123 W Madison St - Office FOR SALE
Chicago, IL 60602 |
123 W Madison St
Chicago, IL 60602
HIGHLIGHTS
- Significant 22-story, multi-tenant brick vintage office building with ground-level retail prominently located in Chicago’s Financial District.
- Optimal accessibility via numerous transportation routes, with about 100 feet of highly visible frontage in the heart of downtown's Central Loop.
- Enticing value-add investment or premium adaptive reuse opportunity providing stability and significant upside through upgrades and vacancy lease-ups.
- Listed on the National Register as a contributing building in the LaSalle Street Historic District, the asset is a candidate for financial incentives.
- Desirable demographics include nearly 273,000 residents with an average household income of about $145,000 within 2 miles of the property.
- Tremendous growth in the immediate area exceeds the national average at an impressive 5.8% within a 1-mile surrounding radius.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Premier Adaptive Reuse/Value-Add Opportunity
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
80877
STORIES
22
BUILDING CLASS
B
YEAR BUILT
1929
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC AC
LAND SF
4,356 SF
ZONING
-
APN/PARCEL ID
17-16-204-031-0000
