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    Property profile & analytics
    OFF-MARKET Estimated value $945,000
    Commercial real estate

    55 Wacker Dr, Chicago, IL 60606

    0.42 ac lot Built 1964
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US28-1427904
    Property summary
    AI-generated overview

    This exceptional 15,779 square foot vacant office condominium, located at 55 W Wacker Drive, Suite 200, Chicago, IL 60601, presents a unique owner-user or value-add investment opportunity in the heart of Chicago's Central Loop. Priced at $1,575,000 ($100/SF), this Class B property offers significant upside potential. The property is a condominium interest, free and clear of debt, with APN 17-09-423: 069, 070, 071, 072, 073, 074, 075, 076, 077, 078, 079, 080, & 081. Its prime location on Wacker Drive, adjacent to the Chicago Riverwalk and just 350 feet from Google's newly acquired Thompson Center, offers unparalleled access to public transportation (Clark/Lake and State/Lake CTA stations, Water Taxi, numerous bus lines), boasting a perfect 100/100 Walk Score and Transit Score. The surrounding area features a dense daytime population (approximately 490,000 within a 1-mile radius) and high average household income (exceeding $152,000 annually). Google's significant investment in the Thompson Center promises further revitalization of the neighborhood. This presents a rare chance to acquire a piece of Chicago's iconic riverfront office market. The low price per square foot is substantially below replacement cost, allowing for significant cost savings for an owner-user or strong cash flow potential for an investor.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1964
    Lot 0.42 ac (18,090 SF)
    APN 17-09-423-208
    UPID US28-1427904
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rozman Legal Group, P.C. Law Firm Child Welfare Organization
    • QSKengines Auto Repair Shop
    • Reflections Of Health Hotel & Motel Resort
    • Saranow Law Group, LLC Law Firm
    • Revisions Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $945k
    Owner & transaction history
    Mirasol INC · 15 yrs held
    Mirasol INC
    since 2010
    Last sale
    $945,000
    1 recorded transaction
    2010
    $2.7M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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