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Property profile & analytics
FOR LEASE
Office buildings
225 West Wacker Dr Chicago, IL 60606
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-1167839
For Lease
1 / 16
$1,805,000
225 West Wacker Dr, Chicago, IL 60606
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
645,800 SF
Lot
0.13 ac (5,715 SF)
APN
17-09-413-001
UPID
US28-1167839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Young Jonathan W Law Firm
-
Amer Academy-Esthetic Dentist Dentist Association / Organization
-
Landmark Worldwide Training Center
-
Boston Consulting Group - Advanced Capabilities Center Business Management Consultant
-
Arcadis Illinois Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.81M
Owner & transaction history
225 West Wacker Owner LLC · 6 yrs held
225 West Wacker Owner LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,254,560
Tax year 2022
Assessed value
$6,099,504
Assessed 2022
Previous assessed
$6,173,555
-1.2% YoY
Effective rate
20.57%
On assessed value
Assessed land
$857,250
Assessed improvement
$5,242,254
Land market value
$3,429,000
Improvement market value
$20,969,016
Total market value
$24,398,016
Applied tax rate
76,015.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1988
Heating
NONE
Stories
30
Total area
645,800 SF
Lot
0.13 ac (5,715 SF)
APN
17-09-413-001
UPID
US28-1167839
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
30
Lot
0.13 ac
Current owner
From public records · entity-resolved
225 West Wacker Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
225 W WACKER DR STE #425, CHICAGO, IL 60606-1280
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2020
—
225 West Wacker Owner LLC
—
Deed
related
$158,100,000 · Rbc R/e Cap Corp
Jun 15, 2020
—
225 West Wacker Owner LLC
Maps 225 West Wacker LLC
Quit Claim Deed
related
—
May 31, 2018
—
Maps 225 West Wacker LLC
—
Grant Deed
related
$133,100,000 · Mufg Union Bk NA
Oct 5, 2016
—
Maps 225 West Wacker LLC
—
Deed
related
$115,000,000 · Miscellaneous Ins Co
May 21, 2013
$99,000,000
Maps 225 West Wacker LLC
225 West Wacker Acquisition Co
Warranty Deed
related
$115,000,000 · Miscellaneous Ins Co
Apr 24, 2003
—
225 West Wacker Acquisition Co
National Office Partners LP
Grant Deed
related
—
—
—
Maps 225 West Wacker LLC
—
Loan Modification
related
$115,000,000 · Miscellaneous Ins Co
—
—
225 West Wacker Owner LLC
—
Deed Of Trust
related
$158,100,000 · Rbc R/e Cap Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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