Property profile

1350-1354 Madison St Chicago, IL 60607

OFF-MARKET
Land
22000 ac lot
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Property summary

AI-generated overview

This exceptional 22,000 square foot development opportunity is located at 1350-1354 West Madison Street in Chicago's vibrant West Loop neighborhood. The property boasts 200 feet of frontage on West Madison Street, offering unparalleled visibility and accessibility. Currently zoned B 3-5, this site presents a unique chance for adaptive reuse of the existing 51,500 square foot building, currently operating as an ice rink (business not included in sale). The sale explicitly precludes the buyer from continuing ice rink operations. The property includes two APNs: 17-08-335-030-0000 (Building) and 17-08-335-016-0000 (Parking). Its prime location provides excellent access to public transportation and major highways. The site's zoning and size make it ideal for a variety of mixed-use developments, including residential and retail projects. This is a rare chance to acquire a significant parcel in a highly sought-after area of Chicago. The LaSalle County location and 60607 zip code further highlight its desirability. The property's latitude and longitude coordinates are 41.8818186 and -87.6616242 respectively. This offering presents a compelling investment opportunity with significant potential for future development.

Property profile

Verified
Property type Land
Lot 22000 ac (958,320,000 SF)

Cap rate & NOI

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

Location

1350-1354 Madison St Chicago, IL 60607
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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