Photo: Gautam Krishnan / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. In 2019, a buyer paid $64 million for a Chicago Loop landmark. The next buyer may pay about $11 million. That's the expected price for 55 East Jackson Boulevard, a 22-story office building of about 452,000 square feet, according to The Real Deal, which cited sources quoted by Crain's. Bids are expected to come in around $25 per square foot. The building has…
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It Sold for $64 Million in 2019. This Chicago Landmark Could Now Go for $11 Million.
Chicago’s 55 East Jackson could attract bids near $11 million after a $64 million building purchase in 2019. Land rights and conversion costs remain key.
