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    1 Wacker Dr Chicago, IL 60601

    For Lease
    Contact for pricing

    Prime Loop location, 2,100 sq ft available

    Lot size:
    482,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2,100 square foot retail space is situated within the prestigious Renaissance Chicago Downtown Hotel, a 27-story, 560-room luxury establishment at 1 W Wacker Dr, Chicago, IL 60601. Built in 1991 and renovated in 2016, the building boasts a prime location in the Loop submarket of Cook County, overlooking the Chicago River at the bustling intersection of Wacker Drive and State Street. The space is part of a larger 482,300 square foot building with multiple tenants, offering excellent visibility and access to a high volume of foot traffic. The property features convenient elevator access and sits on 1.15 acres of land. This retail opportunity allows businesses to join a vibrant retail corridor alongside established high-end restaurants and retailers such as Chicago Cut, Soul Cycle, Prime & Provisions, AceBounce, Flight Club, and Chase. The space is immediately available.

    Property Features for 1 Wacker Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    482,300 SF

    Building Details

    Year Built/Renovated
    1991/2016
    Stories
    27

    Unit(s) available at that property

    Space
    Space 1
    Size
    2,100 SF

    HighLights

    • 2,100 SF retail space available for immediate occupancy.
    • Located within the prestigious Renaissance Chicago Downtown Hotel (1 W Wacker Dr, Chicago, IL 60601).
    • Prime Loop location at Wacker Drive and State Street, overlooking the Chicago River.
    • Part of a 482,300 SF building with high foot traffic and excellent visibility.
    • Convenient elevator access.
    • Situated in a vibrant retail corridor with high‑end neighbors including Chicago Cut, Soul Cycle, and others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lakota Group Urban Planning Department Manhard Consulting Civil Engineering Company HNTB Corporation Engineering Consultant TottisLaw Attorney Robert Marc Chemers Insurance Attorney

    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
    -87.628299213012
    Latitude
    41.885745538886

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    FAQs

    What type of property is this?
    Retail property - Prime Loop location, 2,100 sq ft available
    Where is this retail property located?
    The property is located at 1 Wacker Dr Chicago, IL.
    What are key features of this property?
    This property features: 2,100 SF retail space available for immediate occupancy.; Located within the prestigious Renaissance Chicago Downtown Hotel (1 W Wacker Dr, Chicago, IL 60601).; Prime Loop location at Wacker Drive and State Street, overlooking the Chicago River.
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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
    1 Wacker Dr Chicago, IL 60601
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