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    1141 W Madison St Chicago, IL 60607

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    For Lease
    $35 SF/Yr ($8,458 /Mo)

    Retail space in high-traffic West Loop location.

    Property size:
    2,900 SF
    Lot size:
    0.07 Acres

    Property Features for 1141 W Madison St

    General Information

    Size
    2,900 SF
    Lot size
    0.07 Acres

    Source: CRE Advising Agent Marc Bombicino

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

    Overview

    West Loop Retail Space Available

    This 2,900-square-foot retail space is located in a highly populated area of the West Loop neighborhood. The property benefits from substantial foot and vehicle traffic. The existing layout includes an open area, a full bathroom, and a kitchen. While currently configured as a salon, the space is suitable for a variety of retail uses. The location offers convenient access to the Kennedy and Eisenhower Expressways (I-90/94), as well as the CTA Morgan Green/Pink Line station. The surrounding neighborhood features a mix of loft office space, residential condominiums and apartments, restaurants, taverns, nightclubs, and street retail. The property is situated near numerous restaurants, retail establishments, and nightlife options.
    Location Intelligence

    Current Use by Public Records

    Dr. Dina Pavilonis Family Practice Physician Integrative Psychotherapy | Holistic ... Medical Clinic the skin spa Spa FedEx Drop Box Mailing Service Green Circle Wellness ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.655901
    Latitude
    41.881338

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    FAQs

    What type of property is this?
    Retail space - Retail space in high-traffic West Loop location.
    Where is this retail space located?
    The property is located at 1141 W Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Highly populated West Loop location with high foot and vehicle traffic.; - Easy access to 90/94 (Kennedy & Eisenhower Expressways) and CTA Morgan Green/Pink Line station.; - Includes open space, full bathroom, and kitchen.
    (312) 448-6401
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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
    1141 W Madison St Chicago, IL 60607
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