Retail Space Near Transit
For Lease
Contact for pricing
555 W Madison St, Chicago, IL 60661
Retail space with on-site parking, steps from major transit and close to Madison Street feeder ramp access.
Property Size2,067 SF
Days on Market646
Property Features for 555 W Madison St
General Information
Standard status
Active
Size
2,067 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
Frontline Real Estate Partners, LLC
(847) 542-9058
Listed By:
Matthew Tarshis · License #475156642
(847) 542-9058
Source:
Moodyscre
Added: Oct 23, 2024
Changed: Jul 29
Last Checked: Jul 29 at 4:18PM
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 Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This retail space totals 2,067 SF and offers on-site parking. It is positioned at the base of a high-rise apartment community, creating a built-in nearby customer base for day-to-day retail uses.
The location is described as being in the heart of one of Chicago’s affluent neighborhoods, with West Loop staffing activity of 492,000 daytime employees within one (1) mile. The space is also conveniently located steps from Ogilvie Transportation Center, Union Station, and multiple “L” stations.
Additional access is highlighted with the property located two (2) blocks from the Madison Street feeder ramps, providing direct access to the Kennedy Expressway (Interstate-90 and Interstate-94) and Interstate-290, along with other city neighborhoods and the broader interstate system. Demographic notes include 94,000 residents within a one-mile radius, with a 7.07% population growth projection over the next five (5) years within the submarket.
The location is described as being in the heart of one of Chicago’s affluent neighborhoods, with West Loop staffing activity of 492,000 daytime employees within one (1) mile. The space is also conveniently located steps from Ogilvie Transportation Center, Union Station, and multiple “L” stations.
Additional access is highlighted with the property located two (2) blocks from the Madison Street feeder ramps, providing direct access to the Kennedy Expressway (Interstate-90 and Interstate-94) and Interstate-290, along with other city neighborhoods and the broader interstate system. Demographic notes include 94,000 residents within a one-mile radius, with a 7.07% population growth projection over the next five (5) years within the submarket.
Key Highlights
- 2,067 SF retail space with on‑site parking
- Steps from Ogilvie Transportation Center, Union Station, and multiple “L” stations
- 492,000 daytime employees within 1 mile (West Loop)
Property Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
23,709
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Hotels & Casinos 18%
Dining 11%
Shops & Services 9%
H Mart
Groceries
57,270 visits/mo
0.3 miles
Whole Foods Market
Groceries
48,567 visits/mo
0.2 miles
Hampton Inn Chicago Downtown West Loop
Hotels & Casinos
16,073 visits/mo
0.2 miles
Crowne Plaza Chicago West Loop
Hotels & Casinos
10,607 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,222 visits/mo
0.3 miles
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with on-site parking, steps from major transit and close to Madison Street feeder ramp access.
Where is this retail space located?
The property is located at 555 W Madison St Chicago, IL.
What are key features of this property?
This property features: 2,067 SF retail space with on‑site parking; Steps from Ogilvie Transportation Center, Union Station, and multiple “L” stations; 492,000 daytime employees within 1 mile (West Loop)
