121 W Wacker Dr
Chicago, IL 60601 Chicago Loop

121 West Wacker presents a rare opportunity to acquire a majority interest in a repositioned, Art Deco office tower in the heart of downtown Chicago. Situated prominently along the Chicago River at the intersection of Wacker Drive and LaSalle Street, this 41-story architectural icon offers investors a compelling blend of historical character and modern functionality. The building has undergone a comprehensive renovation, including a refreshed lobby and a 24th-floor tenant amenity center, positioning it as a preferred destination for tenants seeking a central, transit-oriented location with vintage charm.

Currently 63% leased to a diverse mix of 54 tenants, the property benefits from a granular rent roll and a balanced rollover schedule, with a weighted average lease term of four years. Ownership has achieved above-market leasing velocity, driven by the building’s irreplaceable location and upgraded infrastructure. The offering includes 426,161 square feet of net rentable area, representing 96.6% of the building’s total, and includes valuable street-level retail that diversifies income and offers additional upside.

With its fortress riverfront positioning, timeless design, and proven leasing momentum, 121 West Wacker offers investors a stable, income-producing asset with long-term value appreciation potential in one of the nation’s most resilient office markets.