You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

105 W Madison St Chicago, IL 60602

Commercial real estate Google Maps
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$450k
Range $405k – $495k (±10%)
Property ID US28-4787037

Property summary

AI-generated overview

This exceptional Class A retail space, totaling 4,700 square feet, is situated within a larger 134,220 square foot building at 105 W Madison St in Chicago's vibrant Loop. Built in 1928, this iconic property boasts prominent street-level frontage at the southwest corner of Madison and Clark Streets, a high-traffic area with 22,400 vehicles passing daily. The space is ideal for a variety of uses, including retail, restaurants, medical offices, or service-oriented businesses. Its location offers unparalleled accessibility, being less than two blocks from multiple CTA "L" stations and within a 15-minute walk of Ogilvie and Union train stations. The property benefits from proximity to major tourist attractions such as Millennium Park, Willis Tower, the Art Institute of Chicago, and Buckingham Fountain. The surrounding area is densely populated, with over 64,645 residents within a one-mile radius, boasting an average annual household income exceeding $140,700. A substantial daytime population of over 549,000 within a one-mile radius further enhances the property's appeal. The building itself features a single suite, making this a unique opportunity for a prominent tenant. This is a truly exceptional opportunity to establish a presence in one of Chicago's most desirable and high-traffic retail locations. Cook County location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 17-16-204-041
UPID US28-4787037

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm Child Welfare Organization
  • Law Firm
  • Law Firm
  • Advertising Agency Marketing & Advertising
  • Theater & Performing Art Venue

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2019
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message