205 W Randolph St - Randolph Wells Building — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60606
  • Submarket: West Loop
  • Size: 207,506 SF

Photos

205 W Randolph St - Randolph Wells Building — Sale in Chicago, IL, photo 1 of 2
205 W Randolph St - Randolph Wells Building — Sale in Chicago, IL, photo 2 of 2

Description

205 W Randolph offers investors the opportunity to acquire a distinctive office asset at the intersection of Chicago’s West Loop and Central Loop. The property features a strong and diverse tenant mix with meaningful value-add potential through lease-up.

Market Context

This office in Chicago, IL is listed for sale across 207,506 SF. 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

$45.04/SF – $327.53/SF

Mid: $136.47/SF

Estimated price for 207,506 SF: $28,318,344 (range $9,346,070 – $67,964,440)

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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