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Office Suite with Madison Frontage
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120 W Madison St, Chicago, IL 60602

Office suite with Madison Street frontage, including an on-site conference center and secure bike room.

Space SizeContact for details
Property Size1,137 SF
Days on Market1264

Property Features for 120 W Madison St

General Information

Standard status Active
Size 1,137 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Public Transit Yes

Amenities

manned security
conference center
bike room

Spaces For Lease

at 120 W Madison St Contact us

120 W Madison St $24/SF/Yr

Contact us
Listing Agency: Bradford Allen - Corporate
Listed By: Katrina Dougherty · License #475186946
Source: Moodyscre
Added: Feb 17, 2023 Changed: Jul 29 Last Checked: Aug 3 at 11:36AM

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 Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

This office suite includes existing conditions with frontage on Madison. The property offers building amenities that include a conference center and a secure bike room, along with manned security.

Located with Madison frontage, 120 W Madison is positioned in Chicago’s CBD. The remarks note it is within three blocks of all CTA lines, as well as the Daley Center, county building, and major banks and corporations.

The available space is suited for an office user looking for an established suite in a secured, amenity-supported office setting within the central business district.

Key Highlights

  • Office suite with Madison Street frontage
  • On‑site conference center
  • Secure bike room on‑site

Property 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

Demographics for 60602, IL

1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.93 /SF/Yr
Avg Asking Price
$5.5–$133 /SF/Yr
Price Range
13,686 SF
Avg Space Size

This space is priced 14% below the average of $27.93 /SF/Yr.

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office suite with Madison Street frontage, including an on-site conference center and secure bike room.
Where is this office units 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: Office suite with Madison Street frontage; On‑site conference center; Secure bike room on‑site
(630) 945-7779 Call to check price and availability
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