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105 W Madison St 6,700 SF Retail Condo Unit in Chicago, IL 60602
Investment Highlights
- Stabilized retail storefront property consisting of three (3) street-level units totaling 6,700 SF in the Chicago Loop
- Strategically positioned at the center of a high-amenity corridor
- Located within a dense urban trade area of more than 401,000 residents and high-income households within three miles.
- Fully leased to Dunkin', Subway, and Nature's Grace and Wellness, along with a supplemental Verizon cell tower lease
- Surrounded by billions of dollars in institutional commitments including Google’s Thompson Center redevelopment and JPMorgan Chase’s HQ renovation.
- Exceptional connectivity to Ogilvie Transportation Center, Union Station, and multiple CTA stops within walking distance.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
Description
Storefront Retail feautring Nature's Grace & Wellness, Dunkin', and Subway.
Sale Notes
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1, 2, & 3 | 6,700 SF | Retail | Upon Request | $464,250 |
Unit 1, 2, & 3
| Unit Size |
| 6,700 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $464,250 |
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Unit 1, 2, & 3
| Unit Size | 6,700 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $464,250 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Description | |
| Storefront Retail feautring Nature's Grace & Wellness, Dunkin', and Subway.</li></ul> | |
| Sale Notes | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Bus Line
- Commuter Rail
- Conferencing Facility
- Food Service
- Property Manager on Site
- Security System
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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105 W Madison St
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