1110 South Oakley Boulevard
Chicago, IL 60612
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Office For Sale - Available February 2026
New Listing: 30,000 SF Headquarters Fully Leased by State of Illinois, 25 Year Tenant Tenure, Just Signed 5th Renewal
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Dominic Soltero
CBRE, Inc. is exclusively representing the sale of 1110 South Oakley Boulevard (“The Property”), a fully leased government property investment in Chicago’s Tri-Taylor neighborhood. This ±30,000 square foot, three-story building is currently fully leased to the Illinois Department of Corrections for use as its headquarters office. Tenant has occupied the property for over 25 years due to its close proximity to nearby correctional facilities and courts and is anticipated to continue as a reliable tenant well into the future due to limited nearby available office space which can accommodate the Department of Corrections’ use.
This headquarters property is centrally located for all of Chicago’s Sergeants, Lieutenants and Captains for the Illinois Department of Corrections.
The State of Illinois (Department of Corrections) has an A- S&P Global Credit Rating.
Investment Highlights:
• Government headquarters building for parolees and parole officers, only 1 of 3 in the State of Illinois
• Tenant requires a standalone building making 1110 South Oakley an ideal headquarters site
• Current Rent for tenant is well below Market Rent of $30.50 PSF in South Chicago Sub-Market
• Tenant is on their 5th lease renewal, proving their commitment to the Site and Area
To view the Offering Memorandum, please visit the Property Website using the link above.
This headquarters property is centrally located for all of Chicago’s Sergeants, Lieutenants and Captains for the Illinois Department of Corrections.
The State of Illinois (Department of Corrections) has an A- S&P Global Credit Rating.
Investment Highlights:
• Government headquarters building for parolees and parole officers, only 1 of 3 in the State of Illinois
• Tenant requires a standalone building making 1110 South Oakley an ideal headquarters site
• Current Rent for tenant is well below Market Rent of $30.50 PSF in South Chicago Sub-Market
• Tenant is on their 5th lease renewal, proving their commitment to the Site and Area
To view the Offering Memorandum, please visit the Property Website using the link above.
The South Chicago office submarket has a vacancy rate of 4.5% as of the first quarter of 2026. Over the past year, the submarket’s vacancy rate has changed by -0.2%, a result of 47,000 SF of net delivered space and 120,000 SF of net absorption.
South Chicago’s vacancy rate of 4.5% compares to the submarket’s five-year average of 4.4% and the 10-year average of 5.1%. Overall submarket vacancy is forecast to end 2026 at 4.0%.
The South Chicago office submarket has roughly 990,000 SF of space listed as available, for an availability rate of 5.2%. As of the first quarter of 2026, there is 61,000 SF of office space under construction in South Chicago.
South Chicago contains 18.8 million SF of inventory, compared to 496 million SF of inventory metro wide. Average rents in South Chicago are roughly $30.00/SF, compared to the wider Chicago market average of
$29.00/SF.
Rents have changed by 0.0% year over year in South Chicago, compared to a change of -0.1% metro wide. Annual rent growth of 0.0% in South Chicago compares to the submarket’s five-year average of 3.6% and its 10-year average of 3.6%. Overall annual rent growth in the South Chicago office submarket is forecast to end 2026 at 2.6% compared to the Chicago average of 1.1%.
South Chicago’s vacancy rate of 4.5% compares to the submarket’s five-year average of 4.4% and the 10-year average of 5.1%. Overall submarket vacancy is forecast to end 2026 at 4.0%.
The South Chicago office submarket has roughly 990,000 SF of space listed as available, for an availability rate of 5.2%. As of the first quarter of 2026, there is 61,000 SF of office space under construction in South Chicago.
South Chicago contains 18.8 million SF of inventory, compared to 496 million SF of inventory metro wide. Average rents in South Chicago are roughly $30.00/SF, compared to the wider Chicago market average of
$29.00/SF.
Rents have changed by 0.0% year over year in South Chicago, compared to a change of -0.1% metro wide. Annual rent growth of 0.0% in South Chicago compares to the submarket’s five-year average of 3.6% and its 10-year average of 3.6%. Overall annual rent growth in the South Chicago office submarket is forecast to end 2026 at 2.6% compared to the Chicago average of 1.1%.
Entire Building
30,000 sqft
Office
Status
Available
Sale Price
Contact Broker For Pricing
Get in touch
Dominic Soltero