Servicer Sale: 200,000+ SF Downtown Chicago Office Building

Highlights:

• Value-Add Potential at ~62.0% Occupancy- Excellent opportunity to drive value through lease-up and increased occupancy.
• Average 2,426 SF Suite Size Caters to Modern Tenants- Efficient suite sizes appeal to small and mid-sized tenants seeking flexible office footprints.
• Robust Cash Flow Supported by Diverse Tenancy- 36 tenants operating across 11 different industries.
• Strong Tenant Commitment & Long-Term Occupancy- Tenants demonstrate long-standing commitment, evidenced by 13.1 years of weighted average tenure.
• Exceptional Access and Transportation Connectivity- Centrally located within the Chicago CBD with convenient access to CTA “L” lines, Metra stations, and regional transportation networks.
• Immediate Access to Premier Downtown Amenity Set- Located in the West Loop with immediate access to premier dining, retail, and business amenities.

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3030/servicer-sale-200-000-sf-downtown-chicago-office-building?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_3030


Newmark, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the fee-simple ownership interest in 205 W Randolph (the “Property” or “205 W Randolph”), a 23-story office building totaling 207,506 square feet, prominently located just blocks from the Chicago River in Chicago’s West Loop.

205 W Randolph offers investors the opportunity to acquire a distinctive office asset located in the heart of Chicago's office core that provides efficient commuting for Chicagoans and suburbanites alike. The Property is currently 62% occupied with a 3.4-year weighted average lease term and will be 61% occupied after the expiration of known vacates. The Property's value-add potential is underscored by its positive NOI, providing flexibility during the lease-up period.

205 W Randolph is centrally located at the intersection of Chicago’s West Loop and Central Loop, placing the Property within the heart of Chicago’s Central Business District. The Property benefits from exceptional access to public transportation, with multiple CTA “L” lines, Metra stations, and bus routes all within a short walk. This highly walkable location provides convenient connectivity to Chicago’s major employment hubs, neighborhoods, and regional suburbs. The Property’s desirability is further enhanced by its proximity to a deep and diverse amenity base, including West Loop and surrounding area’s dining, retail, and entertainment, as well as the Loop’s core business, cultural, and civic destinations.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: