Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Iconic Chicago Temple Office Space Title is generated by Realmo AI

    77 W Washington St, Chicago, IL 60602

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prestigious office spaces in a historic, architecturally significant landmark.

    Type:Office
    Added:
    Nov 1, 2024
    Days on Market:
    569
    Last Refresh:
    May 11 at 11:19 pm

    Property Features for 77 W Washington St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1923

    Spaces For Lease

    at 77 W Washington St Contact us

    Suite 705 $28/Mo

    Size
    1,569 SF
    Type
    Office
    5 offices, storage.
    Contact us

    Suite 1307 $30/Mo

    Size
    475 SF
    Type
    Office
    1 office, waiting room.
    Contact us

    Suite 608 $29/Mo

    Size
    445 SF
    Type
    Office
    Office and waiting room. Can be combined with 613 for 1,609 SF.
    Contact us

    Suite 1613 $29/Mo

    Size
    579 SF
    Type
    Office
    1 office, waiting room. Can be combined with Suite 1615 for 1,113 SF; or Suites 1615...
    show more
    Contact us

    Suite 505 $28/Mo

    Size
    2,639 SF
    Type
    Office
    6 offices, conference room, kitchen, waiting room.
    Contact us

    Suite 501 $31/Mo

    Size
    263 SF
    Type
    Office
    1 office.
    Contact us

    Suite 516 $28/Mo

    Size
    364 SF
    Type
    Office
    1 office, waiting room, storage.
    Contact us

    Suite 604 $29/Mo

    Size
    915 SF
    Type
    Office
    3 offices. Can be combined with Suite 600 for 1,899 SF.
    Contact us

    Suite 617 $28/Mo

    Size
    320 SF
    Type
    Office
    Open space; can be combined with Suite 616 for 726 SF.
    Contact us

    Suite 1009 $28/Mo

    Size
    1,676 SF
    Type
    Office
    5 offices, open area. Can be combined with Suite 1018 for 2,632 SF; or combined with...
    show more
    Contact us

    Suite 1217 $28/Mo

    Size
    1,133 SF
    Type
    Office
    3 offices, waiting room, kitchen.
    Contact us

    Suite 900 $28/Mo

    Size
    12,359 SF
    Type
    Office
    Full floor with 19 offices, conference room, kitchen, open area, file room.
    Contact us

    Suite 1105 $29/Mo

    Size
    1,423 SF
    Type
    Office
    3 offices and a kitchen.
    Contact us

    Suite 1712 $29/Mo

    Size
    363 SF
    Type
    Office
    1 office, waiting room.
    Contact us

    Suite 1112 $30/Mo

    Size
    356 SF
    Type
    Office
    1 office, waiting room.
    Contact us

    Suite 1222 $28/Mo

    Size
    931 SF
    Type
    Office
    2 offices, conference room, open area. Can be combined with Suite 1226 for 1,152...
    show more
    Contact us

    Suite 1314 $35/Mo

    Size
    203 SF
    Type
    Office
    1 office, waiting room.
    Contact us

    Suite 1820 $28/Mo

    Size
    4,365 SF
    Type
    Office
    9 offices, kitchen, storage. Connected to Suite 1920 via an internal stairwell. Can...
    show more
    Contact us

    Suite 1614 $29/Mo

    Size
    363 SF
    Type
    Office
    1 office, waiting room. Can be combined with suite 1616 for 776 SF.
    Contact us

    Suite 1818 $30/Mo

    Size
    944 SF
    Type
    Office
    1 office, open area, storage. Can be combined with Suite 1820 for 5,309 SF.
    Contact us

    Suite 411 $29/Mo

    Size
    363 SF
    Type
    Office
    Contact us

    Suite 511 $28/Mo

    Size
    683 SF
    Type
    Office
    1 office, open area, waiting room. Can be combined with Suite 515 for 1,797 SF.
    Contact us

    Suite 1422 $28/Mo

    Size
    1,121 SF
    Type
    Office
    3 offices, open area, waiting room
    Contact us

    Suite 515 $28/Mo

    Size
    1,159 SF
    Type
    Office
    3 large offices. Can be combined with Suite 511 for 1,797 SF.
    Contact us

    Suite 1719 $25/Mo

    Size
    3,459 SF
    Type
    Office
    8 offices, waiting room, kitchen.
    Contact us

    Suite 613 $28/Mo

    Size
    1,164 SF
    Type
    Office
    2 offices, waiting room, storage.
    Contact us

    Suite 2000 $28/Mo

    Size
    12,265 SF
    Type
    Office
    23 offices, 2 conference rooms, kitchen, storage.
    Contact us

    Suite 1708 $28/Mo

    Size
    1,054 SF
    Type
    Office
    3 offices.
    Contact us

    Suite 1920 $28/Mo

    Size
    3,686 SF
    Type
    Office
    7 offices, kitchen. Connected to Suite 1820 via an internal stairwell.
    Contact us

    Suite 701 $29/Mo

    Size
    1,210 SF
    Type
    Office
    3 offices, waiting room.
    Contact us

    Suite 625 $28/Mo

    Size
    746 SF
    Type
    Office
    2 offices.
    Contact us

    Suite 618 $30/Mo

    Size
    320 SF
    Type
    Office
    Open area.
    Contact us

    Suite 1617 $28/Mo

    Size
    1,083 SF
    Type
    Office
    3 offices. Can be combined with Suite 1615 for 1,671 SF.
    Contact us

    Suite 1211 $28/Mo

    Size
    1,829 SF
    Type
    Office
    3 offices, open area, kitchen.
    Contact us

    Suite 1220 $29/Mo

    Size
    1,877 SF
    Type
    Office
    3 offices, conference room, kitchenette, storage. Furnished Suite.
    Contact us

    Suite 1202 $28/Mo

    Size
    423 SF
    Type
    Office
    1 office, waiting room, workspace area.
    Contact us

    Suite 1201 $32/Mo

    Size
    446 SF
    Type
    Office
    office, waiting room, can combine with Suite 1202 for 869 SF.
    Contact us

    Suite 1305 $28/Mo

    Size
    1,349 SF
    Type
    Office
    Contact us

    Suite 1018 $28/Mo

    Size
    956 SF
    Type
    Office
    3 offices, waiting room. Can be combined with Suite 1009 for 2,632 SF; or with Suite...
    show more
    Contact us

    Suite 1226 $32/Mo

    Size
    221 SF
    Type
    Office
    Open space. Can be combined with suite 1222 for 1,152 SF.
    Contact us

    Suite 1918 $32/Mo

    Size
    260 SF
    Type
    Office
    1 office, waiting room.
    Contact us

    Suite 1218 $29/Mo

    Size
    745 SF
    Type
    Office
    3 offices.
    Contact us

    Suite 1514 $28/Mo

    Size
    784 SF
    Type
    Office
    3 offices.
    Contact us

    Suite 1611 $28/Mo

    Size
    1,640 SF
    Type
    Office
    4 offices with a vault.
    Contact us

    Suite 1020 $26/Mo

    Size
    3,695 SF
    Type
    Office
    8 offices, kitchen, storage. Can be combined with Suite 1018 for 4,651 SF.
    Contact us

    Suite 517 $28/Mo

    Size
    381 SF
    Type
    Office
    open space- combine with 516 for 745 SF
    Contact us

    Suite 520 $25/Mo

    Size
    2,443 SF
    Type
    Office
    4 offices, conference room, open area, kitchen.
    Contact us

    Suite 810 $28/Mo

    Size
    3,897 SF
    Type
    Office
    7 offices, kitchen, storage. Divisible.
    Contact us

    Suite 409 $30/Mo

    Size
    1,641 SF
    Type
    Office
    3 offices, conference room, kitchennmove in ready and furnished
    Contact us

    Suite 812 $28/Mo

    Size
    760 SF
    Type
    Office
    2 offices, open area
    Contact us
    Show more

    We can help!

    Listing Contact
    Jonathan Zimmerman

    Listing agent Jonathan Zimmerman License #IL 471009051

    Listing office Willard Jones Real Estate

    Listing date Nov 1, 2024

    Source Crexi

    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 Willard Jones Real Estate

    HighLights

    • Iconic French Gothic architectural masterpiece in the heart of the Central Loop
    • Prestigious professional office spaces available in a historic landmark building
    • Unparalleled location steps from City Hall, Cook County Building, Daley Plaza, transportation hubs, and amenities
    • Tenant lounge and building conference rooms
    • Part of the Chicago Temple Building, holding the Guinness World Record as the tallest church building
    • Rich history as the home of Chicago's oldest congregation, founded in 1831

    Overview

    The Chicago Temple Building at 77 W Washington offers a unique opportunity to lease office space in one of Chicago's most iconic and architecturally significant buildings. Designed in the French Gothic style by Holabird & Roche, the building is constructed from gray and white Bedford stone. The Chicago Temple Building holds the Guinness World Record as the tallest church building, with a spire reaching 568 feet. The First United Methodist Church of Chicago occupies the lower level and the first four floors, including the sanctuary, administrative offices, classrooms, and choir rooms. Floors five through twenty-one offer professional office spaces for lease. The building provides flexible office spaces, attentive property management, a tenant lounge, and building conference rooms. The Central Loop location is near City Hall, Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and CTA transportation. Endless dining, shopping, and entertainment options are also nearby. Founded in 1831, the First United Methodist Church is Chicago's oldest congregation. The Chicago Temple Building stands as a testament to Chicago’s motto, "Urbs in Horto"—City in a Garden.
    Property Profile Location Intelligence

    Current Use by Public Records

    Charles Bracey Law Firm Fleishman David Law Firm Witt Law, P.C. Law Firm Ziccardi Law Offices Law Firm Mark J. Kupiec, ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6306097
    Latitude
    41.8828473

    Nearby Similar for Lease

    • Contact for pricing
      2,268 SF

      Move-in Ready Medical Office Suite

      2,268 SF medical office space in Chicago's active corridor.
      2400 N Ashland Avenue, Chicago, IL 60614
      View Details
    • Contact for pricing

      Rehabbed Storefront in High-Traffic Corridor

      3,000 SF open storefront in West Town/Humboldt Park.
      2452 W Division Street, Chicago, IL 60622
      View Details
    • Contact for pricing

      Rehabbed Storefront in High-Traffic Corridor

      3,000 SF open storefront ideal for office, retail, or medical.
      2452 W Division Street, Chicago, IL 60622
      View Details
    • Contact for pricing

      Logan Square Corner Retail Opportunity

      Retail space in a high-traffic Logan Square location.
      2950 W Fullerton Avenue, Chicago, IL 60647
      View Details
    • $664,888 SF/Yr

      Turnkey Restaurant Space in River North

      Fully equipped restaurant space in Chicago's River North neighborhood.
      416 W Ontario Street, Chicago, IL 60654
      View Details
    • Contact for pricing

      Versatile Commercial Space in Bronzeville

      Freestanding building with flexible space in a transforming neighborhood.
      5010 S State Street, Chicago, IL 60609
      View Details
    • Contact for pricing

      Bronzeville Commercial Space For Lease

      Freestanding building with flexible space in Chicago's Bronzeville neighborhood.
      5010 S State Street, Chicago, IL 60609
      View Details
    • Contact for pricing

      Bronzeville Commercial Space For Lease

      Freestanding building with flexible space in Chicago's Bronzeville neighborhood.
      5010 S State Street, Chicago, IL 60609
      View Details
    • Contact for pricing
      800 SF

      Chicago Storefront in Galewood/Monteclare

      800 sqft commercial storefront in a vibrant, high-traffic location.
      2376 N Neva Avenue, Chicago, IL 60707
      View Details
    • Contact for pricing
      1,000 SF

      Pulaski Avenue Commercial Office Space

      Commercial office space available on Pulaski Avenue in Chicago.
      6457 S Pulaski Road, Chicago, IL 60629
      View Details
    • Contact for pricing

      Chicago Commercial Space with Parking

      Commercial space with parking lot near Addison Street.
      6021 W Addison Street, Chicago, IL 60634
      View Details
    • Contact for pricing

      Chicago Office Space For Rent

      11,185 sq ft of premier office space in Bronzeville.
      5050 S State Street, Chicago, IL 60609
      View Details

    FAQs

    What type of property is this?
    Office building - Prestigious office spaces in a historic, architecturally significant landmark.
    Where is this office building located?
    The property is located at 77 W Washington St Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Iconic French Gothic architectural masterpiece in the heart of the Central Loop; Prestigious professional office spaces available in a historic landmark building; Unparalleled location steps from City Hall, Cook County Building, Daley Plaza, transportation hubs, and amenities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Zimmerman
    Real Estate License ID: IL 471009051
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    77 W Washington St, Chicago, IL 60602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!