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Financial
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Property profile

70 W Madison St Chicago, IL 60602

FOR LEASE
Office buildings
Property ID
US28-5809335
1,495,900 SF 1.04 ac lot Built 1912
Last sale Aug 2014 · $374,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This furnished multi-floor office suite is located at 70 W Madison St, Chicago, IL 60602, and is configured across floors 6 and 7. The internal layout includes an interconnecting stairwell that supports movement between levels within the suite. The space is presented with modern finishes and is capable of supporting an office area up to approximately 72,000 RSF across the specified floors, with the suite designed to accommodate flexible space use within the two-level configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$14.97M
Tax billed · 2022
Assessed value$72.80M
Assessed land$6.83M
Assessed improvement$65.97M
Effective rate20.57%

Value estimate

· Oct 2026
$430.60M
$387.54M – $473.66M
CAP approach$526.71M
Submarket $/SF estimate$415.65M
NOI build-up
Gross scheduled income$619k
Vacancy & credit loss−$158k
Operating expenses−$115k
NOI · 1,081,515.63% cap applied$346k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

Cap rate analysis

How does the asset earn?
1,081,515.63%
$346k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat14.3
Butcher8.3
Adult Day Care Center7.1

Location

70 W Madison St Chicago, IL 60602
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30 La Salle, Chicago, IL 60602-2590 $14,000,000 Oct 2024 966,200 SF
30 Michigan, Chicago, IL 60602-3402 $16,435,000 Nov 2023 256,100 SF
100 La Salle St, Chicago, IL 60602-2448 $16,400,000 Sep 2021 No data
170 Washington, Chicago, IL 60602-2312 $3,500,000 Jan 2021 14,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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