Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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