You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR LEASE
Office buildings

29 E Madison St Chicago, IL 60602

250,100 SF 0.33 ac lot Built 1904
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US28-1900780
Property summary
AI-generated overview

29 East Madison offers a prestigious office opportunity in Chicago's vibrant Central Loop submarket. This historic landmark building boasts 236,000 square feet across 19 stories, providing a range of flexible office spaces suitable for various business needs. Currently, there are 61,015 square feet of vacant space available, divisible into units as small as 302 square feet and up to a contiguous 5,474 square feet. The building features stunning city skyline, Lake Michigan, and Millennium Park views from its upper floors. On-site management and 24/7 building security ensure a safe and efficient work environment. A convenient building conference room is also available for tenant use. Located at 29 E Madison St, in Cook County, IL, 60602, this property is ideally situated within the Jewelers District, offering easy access to public transportation and a wealth of amenities. The building caters to diverse business models, accommodating traditional, executive, and creative office spaces within its multiple tenancy structure. This is a rare opportunity to secure prime office space in one of Chicago's most sought-after locations.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1904
Total area 250,100 SF
Lot 0.33 ac (14,209 SF)
APN 17-15-100-018
UPID US28-1900780
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Team Curb Appeal Construction Company General Contractor
  • Cynosure Risk Advisors LLC Public Relations Firm Business Management Consultant
  • William Levine Inc (Bike/Boat/Book/etc) Store
  • Dundee Watch Co (Bike/Boat/Book/etc) Store
  • E.M Trading Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$47.71M
Blend (final) Blend
$35.25M
Owner & transaction history
29 E Madison LLC · 25 yrs held
29 E Madison LLC
since 2000
4 recorded transactions
2023
Price N/A
2000
$11.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $43.0M +27.7%
Retail stores $36.4M +8.1%
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