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    29 Wacker Dr Chicago, IL 60606

    For Lease
    $31 SF/Yr

    10 Suites Available, 2,606 - 14,305 SF

    Lot size:
    116,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class B office building, located at 29 N Wacker Drive in Chicago's prestigious West Loop submarket, presents a unique opportunity for businesses seeking high-quality space at an affordable price. The 10-story building, constructed in 1961, offers a total of 116,900 square feet, with 68,582 square feet currently available for lease. Individual suites range from 2,606 to 14,305 square feet, providing flexibility for various tenant needs. The building features one elevator for convenient access to all floors. Its prime location on N Wacker Drive, with a cross street of Washington, offers unparalleled accessibility and visibility within the vibrant West Loop business district. The building is well-maintained and provides essential amenities, making it an ideal choice for businesses seeking a blend of value and prestige. The multiple tenancy structure allows for a diverse range of businesses to thrive within this well-situated building. This is a rare opportunity to secure office space in a highly sought-after location at a competitive price point. The building's traditional office layout provides a classic and functional workspace. Don't miss this chance to establish your business in the heart of Chicago's West Loop. The zip code is 60606.

    Property Features for 29 Wacker Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    116,900 SF
    Class
    B
    Total Rate
    301991.67

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    10

    Unit(s) available at that property

    Space
    Suite 200
    Size
    2,845 SF
    Rate per SF
    $35
    Space
    Suite 300
    Size
    14,305 SF
    Rate per SF
    $35
    Space
    Suite 400
    Size
    14,305 SF
    Rate per SF
    $35
    Space
    Suite 602
    Size
    2,606 SF
    Rate per SF
    $31
    Space
    Suite 702
    Size
    2,833 SF
    Rate per SF
    $33
    Space
    Suite 705
    Size
    2,876 SF
    Rate per SF
    $31
    Space
    Suite 900
    Size
    6,887 SF
    Rate per SF
    $35
    Space
    Suite 920
    Size
    7,442 SF
    Rate per SF
    $35
    Space
    Suite 700
    Size
    3,683 SF
    Rate per SF
    $35
    Space
    Suite 1000
    Size
    4,916 SF
    Rate per SF
    $35

    HighLights

    • Class B, 10‑story office building totaling 116,900 square feet at 29 N Wacker Drive, Chicago's West Loop.
    • 68,582 square feet currently available for lease.
    • Suite sizes range from 2,606 to 14,305 square feet.
    • Prime West Loop location at N Wacker & Washington, offering excellent visibility and accessibility.
    • Well‑maintained building with one elevator and classic office layouts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nomura Securities International ... Stock Broker Lee Scott Perres, ... Real Estate Attorney MAC Cosmetics Store BMO Harris Bank Loan Agency Agentis Energy, Inc. Software Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6366167
    Latitude
    41.8828444

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    FAQs

    What type of property is this?
    Office Property / Space - 10 Suites Available, 2,606 - 14,305 SF
    Where is this office property / space located?
    The property is located at 29 Wacker Dr Chicago, IL.
    What is the lease rate?
    The lease rate is $31-$35 SF/Yr.
    What are key features of this property?
    This property features: Class B, 10-story office building totaling 116,900 square feet at 29 N Wacker Drive, Chicago's West Loop.; 68,582 square feet currently available for lease.; Suite sizes range from 2,606 to 14,305 square feet.
    Request Owner's contact information
    29 Wacker Dr Chicago, IL 60606
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    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
    29 Wacker Dr Chicago, IL 60606
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