1027-31 Madison St Chicago, IL 60607
- Retail properties
- 30,620 SF
Current Use by Public Records
- Retail properties
Property Details for 1027-31 Madison St
- Year built
- 1872
- Property size
- 30,620 SF
- Property type
- Retail properties
Description
This exceptional four-story mixed-use building, located at 1027-31 West Madison Street in Chicago's vibrant West Loop neighborhood, presents a unique investment opportunity. Boasting a total of 30,620 square feet, the property is currently entirely vacant, offering immediate occupancy. Originally constructed in 1872 and extensively renovated in 2011, this historically landmarked building (Class L designation, 2011) benefits from its prime location on the bustling Madison Street corridor, just one block south of McDonald's headquarters. The West Loop's dynamic environment, characterized by a rapidly expanding residential population and a surging daytime workforce, ensures high visibility and strong potential for future growth. The single-tenant occupancy allows for flexible use and customization to suit a variety of commercial needs. Cook County location and a 60607 zip code add to its desirability. This property offers a blend of historical charm and modern functionality, making it an ideal choice for discerning investors seeking a prominent presence in one of Chicago's most sought-after submarkets. The building's size and location provide significant potential for a variety of retail or mixed-use ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6532
- Latitude
- 41.8815
