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    OFF-MARKET
    Retail properties & Spaces

    1219 Madison Ave, Chicago, IL 60607

    12,000 SF
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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