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Modern Office Space with High Ceilings
For Lease
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550 W Washington Blvd, Chicago, IL 60661

Modern, well-appointed office space offering flexible layout options with ample natural light and high ceilings.

Property Size24,548 SF
Days on Market411

Property Features for 550 W Washington Blvd

General Information

Standard status Active
Size 24,548 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Bradford Allen - Corporate
Listed By: Andy DeMoss
Source: Moodyscre
Added: Jun 19, 2025 Changed: Jul 25 Last Checked: Aug 2 at 2:37PM

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 Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

This modern, well-appointed commercial space is designed for a range of office needs, with a versatile layout that can be customized through configurable floor plans. The space benefits from ample natural light and high ceilings, creating an open, bright work environment.

The property is offered for rent at 550 W Washington Blvd in Chicago, IL 60661.

If you’re looking for an office configuration that can adapt to your business requirements, this space provides the flexibility of customizable floor plans along with the comfort of natural light and a high-ceiling interior.

Key Highlights

  • Modern, well‑appointed commercial office space
  • Flexible, versatile layout options to suit a range of business needs
  • Ample natural light

Property Analytics

Current Use

Cornerstone Solutions Business Management Consultant Co-Optim West Loop Coworking & Hybrid Office SCJ Chicago Coworking & Hybrid Office Les Pannes Industrial Manufacturer 550 West Washington Property Management Company

Suggested Use

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

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
$4.20 /SF/Yr
CAM

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

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

This space is priced 20% above the average of $23.25 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Modern, well-appointed office space offering flexible layout options with ample natural light and high ceilings.
Where is this office building located?
The property is located at 550 W Washington Blvd Chicago, IL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Modern, well‑appointed commercial office space; Flexible, versatile layout options to suit a range of business needs; Ample natural light
(312) 515-8692 Call to check price and availability
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