Listing Agency: b***@cbre.com Show Phone

Listed By: Brady Wolfe Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 24 at 5:45AM

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Investment Insights

Based on property information with market context.

This commercial real estate property offers 21,950 square feet of office space for rent. Located in Chicago, Illinois, at 500 West Madison Street, the property is suitable for office buildings and other commercial uses.

Key Highlights

• Office space available for rent
• Located in Chicago, Illinois

Property Analytics

Property Profile

Current Use

Premiere Chicago Appliance ... Home Appliance Store solve for (x) Business Management Consultant Held John J Law Firm Infor (Bike/Boat/Book/etc) Store Managility US (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service 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

31,503

Businesses Nearby

Explore this area Business Placement

Demographics for 60661, IL

11,987

Population

8,049

Households

1.5

Avg Household Size

32

Median Age

88%

College-Educated

99%

High-School Grad

0.3 sq mi

ZIP Area

39,957

Density / Sq Mi

$138,831

Median Household Income

$105,935

Median Earnings

$2,403

Median Rent

$397,700

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr

Avg Asking Price

$11–$32.5 /SF/Yr

Price Range

44,505 SF

Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office space available for rent in Chicago, Illinois.

Where is this office building located?

The property is located at 500 West Madison Street Chicago, IL.

What are key features of this property?

This property features: Office space available for rent; Located in Chicago, Illinois