Active · For Sale · Mixed Use

1219 W Madison Street, Chicago, IL 60607

MLS opportunity selected in connection with 1351-1355 W Washington Blvd, Chicago, IL 60607

MLS #12681237

1219 W Madison Street, Chicago, IL 60607
1219 W Madison Street, Chicago, IL 60607CRER
1219 W Madison Street, Chicago, IL 60607

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1219 W Madison Street, Chicago, IL 60607

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The property

Executive summary

ESTABLISH A SIGNATURE PRESENCE IN THE HEART OF CHICAGO'S PREMIER WEST LOOP DISTRICT WITH THIS ONE-OF-A-KIND BUILDING. A truly irreplaceable opportunity to secure a flagship location on coveted Madison Street. This exceptional, ADA-compliant steel-frame mixed-use asset offers approximately 4,000 square feet of customizable commercial space with dramatic 17.5-foot ceilings, complemented by an extraordinary 4,000-square-foot luxury penthouse "flex space" residence above. Situated on a rare double lot, the property offers an exceptional combination of visibility, flexibility and accessibility, featuring a 4,000-square-foot lower level, private courtyard/patio and nine secured on-site parking spaces, an increasingly rare amenity in the West Loop. Strategically positioned within one of Chicago's most dynamic and rapidly growing commercial corridors, the property benefits from outstanding transportation connectivity, strong pedestrian traffic, and immediate proximity to the neighborhood's renowned restaurants, retailers, offices, and residential developments. The first level is ideally suited for a corporate headquarters, flagship showroom, medical or wellness practice, family office, creative studio, experiential retail concept, or other distinguished professional use. Designed with flexibility in mind, the first-floor space can be fully customized to align with a tenant's operational…

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Financial Snapshot

Annual Taxes
$69,765 (2024)

Property Details

Units
2
Building Size
8,000 SF
Lot Size
8,712 SF
Lot Dimensions
45X189
Stories
2
Year Built
2004
Building Age
New Rehab
Construction
Brick, Steel Siding
Roof
Flat
Parcel Number
17171050110000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Air Conditioning, Common Area Maintenance, Electricity, Heat, Sewer, Varies by Tenant, All Utilities
Electric
Service - 201 to 600 Amps

Location & Use

County
Cook
Market Area
Chicago - Near West Side
Present Use
Commercial, Condominium
Potential Use
Commercial, Condominium, Re
Location
Mixed Use Area, In City Limits
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.