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    103-105 W Madison St Chicago, IL 60602

    For Lease
    $23 SF/Yr ($9,008 /Mo)

    Class A retail space in Chicago's Loop neighborhood.

    Property size:
    4,700 SF
    Lot size:
    0.15 Acres

    Property Features for 103-105 W Madison St

    General Information

    Size
    4,700 SF
    Lot size
    0.15 Acres

    Source: Frontline Real Estate Partners, LLC Agent Matthew Tarshis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Retail in Chicago

    This retail space is located at the base of a Class A Office Building in the heart of Chicago’s Loop neighborhood. The location benefits from a daytime population exceeding 549,000 people within a one-mile radius. It is conveniently situated a few blocks from both Union Station and Ogilvie Transportation Center, and within steps of multiple CTA "L" lines. The surrounding area has strong demographics, with a population of over 64,645 within a one-mile radius and an average annual household income exceeding $140,700 per year. The property, offering 4,700 square feet, is black iron compatible.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6312412
    Latitude
    41.8818082

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    FAQs

    What type of property is this?
    Retail space - Class A retail space in Chicago's Loop neighborhood.
    Where is this retail space located?
    The property is located at 103-105 W Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime hard-corner leasing opportunity at base of a Class A Office Building in the heart of Chicago’s Loop neighborhood.; - Daytime population in excess of 549,000 people within a one (1) mile radius.; - Strong demographics with an average annual household income in excess of $140,700 per year within a one (1) mile radius.
    (847) 542-9058
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    103-105 W Madison St Chicago, IL 60602
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    Chicago, IL 60602
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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
    103-105 W Madison St Chicago, IL 60602
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