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1219 Madison Ave Chicago, IL 60607

OFF-MARKET Retail properties & Spaces Google Maps
12,000 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional two-story building, located in the desirable West Loop, offers a rare opportunity for lease. The newly renovated space boasts approximately 8,000 square feet, divided into two 4,000-square-foot floors. The first floor features impressive 17.5-foot ceilings, while the second floor offers a combination of 10.6-foot and 15.4-foot ceilings. A lower level, also approximately 4,000 square feet, provides additional space with 7.5-foot ceilings. The property includes a valuable second-floor patio and a sizable rear lot, adding significant outdoor amenity space. The building sits on an 8,550-square-foot lot with 50 feet of frontage. Convenient gated parking in the rear provides eight spaces, including one wider space for handicap accessibility. The property is zoned DX-3 and its Cook County APN is 17-17-105-011-0000. This unique property is ideally suited for owner-users, law firms, or tech companies seeking a prestigious and functional space in a vibrant location. The entire 12,000 square foot building is currently vacant and available for lease. Minimum leasable space is 4,000 square feet, with a maximum contiguous space of 8,000 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Total area 12,000 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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