Wrigley Building Could Be Up For Sale For More Than $200M: Report

CHICAGO, IL — The city's iconic Wrigley Building could be headed to the selling block, and it could net the owners a considerably tidy profit if it goes for more than $200 million as expected. The ownership group, which includes majority investor BDT Capital Partners, paid $33 million for the building in 2011, according to the Chicago Tribune.

The exact asking price for the building isn't known, the report stated. Most of the building's office space is currently leased, and only two retail spots are vacant, the report added.

Built in 1921, the two-towered, terra cotta-tiled Wrigley Building was the headquarters for the chewing gum company for years before its move to Goose Island offices. The current owners, which also includes Groupon co-founders Brad Keywell and Eric Lefkofsky, spent $70 million to renovate the 472,000-square-foot building at 400 and 410 N. Michigan Ave., and added retail tenants, such as Walgreens, Peet’s Coffee and Ghirardelli.

The riverfront building was the first in Chicago to have air conditioning, and it was named a Chicago landmark in 2012.

More via the Chicago Tribune

The Wrigley Building (Photo by Scott Olson | Getty Images News | Getty Images)