,381.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.78M – $7.70M
NOI $462,067 @ 7.0% cap · market cap 2,100,304.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 60601, IL
15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office unit - Flexible suites range from compact office space to a full-floor configuration in Chicago’s Loop.
Where is this office unit located?
The property is located at 55 W wacker Drive #1401 Chicago, IL.
What are key features of this property?
This property features: Full‑floor office configuration with space options from 2,000 to 14,000 RSF; Floor‑to‑ceiling windows overlooking the Chicago River; Located at Wacker Drive and Dearborn Street in Chicago’s Loop
