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    120 W Madison St Chicago, IL 60602

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    For Lease
    $28 SF/Yr ($3,175 /Mo)

    Retail space in central loop corridor, ideal for restaurants.

    Property size:
    1,361 SF
    Lot size:
    0.21 Acres

    Property Features for 120 W Madison St

    General Information

    Size
    1,361 SF
    Lot size
    0.21 Acres

    Source: JLL - Corporate Agent Peter Caruso

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

    Overview

    Prime Retail Space in Chicago

    Available for lease is a retail space located at 120 W Madison St, Chicago, Illinois. Situated in the densely populated central loop corridor, this location is suitable for quick-service restaurants. The property is near Chase Plaza, Citadel Center, City Hall, James R. Thompson Center, and the Richard J. Daley Center, serving a daytime office population of over 566,858 employees within a two-block radius. The site is also positioned among institutions such as the Cadillac Palace Theatre, Oriental Theatre, and the Private Bank Theatre, with seven hotels nearby. Accessible by all modes of transportation, including the Washington/Wells Blue Line station and the Madison & Clark bus station, the property is surrounded by national, regional, and local tenants. The property has a size of 1361 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thompson Law Group ... Legal Services L. Bradley Law, ... Law Firm Listo Technical Services Computer Store Staver Accident Injury ... Personal Injury Attorney The Attorney's Clerk Attorney Referral Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6317164
    Latitude
    41.8823185

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    FAQs

    What type of property is this?
    Retail space - Retail space in central loop corridor, ideal for restaurants.
    Where is this retail space located?
    The property is located at 120 W Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Located in the densely populated central loop corridor.; - Serves a captive daytime office population of more than 566,858 employees within a two-block radius.; - Ideal for two quick-service restaurant users.
    (312) 782-5800
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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
    120 W Madison St Chicago, IL 60602
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