4231 W Madison Street, Chicago, IL 60624

Building Details

Year Built

1908

Listing office Keller Williams Preferred Realty t***@mattzmegagroup.com Show Phone

Listing date Jun 5, 2026

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7318289

Latitude

41.8803419

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FAQs

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