Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    55 Wacker Dr Chicago, IL 60601

    Sponsored
    For Sale
    $1,065,000

    Prime Chicago location, vacant, value-add opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 6,100 square foot vacant Class B office condominium, located at 55 W Wacker Drive, Suite 350 in Chicago's Central Loop, presents a unique value-add investment opportunity. The property boasts a prime location, just 350 feet from Google's newly acquired Thompson Center, promising significant future development and increased foot traffic. Offered at $1,065,000, this represents a substantial below-replacement-cost acquisition, ideal for owner-occupancy or lease-up. The unit benefits from exceptional transit access, with proximity to multiple CTA "L" lines and bus routes, achieving a perfect 100/100 Walk Score and Transit Score. Its location adjacent to the Chicago Riverwalk and its strong demographics (490,000 daytime population within 1 mile, average household income exceeding $152,000) further enhance its appeal. The property is a condominium interest, free and clear of debt, with APN 17-09-423: 090, 091, 092, & 093. This rare opportunity to own a piece of 55 West Wacker Drive, one of Chicago's premier office locations, offers significant potential for long-term growth and return on investment.

    Property Features for 55 Wacker Dr

    General Information

    Property type
    Office Properties & Spaces
    Class
    B

    HighLights

    • $1,065,000 asking price for a vacant 6,100 square foot Class B office condo in Chicago's Loop.
    • Value‑add opportunity with below‑replacement‑cost price per square foot, ideal for owner‑users or investors.
    • Rare opportunity to acquire space at 55 W Wacker Drive, a prime Chicago riverfront location.
    • Excellent transit access, steps from multiple CTA lines and the Chicago Riverwalk, boasting a perfect Walk Score and Transit Score.
    • Adjacent to the Chicago Riverwalk, a popular tourist destination.
    • Strong demographics with a large daytime population and high average household income within a one‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rozman Legal Group, ... Family Law Attorney QSKengines Oil Change Service Reflections Of Health Casino Saranow Law Group, ... Real Estate Attorney Revisions Gym

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6300142
    Latitude
    41.8865033

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000
      0.46 Acres

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces in Bronzeville.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000
      0.46 Acres

      Bronzeville Collection Prairie Ave Lofts

      31-unit renovated multifamily property in Chicago's Bronzeville neighborhood.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • New
      $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,699,000
      Pending

      Six-Unit Multifamily Building in Chicago

      Well-maintained, fully rented six-unit building with architectural details.
      1509 W Thomas St, Chicago, IL 60642
      View Details
    • $1,399,000
      0.19 Acres

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in vibrant West Town.
      526 N Western Ave, Chicago, IL 60612
      View Details
    • New
      $1,049,000

      Four-Unit Multifamily Investment Opportunity

      Four units in Chicago's east Washington Park neighborhood.
      5644 S Prairie Ave, Chicago, IL 60637
      View Details
    • New
      $1,049,500

      Washington Park Four-Unit Multifamily Property

      Four-unit multifamily property in east Washington Park, Chicago.
      5331 S Calumet Ave, Chicago, IL 60615
      View Details
    • $4,000,000

      Renovated 9-Unit Building in Chicago

      Fully renovated 9-unit building near Hyde Park and lakefront.
      442-444 E 48Th St, Chicago, IL 60615
      View Details
    • New
      $449,000

      Three-Unit Brick Building in Chicago

      Legal three-unit building with refurbishment potential in a vibrant neighborhood.
      321 N Avers Ave, Chicago, IL 60624
      View Details
    • $1,365,000
      0.17 Acres

      South Shore Multifamily Investment Opportunity

      Value-add 12-unit property near Lake Michigan and public transportation.
      7839 S Kingston Ave, Chicago, IL 60649
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Chicago location, vacant, value-add opportunity
    Where is this office property / space located?
    The property is located at 55 Wacker Dr Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,065,000.
    What are key features of this property?
    This property features: $1,065,000 asking price for a vacant 6,100 square foot Class B office condo in Chicago's Loop.; Value-add opportunity with below-replacement-cost price per square foot, ideal for owner-users or investors.; Rare opportunity to acquire space at 55 W Wacker Drive, a prime Chicago riverfront location.
    Request Owner's contact information
    55 Wacker Dr Chicago, IL 60601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Wacker Dr
    Chicago, IL 60601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Wacker Dr Chicago, IL 60601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.