1408 W Madison St Chicago, IL 60607
Land suitable for residential, mixed-use redevelopment in Chicago's West Loop.
Type:Land
Lot size:
0.43 Acres- Added:
- Feb 17, 2026
- Days on Market:
- 44
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1408 W Madison St
General Information
- Standard status
- Active
- Lot size
- 0.43 Acres
- Property subtype
- Land
Listing agent Scott Maesel License #IL 471005379
Listing office SVN | Chicago Commercial (312) 676-1866
Listing date Feb 17, 2026
Source Crexi
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
Overview
Corner Property Near United Center
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.
Location Intelligence
Current Use by Public Records
Palace Grill Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6625226
- Latitude
- 41.8816815
Nearby Similar for Sale
FAQs
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.
