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3397635
1549254

105 W Madison St, Chicago, IL 60602

MR
IL 01324137
Windy City RE LLC
Listed by Windy City RE LLC
Unpriced
2291 days on market
Updated 44 days ago

Chicago Loop High-Rise Office Building

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 134,220
Cap Rate 6.30%
NOI $1,574,568
Occupancy 80%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma NOI $2,470,835
Year Built 1928, 2017
Year Renovated 2016-2021
Buildings 1
Stories 24
Lot Size (SqFt) 6,395
Zoning DC-16
Ownership Fee Simple

Office | 6.30% CAP | 134,220 SF

Marketing description

105 W Madison Street is a high-rise office building located in the Chicago Loop in the heart of one of the world's busiest urban financial centers. The space is occupied by tenants such as the Northern Illinois University College of Business, Grand Dentistry, Loop Chiropractic & Sports Injury, and The College of Chicago. Also home to several law firms and the building is located just a short walk to both the Circuit Court of Cook County and the US District Court. The food court provides diverse cuisine including Poke, Mexican, and Vietnamese.

The property is strategically located on the Southwest corner of the signalized intersection of Madison Street and Clark Street in the heart of the primary business and financial district of Chicago. The daytime population within a one mile radius of the property is in excess of 550,000 people. The property is situated within steps from multiple CTA L stations (Chicago's elevated train and subway system) and is within a 15-minute walk of four downtown commuter rail stations that serve the metro area. Some of Chicago's most visited tourist attractions are located within the location such as Millennium Park, Willis Tower, The Art Institute of Chicago and Buckingham Fountain. The surrounding area is densely populated with over 64,645 people living within a one mile radius earning an average annual household income in excess of $140,700 per year.

The building has seen many capital improvements in recent years. Interior modeling of most offices throughout the building, elevator modernization, new sprinkler system, common corridors and bathrooms, new fire alarm system, recent tuckpointing and a brand new building automation system.

Investment highlights

Strategic Location
•Located at Clark and Madison within the Chicago Loop, the primary business and financial district of Chicago
•Central downtown location within blocks of Chicago's most notable tourist attractions
•Daytime population in excess of 549,000 people within a one miler radius
•Situated within steps from multiple CTA L stations with a combined rider total of over 11.8 million people
•Within a 15-minute walk of the four downtown commuter rail stations that serve the metro area

Rare Investment Opportunity
•Iconic art deco building in a core urban location
•Exceptional frontage along Madison Street and Clark Street, two primary thoroughfares
•Densely populated urbanlocation
•Significant barriers to entry

Strong Operating History
•Rental escalations in primary terms and renewal option periods

Desirable Market
•Chicago is the most populous city in the Midwestern United States
•Chicago attracts over 50 million domestic leisure travelers, 11 million domestic business travelers and 1.5 million overseas visitors
•Chicago hosts 12 Fortune Global 500 companies and 17 Financial Times 500 companies

Listing Contacts

MR
IL 01324137
Windy City RE LLC
Listed by Windy City RE LLC

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$1,574,568.00
$131,214.00/mo

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Map

Zoning

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DC-16 CommercialSpecial CommercialDowntown Core District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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