Vintage Office Building East
For Lease
Contact for pricing
228 S Wabash Ave, Chicago, IL 60604
Historic 10-story office building with great natural light.
Space Size630 SF - 4,700 SF
Property Size84,000 SF
Days on Market2980
Property Features for 228 S Wabash Ave
General Information
Standard status
Active
Size
630 SF - 4,700 SF
Property subtype
Office
Lease Type
Modified Gross
Site & Location
Neighborhood
Loop
Building Details
Building Size
84,000 SF
Year Built
1930
Tenancy
Multiple
Spaces For Lease
at 228 S Wabash Ave Contact usSuite 900 Active
Size
4,700 SF
Suite 400 Active
Size
630 SF
Suite 700 Active
Size
2,538 SF
Suite 750 Active
Size
2,162 SF
Listing Agency:
Willard Jones Real Estate
Listed By:
Jonathan Zimmerman · License #IL 471009051
(312) 263-8787
Source:
Crexi
Added: Aug 27, 2018
Changed: Oct 15
Last Checked: Oct 23 at 4:09AM
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
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Investment Insights
Based on property information with market context.
The property at 228 S Wabash is a vintage, 10-story building located off the historic Route 66. It offers efficient floor plates and ample natural light, making it suitable for small-to-mid-size office tenants. The building is part of a trio of historical buildings on Wabash. Located in the East Loop, it provides access to Grant and Millennium Parks and is near the heavy foot traffic of Michigan Avenue. Multiple modes of transportation are easily accessible, including the Pedway, CTA buses and trains, the Metra, and public parking garages. The location is within walking distance to the Thompson Center, Daley Center, City Hall, Prudential Plaza, and federal and county courts.
Key Highlights
- Prime East Loop location with proximate access to Grant and Millennium Parks.
- Convenient access to multiple transportation options (Pedway, CTA, Metra, public parking).
- Located off historic Route 66.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
32,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 60604, IL
897
Population
510
Households
1.8
Avg Household Size
34
Median Age
96%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
8,970
Density / Sq Mi
$77,806
Median Household Income
$54,030
Median Earnings
$2,500
Median Rent
$577,700
Median Home Value
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Market
Lease Benchmarks for Chicago, IL
$22.55 /SF/Yr
Avg Asking Price
$11–$46 /SF/Yr
Price Range
51,730 SF
Avg Space Size
This space is priced 11% below the average of $22.55 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Office building - Historic 10-story office building with great natural light.
Where is this office building located?
The property is located at 228 S Wabash Ave Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Prime East Loop location with proximate access to Grant and Millennium Parks.; Convenient access to multiple transportation options (Pedway, CTA, Metra, public parking).; Located off historic Route 66.
