Office in Chicago, IL — Sale in Chicago, IL

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

Description

200 West Madison’s all-new amenities puts hospitality-inspired spaces and services just an elevator ride away. The full floor Amenity Center includes 10 private Conferencing Spaces, Lounge Areas, Game Room, Bar, Golf Simulator, and Fitness Center. The 24/7 concierge service with access through the building app, access to Starbucks through the lobby, subterranean parking garage and indoor, heating bike parking all aid in providing the best experience for tenant’s and their employees. The building boasts a unique sawtooth design and a luminous three-story glass atrium lobby and impressive sustainability credentials. It is the first building in Illinois, and second in the world, to have been certified LEED Gold using the new LEED Dynamic Plaque platform.

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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