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940 Madison Ave, Baltimore, MD 21201

Baltimore office property with medical-oriented tenants, transit access, and proximity to state government agencies.

Property SizeContact for details
Days on Market144

Property Features for 940 Madison Ave

General Information

Standard status Active
Property subtype Office
Listing Agency: Brexton Commercial
Listed By: Raj Randhawa · License #MD 646678
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:15PM

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 Brexton Commercial

Investment Insights

Based on property information with market context.

The Madison Avenue Executive Center is a multi-tenant office property at 940 Madison Ave in Baltimore. Current occupants include FEI.com, LLC, Parker Psychiatric Services, and Dynamic Health Systems, alongside other tenants and parking-related income streams. The property includes 2,195 SF of vacancy and an 8,000 SF DLLR space identified for future leasing activity.

The building is positioned near Downtown Baltimore and is accessible from North Avenue, Route 40, MLK Jr. Blvd., and major highways including 70, I-95, I-83, 695, and 295. MLK Jr. Blvd. records traffic counts exceeding 53,000 VPD. The surrounding area includes a state agency hub, the State Center, the State Department of Assessments & Taxation, the Herbert R. O’Conor State Office Building, and the Division of Labor & Industry. The University of Maryland Medical Center Midtown Campus is three blocks southeast.

Key Highlights

  • 2,195 SF of vacancy identified for leasing
  • 8,000 SF DLLR space identified for re‑leasing
  • Medical tenants include FEI.com, LLC, Parker Psychiatric Services, and Dynamic Health Systems

Property Analytics

Current Use

United Baptist College College Deanna Dishman Foster Care Service Cholet Josue Physician Letitia Flowers Foster Care Service Baltimore Teacher Network High School

Suggested Use

Top Pick Electrical Service Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,868
Businesses Nearby

Demographics for 21201, MD

18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value

Market

Vacancy Rate% for Office in Baltimore, MD

12.4% 2019
13.1% 2020
13% 2021
14.5% 2022
17.1% 2023
16.3% 2024
17.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Baltimore office property with medical-oriented tenants, transit access, and proximity to state government agencies.
Where is this office building located?
The property is located at 940 Madison Ave Baltimore, MD.
What are key features of this property?
This property features: 2,195 SF of vacancy identified for leasing; 8,000 SF DLLR space identified for re‑leasing; Medical tenants include FEI.com, LLC, Parker Psychiatric Services, and Dynamic Health Systems
(410) 999-1738 Call to check price and availability
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