1350-1354 Madison St, Chicago, IL 60607
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.