CROSS STREETS: MADISON & RACINE
NEW CLASS A LOFT OFFICE SPACE
NEIGHBORHOOD: WEST LOOP
1201 W. MADISON ST.
THE LORD COMPANIES, L.L.C.
|1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
This high visibility site is located on the southwest corner of the stop-light intersection of
Madison and Racine. It is surrounded by the booming commercial and residential
development in the West Loop. Located just west of the Loop, close to the University of
Illinois Chicago Circle Campus, Rush-Presbyterian St. Luke’s Medical Center, the United
Center, Greektown and the city’s premier restaurant district on Randolph Street, this
location is easily accessible from all areas in the city via the Kennedy Expressway (I-90/94),
less than 3/4 mile east, the Eisenhower Expressway (I-290), 1/3 of a mile south, or Ogden or
Ashland Avenue, 3 blocks west. The Madison (route 20) bus stops directly in front of this
location and it is also close to the new Green & Pink Line El stops at Morgan & Lake or the
Blue Line El stop at Racine & I-290 (<1/2 mile north or south).
The area is filled with dozens of neighborhood restaurants/cafés, coffee shops, fitness
clubs, service businesses, etc. Major area retailers include a brand new Target, Mariano’s,
Whole Foods and Walgreens.
11,000 vehicles per day (VPD) on Madison, 9,100 VP on Racine, 170,000 VPD on I-290
Daytime Work Population 645,770
Average Household Income $127,304
Median Household Income $98,597
Median Housing Value $416,560
Total Specified Consumer Spending ($000) 3,266,848
C2-3 (Motor Vehicle-Related Commercial District). This zoning accommodates a very broad
range of business, service and commercial uses. In terms of allowed uses, C2 represents the
highest intensity business or commercial zoning district. It allows nearly any type of
business, service or commercial use.
This new office space is on the 2nd floor of the First Eagle Bank building. This Class A building
features a modern interpretation of loft spaces with high ceilings, expansive arched windows
and high-end interior finishes. This space would be suitable for mutually compatible prestige
office users such as law firms, real estate offices, mortgage brokers, consulting
- Approximately 3,000 rentable sq ft
- Up to 16’ ceilings with unobstructed, column-free interior spans
- High speed telecommunications wiring
This space will be delivered as a “turnkey” space similar to the existing build-out of the Bank’s
space based on mutually agreed upon plans.
On-site parking is only available for bank customers; Tenant employees and guests will need
to arrange for off-site parking in the area (available for $100-$150/mo from several buildings
within a block of this location).
Negotiable, please inquire
N/A. Taxes and Common Area Maintenance are included in the base lease rate along with
heat and electric utilities.
Existing Conditions in Bank’s space
Current Condition of Vacant space
(First Eagle Bank Bldg.)