Corner Property Near United
For Sale
Contact for pricing
1408 W Madison St, Chicago, IL 60607
Land suitable for residential, mixed-use redevelopment in Chicago's West Loop.
Property SizeContact for details
Lot Size0.43 Acres
Days on Market186
Property Features for 1408 W Madison St
General Information
Standard status
Active
Lot size
0.43 Acres
Property subtype
Land
Zoning
C2-3
Listing Agency:
SVN | Chicago Commercial
(847) 219-6383
Listed By:
Scott Maesel · License #IL 471005379
Source:
Crexi
Added: Feb 17
Changed: Aug 10
Last Checked: Aug 21 at 11:36PM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This corner property offers approximately 18,753 square feet of land at the intersection of Madison Avenue and Loomis Street. It is offered as-is with existing C2-3 zoning. The site features approximately 56,259 square feet of buildable area. It is suited for residential rental, condominium, mixed-use redevelopment, or an owner-user opportunity. The property is positioned at the gateway to the United Center and the forthcoming $7 billion 1901 Project. The location is on Chicago's Near West Side. The West Loop has evolved into a destination for institutional investment, large-scale development, and mixed-use projects. Anchored by the Fulton Market District and surrounded by global headquarters, tech campuses, and dining, the submarket experiences demand driven by demographics, limited land availability, and capital inflows. Proximity to downtown, access to major transportation arteries, and a track record of successful redevelopments position the West Loop as a high-return environment.
Key Highlights
- Prime corner property at the intersection of Madison Avenue and Loomis Street.
- Located at the gateway to the United Center and the $7 billion 1901 Project.
- Approximately 56,259 SF of buildable area with C2‑3 zoning.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land suitable for residential, mixed-use redevelopment in Chicago's West Loop.
Where is this commercial land located?
The property is located at 1408 W Madison St Chicago, IL.
What are key features of this property?
This property features: Prime corner property at the intersection of Madison Avenue and Loomis Street.; Located at the gateway to the United Center and the $7 billion 1901 Project.; Approximately 56,259 SF of buildable area with C2‑3 zoning.
