55 West Monroe — Sale in Chicago, IL

  • Price: $7.9M
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60603
  • Year built: 1981

Description

Jones Lang LaSalle (Illinois), L.P. (“JLL”) as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 55 West Monroe (the “Property”), an 815,074 RSF, 40-story office building located in the Central Loop of Chicago. Ideally situated at the southwest corner of Monroe and Dearborn Streets, the Property offers unsurpassed access to the financial markets and government and civic center in the City in addition to exceptional panoramic views. At 19.3% leased with 4.0 years of remaining average lease term (“WALT”), the Property provides an investor the rare opportunity to acquire an office asset at a substantial discount to replacement cost and substantially increase NOI through the lease up of 657,000 square feet. Characterized by the abundance of natural light through its north facing windows, the Property’s transitioning occupancy status makes it a prime repositioning candidate. All inquiries regarding this asset should be directed to JLL.

Market Context

This commercial property in Chicago, IL is listed for sale at $7,918,000. The building dates to 1981. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Chicago, IL — view the full market.

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