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Prime Retail Space in Chicago
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120 W Madison St, Chicago, IL

Retail space in central loop corridor, ideal for restaurants.

Space Size100 SF - 7,157 SF
Lot Size0.21 Acres
Days on Market1400

Property Features for 120 W Madison St

General Information

Standard status Active
Size 100 SF - 7,157 SF
Lot size 0.21 Acres
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 120 W Madison St Contact us
Name Size Type Rate Availability
120 W Madison St 100 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
120 W Madison St 3,000 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
120 W Madison St 1,361 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
120 W Madison St 807 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,800 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 3,706 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 4,668 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 2,320 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,809 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 879 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,418 SF OFFICE $27/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,170 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 2,325 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 4,004 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 6,092 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 7,157 SF OFFICE $31/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 3,037 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,144 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 2,749 SF OFFICE $28/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,137 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,684 SF OFFICE $27/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 2,892 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,044 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 1,128 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
120 W Madison St 699 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
Listing Agency: JLL - Corporate
Listed By: Peter Caruso · License #475144084
Source: Moodyscre
Added: Dec 8, 2022 Changed: Sep 2 Last Checked: Oct 7 at 10:41AM

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 JLL - Corporate

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

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Open Analytics

Current Use

Thompson Law Group ... Law Firm L. Bradley Law, ... Law Firm Listo Technical Services Electronics & Wireless Store Staver Accident Injury ... Law Firm The Attorney's Clerk Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Adult Day Care Butcher Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

41,763
Businesses Nearby
77k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 47% Dining 30% Apparel 18% Shops & Services 6%
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.3 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.3 miles
Lou Malnati's Pizzeria Dining
7,637 visits/mo 0.5 miles
The Smith Dining
6,546 visits/mo 0.4 miles
Dunkin' Donuts Dining
6,222 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$25.49 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,917 SF
Avg Space Size

This space is priced 6% below the average of $25.49 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

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 $24 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) 228-2926 Call to check price and availability
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