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Financial
Distress signals
Property profile

191 North Wacker Dr Chicago, IL 60606

FOR LEASE
Office buildings
Property ID
US28-2513477
294,400 SF 0.58 ac lot Built 1990
Last sale Dec 2014 · $261,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
191 North Wacker Dr, Chicago, IL 60606 For Lease
$46 SF/Yr 10,528 SF available
191 North Wacker Dr, Chicago, IL 60606
View Listing

Property summary

AI-generated overview

191 N Wacker Dr is a 37-story office building constructed in 2003 and renovated in 2017. The building contains flexible office floorplates of approximately 25,000 square feet, supporting a total building size of about 733,759 square feet. Office spaces feature 13-foot ceilings and a former conference-center layout that includes a reception area, two large conference rooms, and a kitchen. The property holds LEED certification at the Platinum level, along with BOMA 360 and Energy Star…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$9.89M
Tax billed · 2022
Assessed value$48.08M
Assessed land$2.99M
Assessed improvement$45.09M
Effective rate20.57%

Value estimate

· Oct 2026
$48.06M
$43.25M – $52.86M
NOI build-up
Gross scheduled income$404k
Vacancy & credit loss−$103k
Operating expenses−$75k
NOI · 491,063.04% cap applied$226k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

Cap rate analysis

How does the asset earn?
491,063.04%
$226k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store24.3
Laundromat13.0
Auto Repair Shop10.5

Location

191 North Wacker Dr Chicago, IL 60606
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
311 Washington, Chicago, IL 60606-3220 $894,000 Apr 2025 449,500 SF
300 Adams, Chicago, IL 60606-5101 $2,000,000 Jan 2024 217,800 SF
225 Washington St, Chicago, IL 60606-3486 $82,625,000 Mar 2022 430,000 SF
23 Franklin, Chicago, IL 60606 $82,625,000 Mar 2022 430,000 SF
200 Jackson, Chicago, IL 60606-6910 $130,000,000 Feb 2022 517,200 SF
225 Lk, Chicago, IL 60606-1803 $2,000,000 Jun 2020 645,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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