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    1140-1142 Madison St Chicago, IL 60607

    Sponsored
    For Lease
    $26 SF/Yr ($13,125 /Mo)

    Chicago Office Space: 3 Suites Available

    Lot size:
    6,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional executive office space at 1140-1142 West Madison Street in Chicago, Illinois, offers three available suites within a 6,058 square foot building. The property boasts a prime location in Cook County, zip code 60607, and benefits from convenient access to major roadways like the 90/94 expressway. Each suite offers a unique blend of modern convenience and historic charm, housed within a brick and timber structure. Suites range from a minimum of 1,204 square feet to a maximum contiguous space of 1,641 square feet, with a total of 4,445 square feet currently vacant. The building features impressive 14-foot ceilings, creating an airy and spacious atmosphere. Each suite includes a kitchenette, enhancing functionality and convenience. Building amenities include a tenant bike room and storage, catering to the needs of modern professionals. The property is zoned DX-3 and includes an elevator for easy access to all floors. This is an unparalleled opportunity to secure high-quality office space in a vibrant and desirable Chicago neighborhood. The building's character and convenient location make it an ideal choice for businesses seeking a prestigious and functional workspace. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 1140-1142 Madison St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,058 SF
    Total Rate
    13125.67

    Unit(s) available at that property

    Space
    Unit 204
    Size
    1,204 SF
    Rate per SF
    $26
    Space
    Unit 405
    Size
    1,600 SF
    Rate per SF
    $26
    Space
    Unit 207
    Size
    1,641 SF
    Rate per SF
    $26

    HighLights

    • West Loop office space available for lease.
    • Office features exposed brick, hardwood floors, and timber ceilings.
    • Unit 405 includes a built‑out conference room and kitchenette.
    • Unit 500 offers a built‑out space with a rooftop deck, open workspace, kitchenette, one conference room, and three private offices (two convertible to conference rooms); flexible terms and furnished options available.
    • Secure building with tenant bike room, storage, and shared bikes.
    • Building features grand lobby, elevator, and loading dock access; easy expressway (I‑90/94) and CTA (Morgan Green/Pink Line) access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6560734
    Latitude
    41.8817635

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    FAQs

    What type of property is this?
    Office Property / Space - Chicago Office Space: 3 Suites Available
    Where is this office property / space located?
    The property is located at 1140-1142 Madison St Chicago, IL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: West Loop office space available for lease.; Office features exposed brick, hardwood floors, and timber ceilings.; Unit 405 includes a built-out conference room and kitchenette.
    Request Owner's contact information
    1140-1142 Madison St Chicago, IL 60607
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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
    1140-1142 Madison St Chicago, IL 60607
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