1929 S Halsted St, Chicago, IL — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60608

Description

50,000 SF Loft Office Building for Sale in Pilsen's Gallery District 50,000 SF building featuring 7 floors (including basement) with ±7k SF floor plates, 17' x 19' column spacing, 16'0" clear on the 1st floor and 12'0" clear on the 2nd - 5th floors, freight and passenger elevator, tons of natural lighting & potential for rooftop terrace. Available immediately.

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 197 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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