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Chicago Loop High-Rise Office
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105 W Madison St, Chicago, IL 60602

High-rise office building in Chicago's financial district.

Property Size134,220 SF
Days on Market2347

Property Features for 105 W Madison St

General Information

Standard status Active
Size 134,220 SF
Property subtype Office
Zoning DC-16
Occupancy 80%
Lease Type Modified Gross
Net Operating Income $1,574,568

Building Details

Year Built 1928
Year Renovated 2016
Buildings 1
Stories 24
Tenancy Multi
Listing Agency: Windy City RE LLC
Listed By: Milan Rubenstein · License #IL 01324137
Source: Crexi
Added: Mar 18, 2020 Changed: Aug 8 Last Checked: Aug 18 at 8:12PM

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 Windy City RE LLC

Investment Insights

Based on property information with market context.

Located in the Chicago Loop, 105 W Madison Street is a high-rise office building situated in the heart of one of the world's busiest urban financial centers. The property is strategically positioned on the southwest corner of the signalized intersection of Madison Street and Clark Street. The building is occupied by tenants such as the Northern Illinois University College of Business, Grand Dentistry, Loop Chiropractic & Sports Injury, and The College of Chicago, and is also home to several law firms. Its location is a short walk to both the Circuit Court of Cook County and the US District Court. A food court within the building offers diverse cuisine including Poke, Mexican, and Vietnamese. The daytime population within a one-mile radius of the property exceeds 550,000 people. The property is situated within steps from multiple CTA L stations and within a 15-minute walk of four downtown commuter rail stations. Several of Chicago's most visited tourist attractions are located nearby, including Millennium Park, Willis Tower, The Art Institute of Chicago, and Buckingham Fountain. The surrounding area is densely populated with over 64,645 people living within a one-mile radius, earning an average annual household income in excess of $140,700 per year. The 134,220 square foot building has undergone many capital improvements in recent years, including interior modeling of most offices, elevator modernization, a new sprinkler system, common corridors and bathrooms, a new fire alarm system, recent tuckpointing, and a new building automation system.

Key Highlights

  • Prime location in the heart of Chicago's financial district at the intersection of Madison and Clark Street.
  • High daytime population of over 550,000 within a one‑mile radius.
  • Proximity to multiple CTA L stations and four commuter rail stations.

Property Analytics

Current Use

Endzel Law, LLC Law Firm Chicago Section Eight ... Law Firm Goodman Tovrov Hardy ... Law Firm Winsby Inc. Advertising Agency Amy M. Rubenstein Theater & Performing Art Venue

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Nursing Home Adult Day Care Buffet

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

37,490
Businesses Nearby

Demographics for 60602, IL

1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - High-rise office building in Chicago's financial district.
Where is this office building located?
The property is located at 105 W Madison St Chicago, IL.
What are key features of this property?
This property features: Prime location in the heart of Chicago's financial district at the intersection of Madison and Clark Street.; High daytime population of over 550,000 within a one‑mile radius.; Proximity to multiple CTA L stations and four commuter rail stations.
(747) 271-1834 Call to check price and availability
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