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Willoughby Tower Office Space
For Lease
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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 Market2155

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

Suite 500

Size
6,700 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1000

Size
6,700 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 811

Size
520 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 820

Size
1,003 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 900

Size
3,131 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1100

Size
5,829 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1210

Size
2,333 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1230

Size
297 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1300

Size
513 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1303

Size
752 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1305

Size
344 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 1311

Size
214 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 1312

Size
243 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1401

Size
675 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1508

Size
387 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1620

Size
806 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 3500

Size
1,851 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 2211

Size
1,204 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 920

Size
1,763 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 2010

Size
565 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1400

Size
438 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 616

Size
622 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 2301

Size
2,259 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Marc Realty
Listed By: Joe Storiz · License #IL
Source: Crexi
Added: Oct 14, 2020 Changed: Aug 31 Last Checked: Sep 7 at 6:43AM

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

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

Current Use

DLV Productions, Inc Photography Service Next Level Construction ... Construction Company Olympian Diamonds Big Box & Wholesale Store The Chicago Jewelry Buyers (Bike/Boat/Book/etc) Store Ben Jacobson Consultants, ... Tech Support Center

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pet Grooming Service Building Supply (Bike/Boat/Book/etc) Store Butcher

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
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

28,530
Businesses Nearby

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

Market

Lease Benchmarks for Chicago, IL

$19.35 /SF/Yr
Avg Asking Price
$11–$34 /SF/Yr
Price Range
44,480 SF
Avg Space Size

This space is priced 24% above the average of $19.35 /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
Questions? Ask Rey
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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.
(312) 884-5400 Call to check price and availability
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