Office for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60606

Description

You’re in good company at 71 South Wacker, a dynamic hub where work and life converge to achieve success through innovative design and a demonstrated commitment to customer care — steps from the conveniences and energy of the West Loop. From stunning architectural design and dynamic art installations to spacious, column-free floorplates, intentional design drives success. A complete collection of amenities — including a second-level amenity experience with fitness, dining and lounge cultivate wellness, collaboration and community. Highlights: - RBA: 1,490,825 SF - 48 Floors Size and Measurements: - Minimum Space Available: 6,546 SF - Total Space Available: 82,565 SF

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 148 days. Compare it against other office listings for sale in Chicago, IL — <a href="/search/sale/office/illinois/chicago">view the full market</a>.

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Chicago?
About 9.8% as of Q1 2026, per Consensus.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$31.18/SF – $42.18/SF

Mid: $36.68/SF

Rate estimator only; cost-of-business estimate unavailable.

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