105 W Madison St, Chicago, IL 60602
For Lease
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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.
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Endzel Law, LLC Law Firm Child Welfare Organization
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Chicago Section Eight Landlord Law Firm
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Goodman Tovrov Hardy & Johnson LLC Law Firm
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Winsby Inc. Advertising Agency Marketing & Advertising
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Amy M. Rubenstein Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.