Presidential Towers Retail Leasing
For Lease
Contact for pricing
555 West Madison Street, Chicago, IL 60661
Prime retail, restaurant, and medical space in Chicago's West Loop.
Space Size740 SF - 10,285 SF
Property Size135,000 SF
Days on Market202
Property Features for 555 West Madison Street
General Information
Standard status
Active
Size
740 SF - 10,285 SF
Property subtype
Retail
Building Details
Building Size
135,000 SF
Year Built
1986
Spaces For Lease
at 555 West Madison Street Contact us- Size
- 2,067 SF
- Type
- Street Retail
- Term
- Negotiable
- Rate
- Contact for pricing
20 S. Clinton
- Size
- 740 SF
- Term
- Negotiable
- Rate
- Contact for pricing
555 W Madison
- Size
- 10,285 SF
- Type
- Street Retail
- Term
- Negotiable
- Rate
- Contact for pricing
600 W. Jackson
Listing Agency:
Frontline Real Estate Partners, LLC
(847) 542-9058
Listed By:
Matthew Tarshis · License #475156642
(847) 542-9058
Source:
Frontlinerepartners
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 17 at 5:32AM
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 Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
Presidential Towers presents an exceptional leasing opportunity in Chicago’s West Loop neighborhood. This property, comprised of four 49-story apartment buildings, is situated across two city blocks, near Ogilvie Transportation Center and Union Station. The location benefits from a captive audience of over 4,000 residents within Presidential Towers and a daytime population exceeding 183,000 within a half-mile radius. The property has recently undergone a multi-million dollar renovation, including a new fitness club, sundeck, and upgraded lobby and restaurants. With over 135,000 square feet of retail space, Presidential Towers is suitable for retail, restaurant, medical office, or service-oriented businesses. Available units feature second-generation kitchen equipment, a former grocer, a former coffee shop, spacious interiors, and expansive window lines with exposure to up to 45,000 vehicles per day. On-site parking is available, with convenient access to the Kennedy Expressway. Located in an affluent neighborhood, the area has an average household income of $107,394. The property is located between West Madison Street and West Monroe Street, and South Clinton Street and South Des Plaines Street. The location is in a densely populated neighborhood with 94,000 residents within a one-mile radius, with access to public transit, including Union Station, Ogilvie Transportation Center, and the Clinton Green/Pink and Clinton Blue 'L' stations. The area has a daytime employee population of approximately 492,000 people, with companies such as Boeing, CDW, Deloitte, Ernst & Young, Gogol, IBM, and Walgreens nearby. The property is located two blocks from the Madison Street ramps, providing access to the Kennedy Expressway (Interstate-90 and Interstate-94) and Interstate-290. The area is projected to experience a 7.07% population growth over the next five years. Neighboring retailers include Whole Foods, Mariano’s, Chicago’s French Market, Revival Food Hall, Walgreens, CVS/Pharmacy, and Starbucks.
Key Highlights
- Prime location in Chicago's affluent West Loop neighborhood with high foot traffic.
- Captive audience of over 4,000 residents within Presidential Towers, providing immediate customer base.
- Excellent transportation access: steps from Ogilvie Transportation Center and Union Station.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
23,709
Businesses Nearby
Balanced
Demand for This Use
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
$21.4 /SF/Yr
Avg Asking Price
$12–$30 /SF/Yr
Price Range
26,628 SF
Avg Space Size
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - Prime retail, restaurant, and medical space in Chicago's West Loop.
Where is this shopping center located?
The property is located at 555 West Madison Street Chicago, IL.
What are key features of this property?
This property features: Prime location in Chicago's affluent West Loop neighborhood with high foot traffic.; Captive audience of over 4,000 residents within Presidential Towers, providing immediate customer base.; Excellent transportation access: steps from Ogilvie Transportation Center and Union Station.
