Willoughby Tower Office
For Lease
Contact for pricing
8 S Michigan Ave, Chicago, IL 60603
Historic office building with modern amenities and convenient location.
Space Size214 SF - 6,700 SF
Property Size212,200 SF
Days on Market2201
Property Features for 8 S Michigan Ave
General Information
Standard status
Active
Size
214 SF - 6,700 SF
Class
C
Property subtype
Office
Lease Type
Modified Gross
Building Details
Building Size
212,200 SF
Year Built
1929
Tenancy
Multiple
Spaces For Lease
at 8 S Michigan Ave Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Suite 500 | 6,700 SF | — | — | Active | Contact us |
| Suite 1000 | 6,700 SF | — | — | Active | Contact us |
| Suite 811 | 520 SF | — | — | Active | Contact us |
| Suite 820 | 1,003 SF | — | — | Active | Contact us |
| Suite 900 | 3,131 SF | — | — | Active | Contact us |
| Suite 1100 | 5,829 SF | — | — | Active | Contact us |
| Suite 1210 | 2,333 SF | — | — | Active | Contact us |
| Suite 1230 | 297 SF | — | — | Active | Contact us |
| Suite 1300 | 513 SF | — | — | Active | Contact us |
| Suite 1303 | 752 SF | — | — | Active | Contact us |
| Suite 1305 | 344 SF | — | — | Active | Contact us |
| Suite 1311 | 214 SF | — | — | Active | Contact us |
| Suite 1312 | 243 SF | — | — | Active | Contact us |
| Suite 1401 | 675 SF | — | — | Active | Contact us |
| Suite 1508 | 387 SF | — | — | Active | Contact us |
| Suite 1620 | 806 SF | — | — | Active | Contact us |
| Suite 3500 | 1,851 SF | — | — | Active | Contact us |
| Suite 2211 | 1,204 SF | — | — | Active | Contact us |
| Suite 920 | 1,763 SF | — | — | Active | Contact us |
| Suite 2010 | 565 SF | — | — | Active | Contact us |
| Suite 1400 | 438 SF | — | — | Active | Contact us |
| Suite 616 | 622 SF | — | — | Active | Contact us |
| Suite 1403 | 355 SF | — | — | Active | Contact us |
| Suite 2301 | 2,259 SF | — | — | Active | Contact us |
Show all 24 spaces
Listing Agency:
Marc Realty
Listed By:
Joe Storiz · License #IL
(312) 994-5656
Source:
Crexi
Added: Oct 14, 2020
Changed: Oct 14
Last Checked: Oct 20 at 8:05PM
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 Marc Realty
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Investment Insights
Based on property information with market context.
The Willoughby Tower, situated at 8 S Michigan Avenue, offers a blend of historical architecture and contemporary amenities. The building features a vintage marble lobby and views of Millennium Park and Lake Michigan. Office suites are available, suitable for various professional uses, and include spacious conference rooms and modern kitchens. The property provides a comfortable work environment with on-site management and 24/7 security. High-quality conference rooms are available for tenant use. The location provides convenient access to attractions such as The Art Institute, Block 37, and Cindy's Rooftop. Commuting is facilitated by nearby Millennium Station and multiple CTA transit options. Its location and features make it suitable for businesses in downtown Chicago.
Key Highlights
- Prime location on Michigan Avenue with STUNNING VIEWS of Millennium Park and Lake Michigan.
- Modern amenities including HIGH‑QUALITY CONFERENCE ROOMS and modern kitchens.
- Convenient commuting with nearby Millennium Station and multiple CTA transit options.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
28,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 60603, IL
1,288
Population
984
Households
1.3
Avg Household Size
38
Median Age
92%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
12,880
Density / Sq Mi
$128,107
Median Household Income
$86,484
Median Earnings
$2,104
Median Rent
$608,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$22.55 /SF/Yr
Avg Asking Price
$11–$46 /SF/Yr
Price Range
51,730 SF
Avg Space Size
This space is priced 6% above the average of $22.55 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office building - Historic office building with modern amenities and convenient location.
Where is this office building located?
The property is located at 8 S Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Prime location on Michigan Avenue with STUNNING VIEWS of Millennium Park and Lake Michigan.; Modern amenities including HIGH‑QUALITY CONFERENCE ROOMS and modern kitchens.; Convenient commuting with nearby Millennium Station and multiple CTA transit options.
