175 W Washington St Chicago, IL 60602
For Sale
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This three-story, 22,820-square-foot Class B office building at 175 W Washington St, Chicago, IL 60602, presents a compelling owner-user opportunity. Built in 1933, this vacant property boasts a desirable location in the heart of Chicago's Central Loop, the second largest commercial business district in North America. The building features approximately 7,500 square feet per floor (first two floors), a 5,200-square-foot mezzanine, and a 2,450-square-foot third floor. The interior is currently built out for office and retail use. This fee-simple property sits on a 0.19-acre lot and is designated as an "orange-tag" property by the Chicago Landmarks Association, reflecting its historical significance. The asking price is $4,840,000, translating to $212.09 per square foot. The property's permitted zoning is DC-16. The building's address is 175 W Washington St, Cook County, Illinois. The property includes one building with three stories. Parcel numbers are 17-09-457-006-0000 and 17-457-011-0000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.