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Retail Space for Quick-Service Use
For Lease
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120 W Madison St, Chicago, IL 60602

Lease opportunity positioned among office, civic, theater, hotel, and public transportation destinations.

Space Size1,361 SF
Days on Market812

Property Features for 120 W Madison St

General Information

Standard status Active
Size 1,361 SF
Property subtype RETAIL

Space & Availability

Space Use Retail
Available From Immediate

Spaces For Lease

at 120 W Madison St
120 W Madison St AVAILABLE, Now
Floor LL
Size 1,361 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Now available for lease, retail 120 W Madison Street - Retail located at 120 W Madison St Chicago, Illinois 60602-4103. - Located in the densely populated central loop corridor, this retail opportunity is ideal for two quick-service restaurant users. - Steps from the chase plaza, citadel center, city hall, james r. thompson center and the richard j. daley - Center, 120 w. madison serves a captive daytime office - Population of more than 566,858 employees within a two-block radius. - In addition to its office positioning - 120 w. madison is situated among some of chicago’s finest institutions, including the cadillac palace theatre, - Oriental theatre and the private bank theatre, as well as seven hotels within a two-block radius. - The site is surrounded by notable national, regional and local - Tenants and is accessible by all modes of transportation - Including the washington/wells blue line station and the madison & clark bus station. - Please contact us for further information.
Contact us
Listing Agency: JLL - Corporate
Listed By: Peter Caruso · License #475144084
Source: Moodyscre
Added: Jul 16, 2024 Changed: Sep 10 Last Checked: Oct 4 at 11:57AM

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 JLL - Corporate

Investment Insights

Based on property information with market context.

The 1,361-square-foot retail space at 120 W Madison Street is available for lease and is positioned for quick-service restaurant use. The property is located in Chicago’s Central Loop corridor, surrounded by office, civic, cultural, hotel, and retail activity.

The surrounding area includes Chase Plaza, Citadel Center, City Hall, the James R. Thompson Center, and the Richard J. Daley Center. Nearby cultural destinations include the Cadillac Palace Theatre, Oriental Theatre, and PrivateBank Theatre, with seven hotels within a two-block radius. The site is accessible by multiple transportation modes, including the Washington/Wells Blue Line station and the Madison & Clark bus station.

Key Highlights

  • 1,361‑square‑foot retail space available for lease
  • Positioned for two quick‑service restaurant users
  • Located at 120 W Madison Street in Chicago’s Central Loop corridor

Property Analytics

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Open 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

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

Market

Lease Benchmarks for Chicago, IL

$26.88 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,965 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
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Frequently Asked Questions

What type of property is this?
Retail space - Lease opportunity positioned among office, civic, theater, hotel, and public transportation destinations.
Where is this retail space located?
The property is located at 120 W Madison St Chicago, IL.
What are key features of this property?
This property features: 1,361‑square‑foot retail space available for lease; Positioned for two quick‑service restaurant users; Located at 120 W Madison Street in Chicago’s Central Loop corridor
(312) 228-2926 Call to check price and availability
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