Quick, On-Time,
and Efficiently-Priced.
15 Years of Providing
High-Quality Service.
Email us
Phone: (630) 323-9000
Chicago Loop Office Comparables
Property/Address |
Date
of Sale |
Size
(SF) Yr. Built |
Occupancy |
Price/SF |
Comments Cap Rate |
| 300 N. LaSalle Street Chicago, IL |
7/10 |
1,302,901 2009 |
93% |
$503 |
6.34% |
| 180 N. LaSalle Street Chicago, IL |
5/10 |
770,191 1971 |
74% |
$94 |
7.00% |
| 303 West Madison St. Chicago, IL |
10/09 |
310,880 1987 |
90% |
$194 |
7.75% |
| 2111 West Roosevelt Rd. Chicago, IL |
1/09 |
429,728 2006 |
N/A |
$396 |
N/A |
| 135 S. LaSalle Street Chicago, IL |
7/08 |
1,258,205 1934 |
67% |
$149 |
9.0% |
| 205 W. Wacker Dr. Chicago, IL |
7/08 |
264,000 1927/1993 |
93% |
$116 |
8.0% |
| 900 N. Branch St. Chicago, IL |
7/08 |
189,000 1908/2005 |
100% |
$156 |
Sale Leaseback |
| 247 S. State St Chicago, IL |
6/08 |
289,000 1913/2000 |
63% |
$138 |
Purchased by DePaul Univ. |
| 1 N. Wacker Drive Chicago, IL |
3/08 |
1,340,000 2001 |
98% |
$403 |
|
| 20 N. Clark St. Chicago, IL |
3/08 |
385,000 1980 |
94% |
$152 |
|
| 225 W. Randolph St. Chicago, IL | 12/07 |
800,000 1965 |
100% |
$365 |
6.5% |
| 209 S. LaSalle St. Chicago, IL | 10/07 | 286,000 1888/1991 | 97% | $257 | Historic Rookery Bldg |
| 200 W. Monroe St. Chicago, IL |
10/07 | 536,000 | N/A | $215 | |
| 150 N. Wacker Dr. Chicago, IL |
9/07 | 244,000 1970/2001 |
92% | $232 | |
| 500 W. Monroe St. Chicago, IL |
7/07 | 973,000 1991 |
94% | $344 | |
| 625 N. Michigan Chicago, IL | 02/07 |
349,200 |
92% |
$321 |
6% |
| 825 N. Michigan Chicago, IL | 01/07 |
1,033,000 |
75% |
$373 |
includes retail Hancock Ctr. |
| 200 W. Adams St
Chicago, IL |
12/06 |
677,222 |
91% |
$170 |
|
| 550 W. Adams Chicago, IL | 11/06 |
479,000 |
95% |
$372 |
6.0% |
| 200 N. LaSalle Chicago, IL | 11/06 |
629,000 |
N/A |
$173 |
|
| 311 S. Wacker Chicago, IL | 08/06 |
1,281,000 |
70% |
$242 |
7.35% |
| 111 East Wacker Chicago, IL | 04/06 |
1,013,000 |
86% |
$198 |
6.3% |
| 209 S. LaSalle Chicago, IL | 04/06 |
285,000 |
90% |
$197 |
7.02% |
| 333 W. Wacker Chicago, IL | 03/06 |
869,000 |
90% |
$250 |
7.0% |
| 200 S. Wacker Chicago, IL | 01/06 |
761,000 |
60% |
$165 |
5.53% |
| 55 E. Monroe Chicago, IL |
1/06 |
1,601,744 |
80% |
$149 |
Convert to Condos |
| 111 S. Wacker Chicago, IL |
12/05 |
1,027,683 |
87% |
$399 |
5.5% |
| 550 W. Jackson Chicago, IL |
10/05 |
405,968 |
83% |
$307 |
5.75% |
| 123 N. Wacker Chicago, IL |
9/05 |
537,437 |
94% |
$322 |
6.0% |
| 30 W. Monroe Chicago, IL |
8/05 |
232,450 |
90% |
$191 |
7.0% |
| 300 S. Wacker Chicago, IL |
7/05 |
512,000 |
93% |
$154 |
7.0% |
| 155 N. Wacker Chicago, IL |
4/05 |
226,457 |
60% |
$88 |
11.7% |
| 225 W. Washington Chicago, IL |
4/05 |
479,510 |
80% |
$208 |
5.0% |
| 111 W. Monroe Chicago, IL |
3/05 |
625,696 |
95% |
$182 |
|
| 111 W. Washington Chicago, IL |
3/05 |
579,778 |
84% |
$124 |
7.5% |
| 205 N. Michigan Chicago, IL |
12/04 |
1,944,948 |
85% |
$141 |
6.5% |
| 303 W. Madison Chicago, IL |
12/04 |
310,880 |
83% |
$202 |
7.6% |
| 101 E. Erie Chicago, IL |
11/04 |
321,995 |
91% |
$154 |
|
| 555 W. Monroe Chicago, IL |
11/04 |
420,000 |
90% |
$274 |
7.0% |
| 191 N. Wacker Chicago, IL |
9/04 |
732,000 |
89% |
$303 |
6.0% |
| 211 W. Wacker Chicago, IL |
8/04 |
158,751 |
90% |
$94 |
12% |
| 333 W. Wacker Chicago, IL |
8/04 |
867,821 |
93% |
$240 |
6.4% |
| 444 N. Michigan Chicago, IL |
8/04 |
503,224 |
90% |
$232 |
6.8% Includes Retail |
| 33 N. LaSalle Chicago, IL |
7/04 |
405,000 |
98% |
$148 |
8.6% |
| 222 S. Riverside Chicago, IL |
6/04 |
1,162,782 |
83% |
$165 |
5.1% |
| Sears Tower Chicago, IL |
4/04 |
3,810,000 |
89% |
$220 |
7.75% |
| 122 Michigan Cond Chicago, IL |
2/04 |
350,000 Condo |
80% |
$114 |
9.0% cap |
| 515 N. State Chicago, IL |
1/04 |
622,487 1989 |
96% |
$190 |
8.0% cap |
| 200 W. Monroe Chicago, IL |
10/03 |
625,149 1973 |
95% |
$117 |
10.2% cap |
| 645 N. Michigan Chicago, IL |
9/03 |
199,790 1961 |
90% |
$268 |
7.1% cap |
| 55 W. Monroe St. Chicago, IL |
8/03 |
760,000 1981 |
90% |
$121 |
10.4% cap |
| 55 W. Wacker Chicago, IL |
8/03 |
208,849 1967 |
90% |
$114 |
9.8% cap |
| 120 N. LaSalle Chicago, IL |
7/03 |
381,427 1991 |
95% |
$202 |
6.8% cap |
| 200 E. Randolph Chicago, IL |
5/03 |
2,529,269 1972 |
91% |
$183 |
8.8% cap |
| 225 W. Wacker Chicago, IL |
4/03 |
644,378 1989 |
96% |
$237 |
7.0% cap |
| 625 N. Michigan Chicago, IL |
4/03 |
349,409 1970 |
85% |
$180 |
7.65% cap |
| 200 W. Jackson Chicago, IL |
4/03 |
468,929 1971 |
95% |
$111 |
10.7 % cap |
| 319-325 N. Wells Chicago, IL |
2/03 |
154,523 1912 |
90% |
$71 |
|
| 525 W. Van Buren Chicago, IL |
1/03 |
524,555 2000 |
95% |
$259 |
7.8% cap |
| 150 N. Wacker Chicago, IL |
1/03 |
225,738 1970 |
90% |
$182 |
|
| 55 E. Monroe Chicago, IL |
12/02 |
1,601,744 1999 |
90% |
$183 |
8.5% cap |
| 360 N. Michigan Chicago, IL |
12/02 |
238,921 1923 |
95% |
$98 |
10.7 cap |
| 10 S. LaSalle Chicago, IL |
12/02 |
733,633 1986 |
95% |
$190 |
8.6% cap |
| 1 N. Dearborn Chicago, IL |
12/02 |
876,000 1905 |
88% |
$74 |
10.68% cap |
| 1 N. LaSalle Chicago, IL |
12/02 |
489,923 1930 |
80% |
$67 |
12.3% cap |
| 555 W. Monroe Chicago, IL |
11/02 |
420,000 2002 |
97% |
$237 |
7.6% cap |
| 550 W. Van Buren Chicago, IL |
11/02 |
332,608 1999 |
952% |
$219 |
9.4% cap |
| 311 S. Wacker Chicago, IL |
10/02 |
1,281,000 1990 |
95% |
$214 |
7.5% cap |
| 1 N. Wacker Chicago, IL |
10/02 |
1,340,000 2001 |
93% |
$310 |
6.0% cap |
| 211 W. Wacker Chicago, IL |
9/02 |
148,724 1927 |
71% |
$87 |
9.4% ca |
| 200 N. LaSalle Chicago, IL |
7/02 |
622,667 1984 |
70% |
$100 |
9.5% cap |
| 181 W. Madison Chicago |
7/02 |
936,366 1990 |
95% |
$265 |
8.0% cap |
| 444 N. Michigan Chicago, IL |
6/02 |
503,224 1975 |
93% |
$169 |
9.1% cap |
| 500 W. Monroe Chicago, IL |
2/02 |
952,000 1991 |
97% |
$263 |
8.3% cap |
| 676 N. St. Clair Chicago, IL |
12/01 |
551,409 1981 |
91% |
$130 |
8.22% cap |
| 401 N. Michigan Chicago, IL |
12/01 |
737,308 1966 |
91% |
$163 |
9.10% cap |
| 311 W. Monroe Chicago, IL |
12/01 |
355,000 1969 |
95% |
$82 |
|
| 230 W. Monroe Chicago, IL |
12/01 |
616,788 1971 |
95% |
$104 |
10.8% cap |
| 222 S. Riverside Chicago, IL |
10/01 |
1,162,782 1971 |
92% |
$106 |
8.2% cap |
| 17-35 N. State Chicago, IL |
10/01 |
401,000 1914 |
90% |
$29 |
|
| 225 W. Washington Chicago, IL |
7/01 |
479,510 1987 |
90% |
$179 |
10.5% cap |
| 29 N. Wacker Chicago, IL |
7/01 |
130,022 1961 |
92% |
$140 |
10.9% cap |
| 233 N. Michigan Chicago, IL |
7/01 |
130,022 1972 |
90% |
$177 |
9.4% cap |
| 550 W. Washington Chicago, IL |
5/01 |
371,862 2000 |
95% |
$206 |
8.5% cap |
| 111 W. Washington Chicago, IL |
7/01 |
610,578 1913 |
91% |
$84 |
9.0% cap |
| 321 N. Clark Chicago, IL |
4/01 |
840,000 1989 |
97% |
$159 |
9.7% cap |
| 200 W. Madison Chicago, IL |
2/01 |
930,075 1982 |
85% |
$172 |
9.1% cap |
| 33 N. Dearborn Chicago, IL |
9/00 |
315,321 1966 |
95% |
$112 |
7.7% cap |
| 303 W. Madison Chicago, IL |
9/00 |
290,807 1988 |
95% |
$160 |
10.7% cap |
| 333 W. Wacker Chicago, IL |
8/00 |
826,632 1983 |
93% |
$170 |
8.5% cap |
| 20 S. Clark Chicago, IL |
8/01 |
356,404 1970 |
91% |
$105 |
9.11% cap |
| 55 E. Washington Chicago, IL |
7/00 |
340,000 1927 |
80% |
$44 |
12.7% cap |
| 122 S. Michigan Chicago, IL |
7/00 |
381,427 1991 |
95% |
$202 |
6.81% cap |
| 318 W. Adams Chicago, IL |
7/00 |
146,883 1920 |
100% |
$76 |
Wexford Capital was buyer |
| 645 N. Michigan Chicago, IL |
6/00 |
177,427 1962 |
87% |
$209 |
CB Richard Ellis was buyer |
| 200 W. Jackson Chicago, IL |
6/00 |
458,000 1973 |
87% |
$96 |
Marc Realty was buyer |
| 303 W. Madison Chicago, IL |
5/00 |
290,300 1987 |
94% |
$158 |
CB Richard Ellis was buyer |
| 612 S. Clinton Chicago, IL |
3/00 |
170,000 1920 |
30% |
$35 |
Dantis Co. was buyer |
| 318 W. Adams Chicago, IL |
3/00 |
156,750 1920 |
95% |
$73 |
11.8% cap |
| 4300 W Peterson Chicago, IL |
2/00 |
113,000 1950 |
N/A |
$69 |
Seller:Chicago Skil Assoc. |
| 350 N. LaSalle Chicago, IL |
2/00 |
120,500 1991 |
75% |
$93 |
13.7% cap |
| 200 W. Monroe Chicago, IL |
2/00 |
645,000 1975 |
90% |
$94 |
9% cap |
| 800-40 S. Canal Chicago, IL |
2/00 |
382,600 1941 |
N/A |
$61 |
Bought/Sold via Trusts |
| 600 W. Fulton Chicago, IL |
1/00 |
208,287 1901 |
100% |
$91 |
13.4% cap |
| IBM Plaza Chicago, IL |
12/99 |
1,354,354 1972 |
95% |
$176 |
Also sold in 9/99 |
| 123 N. Wacker Chicago, IL |
11/99 |
562,900 1986 |
N/A |
$155 |
10.03% cap |
| IBM Plaza Chicago, IL |
9/99 |
1,354,354 1972 |
93% |
$161 |
8.9% cap |
| 1 Illinois Center Chicago, IL |
8/99 |
1,048,133 1970 |
91% |
$112 |
7.5% cap rate |
| 820 N. Orleans Chicago, IL |
7/99 |
175,000 1910 |
N/A |
$54 |
11.19% cap rate |
| 328 S. Jefferson Chicago, IL |
7/99 |
285,900 1922 |
N/A |
$25 |
9.25% cap rate |
| 444 N. Michigan Chicago, IL |
7/99 |
594,720 1975 |
80% |
$91 |
5.5% cap rate |
| 77 W. Wacker Chicago, IL |
7/99 |
944,556 1992 |
98% |
$148 |
50% Ownership Sold |
| 100 & 150 S. Wacker Chicago, IL |
2/99 |
1,069,317 1961 & 72 |
88% |
$107 |
9% cap rate |
| 33 W. Monroe Chicago, IL |
1/99 |
843,000 1980 |
98% |
$119 |
Partial ground lease; 6.6% cap rate |
| John Hancock 875 N. Michigan Chicago, IL |
12/98 |
1,065,000 1970 |
94% |
$207 |
$20 million renovation in 1992 |
| Amoco/AON 200 E. Randolph Chicago, IL |
12/98 |
2,529,269 1972 |
98% |
$170 |
Seller/Amoco leased back 900,000 SF sub-let portion to AON |
| 2 N. LaSalle Chicago, IL |
12/98 |
691,766 1979 |
85% |
$90 |
|
| Olympia Centre 737 N. Michigan Chicago, IL |
11/98 |
530,690 1984 |
61% |
$192 |
|
| 200 S. Wacker Chicago, IL |
10/98 |
756,600 1981 |
93% |
$36 |
|
| 59 E. Van Buren Chicago, IL |
10/98 |
197,000 1930 |
75% |
$38 |
|
| 1 N. LaSalle Chicago, IL |
10/98 |
483,983 1930/92 |
49% |
$65 |
|
| 225 W. Wacker Chicago, IL |
10/98 |
644,378 1988 |
98% |
$199 |
8% cap rate |
| 1 N. Dearborn Street Chicago, IL |
9/98 |
901,960 1915/90 |
51% |
$38 |
|
| 1 N. State Chicago, IL |
8/98 |
708,900 1907/91 |
99% |
$104 |
|
| Madison Plaza 200 W. Madison Chicago, IL |
8/98 |
950,000 1982 |
95% |
$205 |
|
| Insurance Exchange 175 W. Jackson Chicago, IL |
7/98 |
1,450,000 1927 |
<50% |
$38 |
|
| 645 N. Michigan Avenue Chicago, IL |
5/98 |
184,671 1962 |
92% |
$201 |
Cap Rate was 7.8%. |
| 300 S. Wacker Drive Chicago, IL |
2/98 |
512,350 1970 |
97% |
$127 |
|
| 33 N. Dearborn Street Chicago, IL |
1/98 |
316,645 1967 |
89% |
$102 |
Cap Rate was 10.0%. |
| Sears Tower 233 S. Wacker Chicago, IL |
12/97 |
3,446,000 1973 |
91% |
$246 |
|
| Chicago Mercantile Exchange 10 & 30 S. Wacker Drive Chicago, IL |
10/97 |
2,003,288 1987 |
95% |
$231 |
Two 40-story Towers. |
| 200 W. Adams Street Chicago, IL |
10/97 |
677,000 1985 |
92% |
$107 |
|
| 30 N. LaSalle Chicago, IL |
6/97 |
925,950 1974/90 |
97% |
$108 |
Cap Rate was 8.0%. |
| 120 N. LaSalle Chicago, IL |
1/97 |
381,000 1991 |
74% |
$104 |