Second-Generation Retail Fitness
New
For Lease
Contact for pricing
823 West Madison Street, Chicago, IL 60607
Second-generation space with existing fitness layout, available January 2027, at base of a 167-unit apartment tower.
Property Size4,500 SF
Days on Market5
Property Features for 823 West Madison Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Listing Agency:
CBRE | Chicago
(312) 935-1907
Listed By:
Stephen Ansani
(312) 935-1907
Source:
Cbre
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:39AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This second-generation retail space offers an existing fitness layout totaling approximately 4,500 square feet, designed for flexible tenant buildout. The configuration supports a range of concepts, including fitness and wellness, medical, retail, showroom, or service-oriented uses, depending on a tenant’s operating needs. The space is available beginning January 2027.
The property is located at 823 West Madison Street, positioned at the base of the 167-unit Gateway West Loop Luxury Apartment Tower. With frontage along Madison Street, the location supports strong brand visibility for a street-facing retail or service operation serving both residential and neighborhood foot traffic.
The property is located at 823 West Madison Street, positioned at the base of the 167-unit Gateway West Loop Luxury Apartment Tower. With frontage along Madison Street, the location supports strong brand visibility for a street-facing retail or service operation serving both residential and neighborhood foot traffic.
Key Highlights
- 4,500 SF second‑generation retail space with existing fitness layout
- Compatible for fitness, wellness, medical, retail, showroom, or service‑oriented users
- Available January 2027
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
10,224
Businesses Nearby
394k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Groceries 27%
Dining 26%
Hotels & Casinos 8%
Target
Superstores
112,849 visits/mo
0.4 miles
H Mart
Groceries
57,270 visits/mo
0.3 miles
Whole Foods Market
Groceries
48,567 visits/mo
0.2 miles
Punch Bowl Social
Dining
48,113 visits/mo
0.4 miles
Hampton Inn Chicago Downtown West Loop
Hotels & Casinos
16,073 visits/mo
0.4 miles
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$22.75 /SF/Yr
Avg Asking Price
$14–$32 /SF/Yr
Price Range
12,468 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
- Chicago Personal Training — 1268 W Westgate Terrace, Chicago, IL 60607
- Vince Alessia Fitness + Nutrition — 1347 W Washington Blvd #1B, Chicago, IL 60607
- Swish House Little Italy — 910 S Aberdeen St, Chicago, IL 60607
- Basketball — Chicago, IL 60607
- Sheridan McGuane Park Baseball & Softball — 910 S Aberdeen St, Chicago, IL 60607
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Second-generation space with existing fitness layout, available January 2027, at base of a 167-unit apartment tower.
Where is this fitness center & gym located?
The property is located at 823 West Madison Street Chicago, IL.
What are key features of this property?
This property features: 4,500 SF second‑generation retail space with existing fitness layout; Compatible for fitness, wellness, medical, retail, showroom, or service‑oriented users; Available January 2027
