123 W Madison St - Office Space Availability

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123 W Madison St, Chicago, IL 60602

  • Office

123 W Madison St, Chicago, IL 60602 - Office Space

123 W Madison St is located at 123 W Madison St in the Chicago Loop neighborhood, IL, Chicago, 60602. The Class C Office building was completed in 1913 and features a total of 70,000 Sqft.

There are 1,332 office spaces for lease in the Chicago Loop neighborhood, totaling 12,510,385 Sqft of available office space. The average asking office rent per sq. ft. in Chicago Loop is $5.76/sqft/year. For Class A+ office buildings the average office rate is $7.25/sqft/year, for Class A office buildings the average office rate is $6.65/sqft/year, for Class B office buildings the average office rate is $4.64/sqft/year, for Class C office buildings the average office rate is $6.33/sqft/year.

In Chicago Loop, there are 7 class C office buildings. In Chicago Loop, there are a total of 53 LEED certified office buildings. In 1913, the same year 123 W Madison St was built, 136 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chicago, featuring 1,492,826 square feet of commercial space. At zip code level, there are 27 commercial properties, of which 27 are office buildings over 50,000 square feet.

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Details

  • Lease Rate Contact for pricing
  • City Chicago
  • Neighborhood Chicago Loop
  • Zip Code 60602
  • Market Urban Chicago
  • Property Type Office
  • Property Size 70,000 Sqft
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1913

Description

For the best location and value in the Central Loop, your decision is as easy as 1-2-3....West Madison! The building's easy, straightforward approach to leasing office space is certain to save your business time and money while providing a tremendous amount of flexibility. All of this, in conjunction with this boutique building's newly renovated lobby and corridors, small floor plate, plentiful natural light and proficient property management, help make 123 West Madison the ideal choice for the small business owner. 

The esteemed 123 West Madison Building is in the center of it all, just steps away from City Hall, Daley Center, Thompson Center, the County Building, LaSalle Street Financial District, banking headquarters and all forms of public transportation, including CTA and Metra. 

Chicago Loop Demographics

Population

  • Total Population9,874
  • Male Population(50.5 %) 4,989
  • Female Population(49.5 %) 4,884
  • Median Age35.20

Income/Financial

  • Average Household Income$169,666
  • Median Household Income$115,774
  • Median Income Under 25$2,499
  • Median Income 25-44$122,465
  • Median Income 45-64$206,712
  • Median Income Over 65$159,818

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Jillian Schwartz

Willard Jones Real Estate LLC