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Prime Retail Space on State
For Lease
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9 W Madison St, Chicago, IL

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

Space Size5,300 SF
Lot Size0.22 Acres
Days on Market1046

Property Features for 9 W Madison St

General Information

Standard status Active
Size 5,300 SF
Lot size 0.22 Acres
Property subtype RETAIL

Spaces For Lease

at 9 W Madison St Contact us

2 South State St

Floor
2
Size
5,300 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Chicago Building houses 190 student residence facility for the School of the Art...
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Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Jaime Bertsche
Source: Moodyscre
Added: Oct 26, 2023 Changed: Sep 5 Last Checked: Sep 5 at 2:35PM

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 Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Student residence facility for the School of the Art Institute.
  • Located in the Chicago Building.
  • High pedestrian traffic: 20,278 daily average on weekdays.

Property Analytics

Current Use

Sullivan Center Tour Operator Schlesinger & Mayer (Carson, ... Tour Operator Mc Eneaney Cheryl ... Physician Big City Optical ... Eye Care Center

Suggested Use

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

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

35,699
Businesses Nearby
94k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 38% Shops & Services 34% Apparel 15% Dining 13%
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.4 miles
BP Shops & Services
25,664 visits/mo 0.3 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.1 miles
McDonald's Dining
9,419 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.5 miles

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size

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 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) 954-7223 Call to check price and availability
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