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Historic Landmark Office Building
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29 E Madison St, Chicago, IL 60602

Nineteen-story office building with newly renovated common areas and modern office spaces, plus 24/7 security and on-site management.

Space Size2,575 SF
Days on Market856

Property Features for 29 E Madison St

General Information

Standard status Active
Size 2,575 SF
Property subtype OFFICE
Lease Type Gross

Site & Location

Neighborhood Loop

Spaces For Lease

at 29 E Madison St
29 E Madison St $23/SF/Yr
Floor 8
Size 2,575 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
- 29 East Madison is a historic landmark building within the jewelers district. This property features excellent views of the city skyline, Lake Michigan and Millennium park from top floors, on-site management, 24/7 building security and building conference room. - Retailers within building include: TCF Bank, 7/11, Linxia Beauty and Hanabusa Cafe. - Within one block of Millennium Park and the Chicago cultural center - Abundant parking available at Millennium Park and city garages - Within walking distance of public transportation. - The Heyworth Building, a historic landmark, at 29 East Madison building is next to Target. 29 features newly renovated common areas and completed modern office spaces - Property Type: Office - Building Size: 236,000 rsf - Rental Rate: $26 - $29 SF / Year - Stories: 19
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Listing Agency: Marc Realty
Listed By: Joe Storiz
Source: Moodyscre
Added: Jul 1, 2024 Changed: Oct 25 Last Checked: Nov 1 at 8:06AM

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 Marc Realty

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Investment Insights

Based on property information with market context.

29 E Madison is a historic landmark office building featuring newly renovated common areas and completed modern office spaces. The property includes an on-site management team, 24/7 building security, and a building conference room. Top-floor offices offer views of the city skyline, Lake Michigan, and Millennium Park.

The building is within the jewelers district and is positioned next to Target. It is within one block of Millennium Park and the Chicago cultural center, with abundant parking available at Millennium Park and nearby city garages. Public transportation is within walking distance.

Retail tenants within the building include TCF Bank, 7/11, Linxia Beauty, and Hanabusa Cafe.

Key Highlights

  • 19‑story historic landmark office building next to Target (The Heyworth Building) in the jeweler’s district
  • 236,000 rsf building with newly renovated common areas and completed modern office spaces
  • Rental rate of $26–$29 SF per year

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Team Curb Appeal Construction Company Cynosure Risk Advisors ... Business Management Consultant William Levine Inc (Bike/Boat/Book/etc) Store Dundee Watch Co (Bike/Boat/Book/etc) Store E.M Trading Big Box & Wholesale Store

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

35,699
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$22.35 /SF/Yr
Avg Asking Price
$11–$46 /SF/Yr
Price Range
53,248 SF
Avg Space Size

This space is priced 3% above the average of $22.35 /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

Frequently Asked Questions

What type of property is this?
Office building - Nineteen-story office building with newly renovated common areas and modern office spaces, plus 24/7 security and on-site management.
Where is this office building located?
The property is located at 29 E Madison St Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 19‑story historic landmark office building next to Target (The Heyworth Building) in the jeweler’s district; 236,000 rsf building with newly renovated common areas and completed modern office spaces; Rental rate of $26–$29 SF per year
(312) 994-5656 · Office Call to check price and availability
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