847-780-8063
105 W Madison St, Chicago, IL for Sale
Office/Residential CONDO - FOR SALE
1/5
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105 W Madison St
Chicago, IL 60602
Chicago Loop


HIGHLIGHTS

  • Stabilized retail storefront property consisting of three (3) street-level units totaling 6,700 SF in the Chicago Loop
  • Fully leased to Dunkin', Subway, and Nature's Grace and Wellness, along with a supplemental Verizon cell tower lease
  • Strategically positioned at the center of a high-amenity corridor
  • Surrounded by billions of dollars in institutional commitments including Google’s Thompson Center redevelopment and JPMorgan Chase’s HQ renovation.
  • Located within a dense urban trade area of more than 401,000 residents and high-income households within three miles.
  • Exceptional connectivity to Ogilvie Transportation Center, Union Station, and multiple CTA stops within walking distance.

OVERVIEW

Located at the southwest corner of Clark and Madison, 105 W. Madison is one of the most iconic retail locations in Chicago's Loop. This fee simple retail consists of 6,700 square feet with 12,100 vehicles per day, heavy pedestrian traffic, and one of the best view corridors in all of downtown. The offering features a stabilized 100% leased income-producing investment across three (3) street-level units and partial second floor, along with a cell tower lease. The diverse tenant mix includes Dunkin’, Subway, and Nature’s Grace and Wellness, complemented by an annuity from a Verizon cell tower license agreement. Located in one of Chicago's densest commercial hubs, the asset sits within a premier trade area featuring a population of over 401,312 and an average household income exceeding $148,000 within three (3) miles. The property further benefits from significant nearby institutional investment, with JPMorgan Chase renovating its Loop headquarters directly across the street to the east and Google completing a $280 million redevelopment of the Thompson Center into its new Chicago headquarters, two (2) blocks to the north, collectively adding over 15,000 new employees to the immediate area.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

139,000 SF

STORIES

24

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DC-16

APN/PARCEL ID

17-16-204-040-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.