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1027-31 Madison St Chicago, IL 60607

OFF-MARKET Retail properties & Spaces Google Maps
30,620 SF Built 1872
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1872
Total area 30,620 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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