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    211 Wacker Dr Chicago, IL 60606

    Sponsored
    For Sale
    $1,399,000

    162,000 SF, Turnkey, Prime Wacker Drive Location

    Property size:
    162,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 162,000-square-foot executive office suite, located at 211 W Wacker Drive #200 in Chicago, Illinois, presents a unique investment opportunity. Priced at $1,399,000 ($28 per square foot), this turnkey space boasts a prime location on Wacker Drive, offering unparalleled access to the Loop and River North. Directly across from the Merchandise Mart and steps from the Riverwalk, this property enjoys exceptional visibility and convenience. The suite, situated within an 18-story building constructed in 1929, is currently configured as numerous private offices, easily adaptable to a collaborative open-plan layout. Modern infrastructure includes fiber optic connectivity and a new data closet equipped with Cisco Meraki components. Building amenities include 24-hour access, a daytime doorman, bike room, and loading dock. Recent building upgrades encompass elevator modernization and tuckpointing. The property benefits from proximity to numerous CTA and 'L' train stations, as well as easy access to the Lake Shore Drive and Kennedy/Dan Ryan Expressways. A vibrant array of restaurants, bars, and hotels surround the building, catering to both employees and out-of-town guests. The theater district and Millennium Park are also within easy reach. This fully rehabbed office space offers a blend of classic Chicago architecture and modern functionality, making it an ideal location for discerning businesses.

    Property Features for 211 Wacker Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    162,000 SF

    Building Details

    Year Built
    1929
    Stories
    18

    HighLights

    • $1,399,000 asking price for this 162,000 square foot office building.
    • Executive office space in a prime Wacker Drive location.
    • Fully renovated, turnkey condition with private offices and potential for open collaborative space.
    • Modern infrastructure including fiber optic internet and a new data closet with Cisco Meraki components.
    • Building amenities include 24‑hour access, a doorman (during business hours), bike room, and loading dock.
    • Recently updated building systems, including elevators and exterior tuckpointing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Williams, Farmer & Olechno, ... Family Law Attorney Ted Diamantopoulos attorney ... Personal Injury Attorney Agility Network Services, ... Computer Support And Services Hostway Corporation Web Hosting Company AttorneySync Marketing Agency

    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
    -87.6345906
    Latitude
    41.8864852

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    FAQs

    What type of property is this?
    Office Property / Space - 162,000 SF, Turnkey, Prime Wacker Drive Location
    Where is this office property / space located?
    The property is located at 211 Wacker Dr Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: $1,399,000 asking price for this 162,000 square foot office building.; Executive office space in a prime Wacker Drive location.; Fully renovated, turnkey condition with private offices and potential for open collaborative space.
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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
    211 Wacker Dr Chicago, IL 60606
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