Property profile

29 E Madison St Chicago, IL 60602

FOR LEASE
Office buildings
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Property ID
US28-1900780
250,100 SF 0.33 ac Built 1904
Last sale Jul 2000·$11,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The Heyworth Building is located at 29 E Madison Street in Chicago’s historic Jeweler’s District. The property is a multi-tenant commercial building with top-floor views of the Chicago skyline, Lake Michigan, and Millennium Park. It includes on-site management and 24/7 building security, along with shared amenity space such as a conference room, updated office spaces featuring man traps, and indoor bike parking. The building is positioned about one block from Millennium Park and the Chicago…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$1.15M
Tax billed · 2022
Assessed value$5.58M
Assessed land$1.78M
Assessed improvement$3.80M
Effective rate20.57%

Value estimate

· Nov 2026
$35.25M
$31.72M – $38.77M
Submarket $/SF estimate$47.71M
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$10k
Operating expenses−$7k
NOI$21k

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?
$21k 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
Laundromat12.6
Butcher7.8
Buffet6.9

Location

29 E Madison St Chicago, IL 60602
County assessor Recorded deeds · 4 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
70 Madison St, Chicago, IL 60602-4255 $374,600,000 Jan 2025 1,495,900 SF
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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