312-338-7866
225 W Wacker Dr, Chicago, IL for Sale
Office - FOR SALE
1/24
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225 W Wacker Dr
Chicago, IL 60606
Chicago Loop


HIGHLIGHTS

  • Iconic, Trophy-Quality, Riverfront Office Tower with Coveted Wacker Drive Address
  • Transformative Building Renovation & Amenitization
  • Global Headquarters - Quality Office Tower
  • "Y" in the Chicago River: Downtown Chicago's "Main-and-Main" Fortress Location
  • Discount to Replacement Costs with Limited Pipeline Looking Forward

OVERVIEW

Set along the iconic bend of the Chicago River, 225 West Wacker Drive presents a rare opportunity to acquire a headquarters-quality Class A office tower in one of the nation’s premier urban cores. Cushman & Wakefield’s National Office Investment Advisory Group has been exclusively retained to market the 100 percent fee simple interest in this architecturally significant 31-story asset. Featuring design collaboration between Kohn Pederson Fox and Perkins+Will, the tower delivers a modern, light-filled workplace environment distinguished by its panoramic riverfront views and presence along Chicago’s celebrated Riverwalk. The property totals 650,812 square feet and has undergone a series of transformative renovations since 2020, positioning it among the most desirable office offerings in downtown Chicago. Recent enhancements include an elevated lobby experience, upgraded tenant amenities, refreshed common areas, and modernization of major building systems. These improvements align the asset with the evolving demands of post-pandemic occupancy trends and create an immediate runway for value creation under new ownership. Strategically located at the southern transition of Wacker Drive, 225 West Wacker sits at Chicago’s “Main-and-Main” address—placing tenants at the nexus of River North, the West Loop, and Fulton Market. This walkable and amenity-rich environment continues to be the city’s most competitive business district, with deep talent access and connectivity to all CTA and Metra transit lines. As Chicago’s office market continues its recovery and leasing momentum accelerates, the property is primed to benefit from increased tenant demand, improved rental rate trajectories, and sustained absorption within the core CBD. This Offering represents a compelling opportunity to acquire a modernized, institutionally maintained, riverfront office tower with significant operational upside at a time when high-quality assets are positioned to outperform the broader market.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

225 West Wacker

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

31

BUILDING CLASS

A

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

233

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

DC-16

APN/PARCEL ID

17-09-413-001-0000,17-09-413-002-0000,17-09-413-003-0000,17-09-415-001-0000,17-09-415-002-0000,17-09-415-003-0000,17-09-415-004-0000

ASK ABOUT THIS PROPERTY

Thomas SitzCushman & WakefieldMore Info
312-338-7866

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Thomas SitzCushman & WakefieldMore Info
312-338-7866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.