727 Madison StChicago, IL 60661

  • Commercial real estate
  • 0.01 AC

Property Details for 727 Madison St

Year built
2000
Lot size
0.01 AC
Property type
Commercial real estate
APN
17-09-337-038
APU
1709337038

Description

This exceptional 1,125-square-foot retail space is ideally situated at 727 W Madison St in Chicago, Illinois, within Cook County. The single-story building offers a completely vacant space, presenting a unique opportunity for a new tenant to establish a presence in a thriving area. The property boasts impressive 14-foot ceilings, providing ample space and design flexibility. Its strategic location at the base of a 492-unit luxury residential building ensures high foot traffic and visibility. This prime location benefits from strong co-tenancy with established businesses such as Chase Bank, Solidcore, and AT&T. The surrounding area is further enhanced by the presence of major retailers including Whole Foods, Orange Theory, Ulta, and Mariano's, as well as a new mixed-use development adding over 580 residential units. The intersection of Madison and Halsted streets provides excellent accessibility and exposure for any business. This is a rare opportunity to secure a prominent retail space in a rapidly developing and highly desirable Chicago neighborhood. The property is zoned for commercial use and is ready for immediate occupancy. The address is 727 W Madison St, Chicago, IL 60661.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $130,218
    Hospitality
    $119,279
    Educational
    $99,239
    Medical
    $102,651
    Retail
    $154,371

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8825
Longitude
-87.6469
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$38
$57
$125
$182
-
$228
$500
$728

FAQs

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