Mixed-Use Retail and Office
For Sale
Contact for pricing
4231 W Madison Street, Chicago, IL 60624
Wide-open main-level storefront with flexible upper floors for office, creative studio, or residential conversion options.
Property Size10,500 SF
Price / SF$47.61
Days on Market69
Property Features for 4231 W Madison Street
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Mixed Use
Building Details
Year Built
1908
Stories
3
Units
6
Listing Agency:
Keller Williams Preferred Realty
(708) 473-7508
Listed By:
Kevin Bradd · License #475210767
Source:
Crexi
Added: Jun 5
Changed: Aug 10
Last Checked: Aug 9 at 10:55AM
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 Keller Williams Preferred Realty
Investment Insights
Based on property information with market context.
This expansive mixed-use commercial property totals 10,500 square feet and is arranged with a prominent, wide-open storefront on the main level. The open layout supports flexible buildout for a range of concepts, including retail, showrooms, or hospitality uses, while the upper levels can support office use or creative studios. The existing configuration also provides a framework that, per the property remarks, may be suitable for residential conversion, enabling multiple income stream possibilities within one building.
The property is located at 4231 W Madison Street in Chicago, Illinois. The main level is designed for storefront engagement, with wide-open space intended to support visibility to passing customers and adaptable interior planning for tenant-specific needs.
For tenants, the ground-floor layout is well-suited to operations that benefit from an open, flexible showroom or service environment, while the upper floors offer a practical option for office or creative studio users that want to run from the same building. For buyers and investors, the mixed-use arrangement can allow for differentiated uses across levels, subject to applicable approvals and operating requirements.
The property is located at 4231 W Madison Street in Chicago, Illinois. The main level is designed for storefront engagement, with wide-open space intended to support visibility to passing customers and adaptable interior planning for tenant-specific needs.
For tenants, the ground-floor layout is well-suited to operations that benefit from an open, flexible showroom or service environment, while the upper floors offer a practical option for office or creative studio users that want to run from the same building. For buyers and investors, the mixed-use arrangement can allow for differentiated uses across levels, subject to applicable approvals and operating requirements.
Key Highlights
- 10,500 SF mixed‑use commercial property built in 1908
- Wide‑open main‑level storefront with open layout for retail, showroom, or hospitality concepts
- Upper levels offer flexibility for office or creative studio use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Wide-open main-level storefront with flexible upper floors for office, creative studio, or residential conversion options.
Where is this mixed-use property located?
The property is located at 4231 W Madison Street Chicago, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 10,500 SF mixed‑use commercial property built in 1908; Wide‑open main‑level storefront with open layout for retail, showroom, or hospitality concepts; Upper levels offer flexibility for office or creative studio use
