10 Riverside Plaza — Sale in Chicago, IL

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

Description

We believe a building experience should make work-life easier – minimizing friction to maximize happiness and productivity. When work-life flows, business grows. 10 & 120 Riverside Plaza has achieved that necessary balance between office and lifestyle that is not only good for your people, but good for your business - ultimately helping with recruitment and top talent retention:   1. Bluescape - Prominently situated on the increasingly sought-after riverfront, offices provide sweeping views of water. 2. Vitamin D – Massive sunlight exposures enhance workforce wellbeing, performance and quality of life. 3. Great Outdoors – Filled with trees, benches and heightened by amazing river views, the existing plaza will be further enhanced with a brand-new redesign and amenity package sure to give others office envy. 4. Blank Canvas – Massive open floorplates of 36k RSF and ~10.4% loss factor allow for hyper efficient office layouts that open you up to endless design creativity. Taxes: $9.57/SF (2020 Est) Opex: $9.90/SF (2020 Est) Total Expenses: $19.47/SF (2020 Est)

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 196 days. Compare it against other office listings for sale in Chicago, IL — view the full market.

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: multiple brokerage reports, Q1 2026.

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 multiple brokerage reports.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

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