Central Loop Office
For Lease
Contact for pricing
123 W Madison St, Chicago, IL 60602
Office building in the Central Loop near major transit and downtown civic destinations.
Space Size804 SF - 3,731 SF
Property Size70,000 SF
Days on Market2932
Property Features for 123 W Madison St
General Information
Standard status
Active
Size
804 SF - 3,731 SF
Property subtype
Office
Lease Type
Modified Gross
Building Details
Building Size
70,000 SF
Year Built
1913
Tenancy
Multiple
Spaces For Lease
at 123 W Madison St Contact us- Size
- 3,096 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Lower Level
- Size
- 1,303 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1005
- Size
- 2,927 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1300
- Size
- 804 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1310
- Size
- 1,539 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1400
- Size
- 911 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1425
- Size
- 848 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1704
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1800
- Size
- 1,675 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1900
- Size
- 2,056 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1950
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 200
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 2000
- Size
- 2,154 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 2100
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 2200
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 300
- Size
- 3,731 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 500
- Size
- 2,690 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
Suite 600
- Size
- 1,938 SF
- Type
- Office
- Lease Type
- Net
- Availability
- Active
Retail
- Size
- 3,731 SF
- Type
- Office
- Availability
- Active
Suite 1100
- Size
- 3,731 SF
- Type
- Office
- Availability
- Active
Suite 1200
- Size
- 3,731 SF
- Type
- Office
- Availability
- Active
Suite 1600
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Listing Agency:
Willard Jones Real Estate
Listed By:
Jonathan Zimmerman · License #IL 471009051
(312) 263-8787
Source:
Crexi
Added: Aug 27, 2018
Changed: Aug 31
Last Checked: Sep 2 at 2:37AM
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 Willard Jones Real Estate
Investment Insights
Based on property information with market context.
123 W Madison is an office building designed for simplicity and functionality. The offering includes flexible lease terms and compact floor plates intended to provide clear elevator identity, making the space well suited for smaller organizations.
Located in Chicago’s Central Loop, the building is described as just steps from City Hall and multiple downtown destinations, including Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and access to CTA buses and trains. The area also offers nearby dining, shopping, and entertainment options.
As a rental property, this building is presented as a straightforward option for tenants seeking an efficient downtown office layout with strong connectivity to public transportation.
Located in Chicago’s Central Loop, the building is described as just steps from City Hall and multiple downtown destinations, including Cook County Building, Daley Plaza, Thompson Center, Ogilvie Transportation Center, Union Station, the Pedway, and access to CTA buses and trains. The area also offers nearby dining, shopping, and entertainment options.
As a rental property, this building is presented as a straightforward option for tenants seeking an efficient downtown office layout with strong connectivity to public transportation.
Key Highlights
- Office building built in 1913
- Central Loop office location within steps of City Hall and Daley Plaza
- Close to major transit options including Ogilvie Transportation Center and Union Station
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
38,744
Businesses Nearby
Explore this area
Business Placement
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
$19.35 /SF/Yr
Avg Asking Price
$11–$34 /SF/Yr
Price Range
44,480 SF
Avg Space Size
This space is priced 3% above the average of $19.35 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in the Central Loop near major transit and downtown civic destinations.
Where is this office building located?
The property is located at 123 W Madison St Chicago, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Office building built in 1913; Central Loop office location within steps of City Hall and Daley Plaza; Close to major transit options including Ogilvie Transportation Center and Union Station
