2154 W Madison St
Chicago, IL 60612
SINGLE TENANT PNC BANK · Retail Property For Sale

Transwestern, in conjunction with Ten-X.com, is pleased to offer for sale via auction 2154 West Madison Street (the "Property"), a 2,118-square-foot ("SF") single-tenant building located in a prime neighborhood of Chicago. The Property is situated on .17 acres of land and is fully leased to PNC Bank through August, 2023 (first option) with two additional five-year options to extend and annual rent increases of three percent. The subject property is a PNC Bank branch located on the NEC of West Madison Street and North Leavitt Street. This bank branch consists of 2,118 square feet of building situated on .17 acres of land and has 18 parking spaces, two drive-thru lanes and one ATM lane. There are approximately 7,050 cars that pass by this PNC location daily. There is full ingress and egress access to the bank from West Madison Street as well as egress on North Leavitt Street. This property is located a half-mile west of the United Center, home to the Chicago Bulls and Chicago Blackhawks. Other area retailers include Walgreens, McDonald’s and Pete’s Fresh Market. Nearby competition includes Wintrust bank and Chase bank. PNC is committed to improving the quality of life for families in low and moderate-income neighborhoods. PNC recently received an "outstanding" for its most recent Community Reinvestment Act ("CRA") exam. This location is serving a moderate-income neighborhood.