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    1151 W Madison St Chicago, IL 60607

    For Lease
    $35 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    199
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 1151 W Madison St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Number of units
    1
    Architectural style
    Other

    Century 21 S.G.R. Inc (312) 326-2121 [email protected]

    Listing agent Lidia Albanese (312) 326-2121 License #475104763

    Listing date May 23, 2025

    MLS# 12374074 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Loop Retail Opportunity

    Located on Madison Street in Chicago's West Loop, this retail space offers a rental opportunity with generous zoning. The layout includes 4 offices and a large common room. Laminate floors are installed throughout the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eyelashes R Us Beauty Salon

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Law Firm Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6562978
    Latitude
    41.8813796

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Chicago's West Loop.
    Where is this retail space located?
    The property is located at 1151 W Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Located on Madison Street in the West Loop; - Retail rental opportunity; - Generous zoning
    (312) 326-2121
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    Chicago, IL 60607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1151 W Madison St Chicago, IL 60607
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