121 West Wacker

121 West Wacker offers a prime investment opportunity in the heart of Chicago’s Central Business District. This 441,034-square-foot Class A office tower, built in 1930 and extensively renovated in 2017, features 41 stories and 83 covered parking spaces.

Currently at 63% occupancy, the property presents significant lease-up potential with 426,161 square feet of available space, ideal for investors seeking value-add opportunities in a premier location. In-place rents average $24 per square foot, approximately 4.5% below market rates, highlighting the upside potential through lease adjustments and absorption.

The property's location at 121 West Wacker Drive provides unparalleled connectivity and access to Chicago's vibrant downtown amenities and public transportation network. The combination of a prestigious address, modernized infrastructure, and competitive positioning within the submarket makes this asset an attractive option for institutional investors looking to capitalize on market growth and operational improvements. With a blend of historical character and modern upgrades, 121 West Wacker is well-positioned for long-term value creation.