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Modern Office Space With High Ceilings
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550 W Washington Blvd, Chicago, IL 60661

Modern office space offers ample natural light, high ceilings, and customizable floor plans for flexible business needs.

Property Size24,671 SF
Days on Market411

Property Features for 550 W Washington Blvd

General Information

Standard status Active
Size 24,671 SF
Property subtype OFFICE
Listing Agency: Bradford Allen - Corporate
Listed By: Andy DeMoss
Source: Moodyscre
Added: Jun 19, 2025 Changed: Jul 26 Last Checked: Aug 2 at 3:59AM

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 uses, with a versatile layout and customizable floor plans to support different operational requirements. The interior features ample natural light and high ceilings, helping create an open, bright feel throughout the space.

The property is located at 550 W Washington Blvd in Chicago, IL 60661. While specific building amenities and accessibility details are not provided, the offering is presented as adaptable work space suitable for businesses seeking configuration flexibility.

With a provided total area of 24,671 square feet, the space can be tailored to fit tenant needs based on the available floor plan options described in the listing.

Key Highlights

  • Ample natural light throughout the office space
  • High ceilings
  • Customizable floor plans to suit different business needs

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

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

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 - Modern office space offers ample natural light, high ceilings, and customizable floor plans for flexible business needs.
Where is this office building located?
The property is located at 550 W Washington Blvd Chicago, IL.
What are key features of this property?
This property features: Ample natural light throughout the office space; High ceilings; Customizable floor plans to suit different business needs
(312) 515-8692 Call to check price and availability
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