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4039-4041 W Madison St
15,600 SF 28% Leased Retail Building Chicago, IL 60624 £353,905 (£23/SF) 11.27% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 15,600 SF mixed-use building
- Potential to rehab upper floors as office or apartments
- First floor built-out as two retail storefronts
- Near corner of Pulaski & Madison
PROPERTY FACTS
ABOUT 4039-4041 W MADISON ST , CHICAGO, IL 60624
Pulaski and Madison retail corridor, a 15,600 square foot mixed-use building is available for sale. The first floor is built out with a mix of retail and office space. Current tenants are a grocery store and income tax prep office. The upper floors are vacant with an open layout ready to be developed as office, creative or apartment space. Nearby businesses are a mix of local and national retail users including BMO Harris Bank, Aldi, Foot Locker, and White Castle. This is a great opportunity for a user or investor looking to add value.
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,200 SF
- Retail
- In-Line
- Apr 2025
Great development opportunity on the 2nd floor of this building, up to 10,000 SF of raw space for lease. Lease term and rent are flexible. This space could be turned into an event space, shared office or more.
Great development opportunity on the 2nd floor of this building, up to 10,000 SF of raw space for lease. Lease term and rent are flexible. This space could be turned into an event space, shared office or more.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,200 SF | Retail | In-Line | Apr 2025 |
| 2nd Floor | 5,000 SF | Office | - | Now |
| 3rd Floor | 5,000 SF | Office | - | Now |
1st Floor
| Size |
| 4,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Apr 2025 |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 5,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Great development opportunity on the 2nd floor of this building, up to 10,000 SF of raw space for lease. Lease term and rent are flexible. This space could be turned into an event space, shared office or more.
3rd Floor
| Size | 5,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Great development opportunity on the 2nd floor of this building, up to 10,000 SF of raw space for lease. Lease term and rent are flexible. This space could be turned into an event space, shared office or more.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-15-203-007-0000 | Improvements Assessment | £77,155 |
| Land Assessment | £15,638 | Total Assessment | £92,793 |
PROPERTY TAXES
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4039-4041 W Madison St
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