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    9 W Madison St Chicago, IL 60602

    For Lease
    Contact for pricing

    Retail space in high-traffic Chicago Building near public transit.

    Property size:
    5,300 SF
    Lot size:
    0.22 Acres

    Property Features for 9 W Madison St

    General Information

    Size
    5,300 SF
    Lot size
    0.22 Acres

    Source: Mid-America Real Estate Group Agent Jaime Bertsche

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

    Overview

    Prime Retail Space on State

    This retail space is located in the Chicago Building, which houses a 190-student residence facility for the School of the Art Institute. Situated on State Street, the property benefits from high pedestrian traffic, with an average of 20,278 pedestrians daily between Madison and Monroe Streets. The building is one block north of the Red Line 'L' stop at Monroe, which serves approximately 3.3 million annual riders. The property offers 5,300 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Sullivan Center Historical Landmark Schlesinger & Mayer (Carson, ... Historical Landmark Mc Eneaney Cheryl ... Optometrist Big City Optical ... Eye Care Center

    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
    -87.627304
    Latitude
    41.88182

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    FAQs

    What type of property is this?
    Retail space - Retail space in high-traffic Chicago Building near public transit.
    Where is this retail space located?
    The property is located at 9 W Madison St Chicago, IL.
    What are key features of this property?
    This property features: - Student residence facility for the School of the Art Institute.; - Located in the Chicago Building.; - High pedestrian traffic: **20,278 daily average on weekdays.**
    (630) 954-7300
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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
    9 W Madison St Chicago, IL 60602
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