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Loft-Style Office Building
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566 W Adams St, Chicago, IL 60661

Office building with sky-high ceilings, plentiful natural light, central HVAC, and updated elevators.

Property Size1,250 SF
Days on Market69

Property Features for 566 W Adams St

General Information

Standard status Active
Size 1,250 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes

Amenities

high ceilings
natural light
modernized elevators
common area
central HVAC
janitorial service
onsite management
Listing Agency: Willard Jones Real Estate
Listed By: Jonathan Zimmerman · License #471009051
Source: Moodyscre
Added: May 26 Changed: Jul 28 Last Checked: Aug 1 at 1:01PM

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 Willard Jones Real Estate

Investment Insights

Based on property information with market context.

566 W Adams is a loft-style office building offered for rent. The property features sky-high ceilings and plentiful natural light, along with central HVAC. Common areas and elevators have been newly modernized, and the building includes 5-night janitorial service.

The location is positioned within minutes of multiple major transportation options, including Ogilvie and Union Station, expressways, and several CTA train and bus lines, with multiple parking options available nearby.

Onsite long-term ownership and responsive management are noted for the building.

Key Highlights

  • West Loop loft office building with sky‑high ceilings and plentiful natural light
  • Central HVAC system
  • Newly modernized elevators and updated common areas

Property Analytics

Current Use

USHEALTH Advisors Chicago Insurance Agency Faier James M Law Firm CSA Partners Ltd. ... Architecture Firm Matrix Partners Ltd Marketing & Advertising uBid Corporate Office

Suggested Use

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

21,863
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 23% 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 - Office building with sky-high ceilings, plentiful natural light, central HVAC, and updated elevators.
Where is this office building located?
The property is located at 566 W Adams St Chicago, IL.
What is the lease rate?
The lease rate is $28.50 SF/Yr.
What are key features of this property?
This property features: West Loop loft office building with sky‑high ceilings and plentiful natural light; Central HVAC system; Newly modernized elevators and updated common areas
(312) 263-8787 Call to check price and availability
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