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    105 Madison St Chicago, IL 60602

    For Lease
    $22 SF/Yr

    Prestigious Chicago Loop office suites, various sizes.

    Lot size:
    134,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This iconic 23-story Art Deco building at 105 W Madison St, Chicago, IL 60602 offers a diverse range of office spaces, perfect for businesses of all sizes. Located in the vibrant Central Loop submarket, this property boasts 134,220 square feet of total space with units ranging from a minimum of 342 square feet to a maximum contiguous space of 6,587 square feet. Multiple tenancies are available. Built in 1928, the building has recently undergone renovations, including updated common corridors, bathrooms, and elevators. Enjoy the convenience of an on-site food court, barber shop, and building conference room. Security and on-site management ensure a safe and efficient work environment. Select suites offer stunning Lake Michigan views and elevator identity. The building also provides convenient access to a Dunkin' location in the lobby. This prime location offers unparalleled access to Chicago's transportation hubs, including Ogilvie Transportation Center, Union Station, the CTA, and the Pedway system. Nearby amenities include the Daley Center, Thompson Center, City Hall, Millennium Park, and the renowned shopping districts of Michigan Avenue and State Street. A wealth of dining and entertainment options are also within easy reach. This property presents a unique opportunity to establish your business in a prestigious and well-connected location.

    Property Features for 105 Madison St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    134,220 SF
    Total Rate
    246070

    Building Details

    Year Built
    1928
    Stories
    23

    Unit(s) available at that property

    Space
    Suite 1401
    Size
    3,555 SF
    Rate per SF
    $26
    Space
    Suite 410
    Size
    1,180 SF
    Rate per SF
    $26
    Space
    Suite 1408
    Size
    3,555 SF
    Rate per SF
    $26
    Space
    Suite 310
    Size
    4,726 SF
    Rate per SF
    $36
    Space
    Suite 950
    Size
    2,258 SF
    Rate per SF
    $26
    Space
    Suite 500
    Size
    6,587 SF
    Rate per SF
    $26
    Space
    Suite 603
    Size
    2,950 SF
    Rate per SF
    $26
    Space
    Suite 003
    Size
    435 SF
    Rate per SF
    $30
    Space
    Suite 1850
    Size
    2,495 SF
    Rate per SF
    $26
    Space
    Suite 702
    Size
    1,184 SF
    Rate per SF
    $26
    Space
    10th Floor
    Size
    6,449 SF
    Rate per SF
    $26
    Space
    Suite 1901
    Size
    3,723 SF
    Rate per SF
    $26
    Space
    Suite 1100
    Size
    2,446 SF
    Rate per SF
    $26
    Space
    Suite 2300
    Size
    2,334 SF
    Rate per SF
    $26
    Space
    Suite 1601
    Size
    1,554 SF
    Rate per SF
    $26
    Space
    Suite 800
    Size
    3,800 SF
    Rate per SF
    $26
    Space
    Suite 1110
    Size
    825 SF
    Rate per SF
    $26
    Space
    Suite 1400
    Size
    2,512 SF
    Rate per SF
    $26
    Space
    Suite 801
    Size
    732 SF
    Rate per SF
    $26
    Space
    Suite 1101
    Size
    2,147 SF
    Rate per SF
    $26
    Space
    Suite 1500
    Size
    5,495 SF
    Rate per SF
    $26

    HighLights

    • Three‑sided windows offering abundant natural light.
    • Lake Michigan views from select suites.
    • Efficient floor plates with excellent elevator access.
    • Recently renovated corridors, restrooms, and elevators.
    • Building amenities include a conference room, food court, barber shop, nail salon, Dunkin', and Bank of America.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Endzel Law, LLC Family Law Attorney Chicago Section Eight ... Real Estate Attorney Goodman Tovrov Hardy ... Attorney Winsby Inc. Marketing Consultant Amy M. Rubenstein Theater Production

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6312275
    Latitude
    41.8818289

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    FAQs

    What type of property is this?
    Restaurant - Prestigious Chicago Loop office suites, various sizes.
    Where is this restaurant located?
    The property is located at 105 Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $26-$36 SF/Yr.
    What are key features of this property?
    This property features: Three-sided windows offering abundant natural light.; Lake Michigan views from select suites.; Efficient floor plates with excellent elevator access.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 Madison St Chicago, IL 60602
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