West Loop Boutique Office/Retail
For Lease
$35 SF/Yr
1020 W Madison Street, Chicago, IL 60607
Boutique office/retail space in Chicago's vibrant West Loop.
Space Size4,500 SF
Property Size15,000 SF
Days on Market210
Property Features for 1020 W Madison Street
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
15,000 SF
Year Built
2013
Spaces For Lease
at 1020 W Madison Street
2nd Floor
$35/SF/Yr
Size
4,500 SF
Type
Creative/Loft
Term
Negotiable
Listing Agency:
Bradford Allen Realty Services Chicago
Listed By:
Craig A. Nadborne
(312) 994-5796
Source:
Bradfordallen
Added: Mar 6
Changed: Sep 10
Last Checked: Oct 1 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradford Allen Realty Services Chicago
Investment Insights
Based on property information with market context.
Located at the corner of Madison and Carpenter, 1020 W Madison offers a boutique office and retail opportunity in Chicago’s West Loop. The building provides 4,500 square feet of modern, open space featuring exposed brick, hardwood floors, and natural light. Tenants benefit from a full floor suite with elevator identity and in-suite restrooms, along with visibility and signage potential. The space is a corner unit with ample natural light. It is a concrete loft with hardwood floors and open space with two private bathrooms. The acclaimed Monteverde Restaurant & Pastificio is located on the ground floor. Situated three blocks from the Morgan CTA station and near dining, retail, and residential developments, this address places businesses in Chicago’s growing neighborhood.
Key Highlights
- Prime West Loop location, Chicago's fastest‑growing neighborhood.
- 4,500 SF of modern, open space suitable for office or retail.**
- Full floor suite with elevator identity.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
8,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
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Market
Lease Benchmarks for Chicago, IL
$29.27 /SF/Yr
Avg Asking Price
$4.8–$133 /SF/Yr
Price Range
16,313 SF
Avg Space Size
This space is priced 20% above the average of $29.27 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office units - Boutique office/retail space in Chicago's vibrant West Loop.
Where is this office units located?
The property is located at 1020 W Madison Street Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Prime West Loop location, Chicago's fastest‑growing neighborhood.; 4,500 SF of modern, open space suitable for office or retail.**; Full floor suite with elevator identity.
