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Prestigious Chicago Loop Office Space
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181 W Madison St, Chicago, IL

Class A office space in amenity-rich, 50-story building.

Property Size5,979 SF
Lot Size0.69 Acres
Days on Market1389

Property Features for 181 W Madison St

General Information

Standard status Active
Size 5,979 SF
Lot size 0.69 Acres
Property subtype OFFICE
Listing Agency: Transwestern | Chicago
Listed By: Mark Buth
Source: Moodyscre
Added: Oct 13, 2022 Changed: Jul 6 Last Checked: Aug 1 at 4:54AM

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 Transwestern | Chicago

Investment Insights

Based on property information with market context.

Located in the heart of the Chicago Loop, this Class A office space is situated within a 50-story trophy property built in 1990. The building, home to a number of prestigious tenants, offers a dynamic work experience with outstanding amenities and events. The property provides an amenity-rich environment and convenient perks, including executive Conference and Wellness Centers and an onsite concierge. With 26 elevators and a typical floor size of 22,000 square feet, the building offers spaces with views and open floor plans. Modern spec suites are available to suit various needs. The property provides engaging events for tenants to create a culture and community within the building, such as watching games on a media wall or playing in a 3-on-3 tournament in the lobby. The listing size is 952,559 square feet, and the available space is 5,979 square feet.

Key Highlights

  • Prestigious Class A office building in the heart of the Chicago Loop.
  • Enjoy an amenity‑rich environment including executive Conference and Wellness Centers, and onsite concierge.
  • Dynamic work experience with engaging tenant events creating a strong community.

Property Analytics

Current Use

Marmon Food Services ... Big Box & Wholesale Store Merlin Law Group, ... Law Firm Conley Robert A Law Firm Cornerstone Research Economic Consultant Quantitative Risk Management Financial Advisor

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

38,744
Businesses Nearby

Market

Lease Benchmarks for Chicago, IL

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class A office space in amenity-rich, 50-story building.
Where is this office building located?
The property is located at 181 W Madison St Chicago, IL.
What are key features of this property?
This property features: Prestigious Class A office building in the heart of the Chicago Loop.; Enjoy an amenity‑rich environment including executive Conference and Wellness Centers, and onsite concierge.; Dynamic work experience with engaging tenant events creating a strong community.
(312) 558-3860 Call to check price and availability
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