1201 W Madison St
FOR LEASE
NEW CLASS A LOFT OFFICE SPACE
Neighborhood: West Loop
Cross Streets: Madison St & Racine Ave
LOCATION: 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.
TRAFFIC COUNTS: 11,000 vehicles per day (VPD) on Madison, 9,100 VP on Racine, 170,000 VPD on I-290 (Eisenhower Expressway)
DEMOGRAPHICS (2020): 1 MI.
Population 240,393
Households 121,788
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
ZONING: 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.
OFFICE SPACE: 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
firms, etc.
- Approximately 3,000 rentable sq ft
- Up to 16′ ceilings with unobstructed, column-free interior spans
- High-speed telecommunications wiring
DELIVERY CONDITION: 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.
PARKING: 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).
LEASE RATE: Negotiable, please inquire
PASS-THROUGH EXPENSES: N/A. Taxes and Common Area Maintenance are included in the base lease rate along with heat and electric utilities.
AVAILABILITY: Negotiable
Scott Fithian
773-404-4314
scott@lordcompanies.com