105 West Madison Street, Chicago, IL, USA

Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of a Verizon site license agreement on the rooftop of this 24 story mixed use (office and retail) building in the heart of Downtown Chicago, IL   The original license agreement was executed in April 1993 by Chicago SMSA Limited Partnership LP and a prior  building owner. The third and most recent amendment to license agreement was executed on July 9, 2010. At that time, the rent was changed to $25,674.72 annually due to the installation of new and additional equipment. Per the second amendment dated Jan. 21, 2010 the revised lease term shall be a five (5) year term, thereafter the license shall automatically extend for four (4) additional 5- year renewal terms. The annual rent shall be increased by 15% on each renewal term. Under the current terms the lease will expire in 2035 if all renewals are exercised. Special consideration will be given to offers that provide for a revenue share for additional wireless carriers with at 70-30 sharing model. The property is located at the major intersection at the Southwest corner of Madison Street and Clark Street. There is no ROFR. Offers must be submitted in the form of an executable Letter of Intent

These are some particulars:

Sealed Bid Deadline:  February 5, 2026

Current Annual Rent:  $39,047.98

Location:  105 W. Madison, Chicago, IL

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer