Presidential Towers

For Lease

555 West Madison Street, Chicago, IL 60661

You can currently find 2 retail space(s) available for lease at Presidential Towers. Designated use type for space listed here includes street retail. Current retail listings at this property total 12,352 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Presidential Towers.

Space Available For Lease 2

Contacts

broker

Matthew Tarshis

Frontline Real Estate Partners

Property Details

  • Property Type Retail - Street Retail
  • Property Size 135,000 SF
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1986
  • Year Renovated 2010
  • Date Updated Jul 15, 2024
The Property is located within Downtown Chicago in the affluent West Loop neighborhood. The Property is part of a thriving community that will experience a 7.07% population growth projection over the next five (5) years and maintains a median household income of $108,577 within a one-mile radius. The asset is situated on two (2) city blocks between West Madison Street and West Monroe Street (east/west thoroughfares) and between South Clinton Street and South Des Plaines Street with South Jefferson Street in the middle (north/south thoroughfares). With this location, Presidential Towers find itself in one of Chicago’s most densely populated neighborhoods (94,000 residents within a one-mile radius) with excellent public transit options. For example, the properties are just a few blocks from both Union Station and Ogilvie Transportation Center as well as within a few blocks from both the Clinton Green/Pink “L” station and Clinton Blue “L” station. It is worth noting that the properties are surrounded by several companies that help drive a daytime employee population of approximately 492,000 people. Some of those companies include Boeing Corporate Offices, CDW, Deloitte, Ernst & Young, Gogol, IBM Chicago Offices, and Walgreen’s Corporate Offices, among many others. Another feature of this location is the convenient access to the Kennedy Expressway (Interstate-90 and Interstate-94), and Interstate-290. The buildings are located just two (2) blocks from the Madison exit/entrance ramps. Neighboring Retailers include: Whole Foods, Mariano’s, Chicago’s French Market, Revival Food Hall, Walgreen’s, CVS/Pharmacy, Starbucks, Girl and the Goat, Little Goat, Au Cheval, Chipotle, and many more.Incredible leasing opportunity at Presidential Towers, a trophy asset in Chicago’s affluent West Loop neighborhood. Presidential Towers is comprised of four (4) 49-story apartment buildings, situated across two (2) full city blocks just steps from Ogilvie Transportation Center and Union Station. This prime leasing opportunity provides a captive audience with over 4,000 residents in Presidential Towers and a daytime population of over 183,000 pedestrians within a half-mile radius. Presidential Towers recently finished a multi-million dollar renovation including a new fitness club, a sundeck, along with an upgraded lobby and restaurants to service the residents and the expanding office population in the West Loop. With just over 135,000 SF of retail space, Presidential Towers features an excellent opportunity for an array of retail, restaurant, medical office or any service oriented business. The available units feature second generation kitchen equipment, a former grocer, a former coffee shop, spacious interiors flexible for various tenants, and expansive window lines that provide exposure to up to 45,000 VPD. Additionally, the property features parking on-site, convenient access to the Kennedy Expressway and an finds itself submerged in an affluent neighborhood with an average household income of $107,394.

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Highlights

  • Prime leasing opportunity in the heart of one of Chicago’s most affluent neighborhoods at the base of a high-rise apartment community
  • West Loop has a 492,000 daytime employee population within one (1) mile of the property
  • Conveniently located steps from Ogilvie Transportation Center, Union Station and multiple “L” Stations
  • Located two (2) blocks from the Madison Street feeder ramps, providing direct access to the Kennedy Expressway (Interstate-90 and Interstate-94), Interstate-290, other neighborhoods in the city, and the entire interstate system
  • Parking is available on-site
  • 7.07% population growth projection over the next five (5) years within the submarket
  • 94,000 residents that live within a one-mile radius of the properties featuring an average household income of $108,577
  • Situated in an area with numerous new developments, demonstrating tenants desire to be part of the West Loop neighborhood.

Getting around

  • 98/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood West Loop
  • Zip Code 60661
  • Market Chicago

Points of Interest

  • Clinton

    0.31 miles

  • Quincy

    0.45 miles

  • UIC-Halsted (Halsted Street)

    0.48 miles

  • UIC-Halsted (Peoria Street)

    0.56 miles

  • Morgan

    0.58 miles

  • UIC-Halsted (Morgan Street)

    0.64 miles

  • Merchandise Mart

    0.66 miles

  • Harold Washington Library-State/Van Buren

    0.73 miles

  • Lake

    0.76 miles

  • Grand

    0.77 miles

  • Blink

    0.26 miles

  • Volta

    0.27 miles

  • ChargePoint

    0.58 miles

  • Shell

    0.59 miles

  • Blink ParkChip Garage - 1035 Van Buren

    0.66 miles

  • Electrify America

    0.78 miles

  • Citgo

    0.83 miles

  • Tesla Supercharger

    0.84 miles

  • BP

    0.99 miles

  • Marathon

    1.09 miles

  • Presidential Towers Garage

    0.06 miles

  • CME Parking

    0.22 miles

  • The Poetry Garage

    0.39 miles

  • 311 South Wacker Drive

    0.39 miles

  • Franklin Center

    0.39 miles

  • Washington Franklin Self Park

    0.39 miles

  • 217 West Washington

    0.40 miles

  • The Franklin

    0.40 miles

  • Tower Self Park

    0.40 miles

  • 191 N Wacker

    0.42 miles

  • Five Guys

    0.03 miles

  • Blaze Pizza

    0.03 miles

  • Naf Naf Grill

    0.03 miles

  • Blackwood BBQ

    0.03 miles

  • Potbelly

    0.04 miles

  • IDOF - I Dream of Falafel

    0.06 miles

  • Venice Cafe

    0.07 miles

  • Chipotle

    0.08 miles

  • Yolk

    0.08 miles

  • Slightly Toasted

    0.09 miles

  • Metro Spice Mart

    0.09 miles

  • Chicago French Market

    0.19 miles

  • Whole Foods Market

    0.27 miles

  • H Mart

    0.29 miles

  • Wild Fork

    0.30 miles

  • Mariano's Fresh Market

    0.31 miles

  • Jewel-Osco

    0.54 miles

  • The Merchandise Mart

    0.61 miles

  • Block 37 Shops

    0.69 miles

  • Saks Off 5th

    0.72 miles

555 West Madison Street Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    555 West Madison Street is located in West Loop, which is home to a total of 13 listing(s). The rent for retail space at 555 West Madison Street is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 12,352 square feet of retail space for lease. Of this total, 12,352 square feet are Street Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    555 West Madison Street was last renovated in 2010.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in West Loop is 32. The average household income here is $133,333 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Tarshis

Frontline Real Estate Partners

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