500 West Monroe Street — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60661
  • Submarket: West Loop

Photos

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Description

609 W Randolph is an 87,000 RSF innovative boutique office building ushering in a new era of flexible and responsive workspaces. The building has an efficient 7,000 SF floorplate with side core to increase centralized sightlines and create a naturally collaborative layout. The 12’8” slab-to-slab height and oversized high performance glass windows spread natural light across the floor for all employees to enjoy. Located in Chicago’s most in-demand neighborhood, 609 W Randolph provides an intimate office environment without sacrificing access to best-in-class amenities like a Penthouse Lounge and Conference Room, a green Rooftop Terrace and Bike Room. A true live, work, play environment in Chicago’s perfect location!

Market Context

This office in Chicago, IL is listed for sale. 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 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Chicago office market tightening or softening?
Vacancy is around 27.2% (Q1 2026).

Estimated Price per SF

$37.63/SF – $273.70/SF

Mid: $114.04/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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