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    500 Madison St Chicago, IL 60661

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail, Downtown Location, Multiple Units Available

    Lot size:
    1,448,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    The Accenture Tower presents a unique opportunity for retail businesses seeking a high-traffic location in Cook County. This Class A, 40-story building, constructed in 1987 and extensively renovated in 2021, offers a total of 1,448,095 square feet of space, with 70,000 square feet dedicated to retail. Currently, there are 15 available retail spaces ranging from a minimum of 193 square feet to a maximum contiguous space of 4,957 square feet, perfect for a variety of businesses. The building's strategic location within a transportation center ensures high visibility and accessibility, benefiting from over 60,000 weekday commuters and more than 192,000 employees within a four-block radius. While the building itself does not offer dedicated parking spaces (parking ratio is 0.04 spaces per 1,000 square feet), its prime location offers convenient access to public transportation. The building is equipped with elevators for easy access to all floors. This is an exceptional opportunity to establish a presence in a vibrant and densely populated area. The building's modern amenities and high-profile location make it an ideal choice for businesses seeking maximum exposure and foot traffic. Contact us today to learn more about available spaces and lease terms.

    Property Features for 500 Madison St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,448,095 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1987/2021
    Stories
    40

    Unit(s) available at that property

    Space
    Ground Floor - F002
    Size
    396 SF
    Space
    Ground Level - G005
    Size
    1,600 SF
    Space
    Ground Floor - G010
    Size
    1,419 SF
    Space
    Ground Floor - G001B
    Size
    3,316 SF
    Space
    Concourse Level - C001
    Size
    193 SF
    Space
    Concourse Level - C021
    Size
    394 SF
    Space
    Concourse Level - C023
    Size
    394 SF
    Space
    Concourse Level - C020
    Size
    401 SF
    Space
    Concourse Level - C022
    Size
    436 SF
    Space
    Concourse Level - C103
    Size
    532 SF
    Space
    Concourse Level - C016
    Size
    554 SF
    Space
    Concourse Level - C012
    Size
    750 SF
    Space
    Concourse Level - C027
    Size
    1,725 SF
    Space
    Concourse Level - C015
    Size
    1,825 SF
    Space
    Concourse Level - C008
    Size
    4,957 SF

    HighLights

    • Class A retail space in Cook County.
    • 1,448,095 total square feet, multi‑tenant.
    • Spaces available from 193 to 4,957 contiguous square feet.
    • Building features 40 stories and was renovated in 2021.
    • 0.04 parking spaces per 1,000 square feet; elevators available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premiere Chicago Appliance ... Appliance Repair Service solve for (x) Business Management Consultant Held John J Attorney Infor Software Company Managility US Software Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6404077
    Latitude
    41.8824254

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    FAQs

    What type of property is this?
    Retail property - Prime Retail, Downtown Location, Multiple Units Available
    Where is this retail property located?
    The property is located at 500 Madison St Chicago, IL.
    What are key features of this property?
    This property features: Class A retail space in Cook County.; 1,448,095 total square feet, multi-tenant.; Spaces available from 193 to 4,957 contiguous square feet.
    Request Owner's contact information
    500 Madison St Chicago, IL 60661
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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
    500 Madison St Chicago, IL 60661
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