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Retail Space in Financial District
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120 W Madison St, Chicago, IL 60602

Street-level retail options available within a 14-story office building in Chicago’s Central Loop corridor.

Space SizeContact for details
Days on Market38

Property Features for 120 W Madison St

General Information

Standard status Active
Property subtype retail

Building Details

Stories 14
Listing Agency: Chicago
Listed By: Peter Caruso · License #475.144084
Source: Property.jll
Added: Jul 16 Changed: Jul 21 Last Checked: Aug 22 at 3:27AM

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 Chicago

Investment Insights

Based on property information with market context.

Now available for lease, this retail space is located at 120 W Madison St within a 14-story office building. Available space ranges from 1,361 to 3,000 SF.

Positioned in Chicago’s densely populated Central Loop corridor, the retail offering is described as an ideal fit for two quick-service restaurant users. The property is steps from Chase Plaza and is near Citadel Center, City Hall, James R. Thompson Center, and the Richard J. Daley Center.

The building serves a captive daytime office population of more than 566,858 employees within a two-block radius, and it is surrounded by office, institutional, and hospitality activity. Access is available via multiple transit options, including the Washington/Wells Blue Line station and the Madison & Clark bus station.

Key Highlights

  • Street‑level retail space available at 120 W Madison St in Chicago’s Central Loop corridor.
  • Available retail size ranges from 1,361 to 3,000 SF within a 14‑story office building.
  • Located near Chase Plaza, Citadel Center, City Hall, James R. Thompson Center, and the Richard J. Daley Center.

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

Location Intelligence

Trade Area within ½ mile

41,763
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 47% Dining 30% Apparel 18% Shops & Services 6%
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.3 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.3 miles
Lou Malnati's Pizzeria Dining
7,637 visits/mo 0.5 miles
The Smith Dining
6,546 visits/mo 0.4 miles
Dunkin' Donuts Dining
6,222 visits/mo 0.5 miles

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

$26.85 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,535 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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Street-level retail options available within a 14-story office building in Chicago’s Central Loop corridor.
Where is this storefront property located?
The property is located at 120 W Madison St Chicago, IL.
What are key features of this property?
This property features: Street‑level retail space available at 120 W Madison St in Chicago’s Central Loop corridor.; Available retail size ranges from 1,361 to 3,000 SF within a 14‑story office building.; Located near Chase Plaza, Citadel Center, City Hall, James R. Thompson Center, and the Richard J. Daley Center.
More about this property
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