Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    105 Madison St Chicago, IL 60602

    For Lease
    Contact for pricing

    Prime Chicago Retail, 4,700 SF Available

    Lot size:
    134,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A retail space, totaling 4,700 square feet, is situated within a larger 134,220 square foot building at 105 W Madison St in Chicago's vibrant Loop. Built in 1928, this iconic property boasts prominent street-level frontage at the southwest corner of Madison and Clark Streets, a high-traffic area with 22,400 vehicles passing daily. The space is ideal for a variety of uses, including retail, restaurants, medical offices, or service-oriented businesses. Its location offers unparalleled accessibility, being less than two blocks from multiple CTA "L" stations and within a 15-minute walk of Ogilvie and Union train stations. The property benefits from proximity to major tourist attractions such as Millennium Park, Willis Tower, the Art Institute of Chicago, and Buckingham Fountain. The surrounding area is densely populated, with over 64,645 residents within a one-mile radius, boasting an average annual household income exceeding $140,700. A substantial daytime population of over 549,000 within a one-mile radius further enhances the property's appeal. The building itself features a single suite, making this a unique opportunity for a prominent tenant. This is a truly exceptional opportunity to establish a presence in one of Chicago's most desirable and high-traffic retail locations. Cook County location.

    Property Features for 105 Madison St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    134,220 SF
    Class
    A

    Building Details

    Year Built
    1928

    Unit(s) available at that property

    Space
    Available Suite
    Size
    4,700 SF

    HighLights

    • High‑visibility ground floor retail space in Chicago's Loop.
    • High daytime population exceeding 549,000 within one mile.
    • Excellent transit access near Union Station, Ogilvie Transportation Center, and multiple CTA lines.
    • Affluent demographics: over 64,645 residents within one mile, average household income exceeding $140,700.
    • Black iron compatible storefront.
    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
    41.8818291

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Chicago Retail, 4,700 SF Available
    Where is this retail property located?
    The property is located at 105 Madison St Chicago, IL.
    What are key features of this property?
    This property features: High-visibility ground floor retail space in Chicago's Loop.; High daytime population exceeding 549,000 within one mile.; Excellent transit access near Union Station, Ogilvie Transportation Center, and multiple CTA lines.
    Request Owner's contact information
    105 Madison St Chicago, IL 60602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 Madison St
    Chicago, IL 60602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.