Central Union Block (Union National Bank)
Life Span: 1871-1903
Location: Northwest corner of Market and Madison streets
Architect: F. and E. Baumann
The Land Owner, February 1872
REBUILT CHICAGO—THE CENTRAL UNION BLOCK
In shadowing forth to the charitable world our new Chicago, we take especial pride in presenting illustrations of those buildings that have been erected since the fire, in the dead of winter, with the elements waging continual war against architects, masons, and carpenters. The most prominent of these is the Central Union block, at the northwest corner of Market and Madison streets, opposite the wholesale building of Field, Leiter & Co.
In the general ruin of October 9th, the Union National Bank building went down among the other business palaces of the city. Hon. W. F. Coolbaugh immediately determined to erect the Central Union block, and re-establish there his his great monetary institution. In connection with Messrs. Wheeler & Powers, he began to clear away the debris two days after the fire, and in sixty days the building was ready for occupancy.
This immediate action proved a great boon to Chicago, as it provided, at once, seventy complete suites of large and commodious business offices for the accommodation of our business houses. Every office was immediately rented to first-class tenants, and to-day the Central Union block is a busy hive of industry, the annual renting being about $70,000.
The Central Union Block
Northwest Corner Madison and Market Streets (Burnt District)
Erected in Sixty Days By Hon. W. F. Coolbaugh and Messrs. Wheeler & Powers.
The Central Union block is 200 feet on both Madison and Market streets, and 50 feet deep. It is built of brick, with stone trimmings, and considering the length of time occupied in its construction, is a marvelous creation. It will long stand as a fitting monument to its open-handed and bold proprietors. The architects were Messrs. F. & E. Bauman. The building is a much better structure than stood on the site before the fire.
THE UNION NATIONAL.
As will be seen in the engraving,
THE STATE SAVINGS INSTITUTION.
This old and popular institution occupies
MILLARD & DECKER.
This well-known and extensive stationery house
GENERAL ARTHUR C. DUCAT’S INSURANCE AGENCY.
Immediately over the Union National is located
④ National Union Bank
History of Chicago, A. T. Andreas, 1884
THE UNION NATIONAL BANK
When the fire of 1871 burned the building at the corner of Lake and LaSalle streets, then occupied by the Union National Bank, it was necessary for that institution to find some place in which to re-open its business. C. T. Wheeler, then vice-president of the Union National, tendered the use of a portion of his residence on Wabash Avenue, and for a few months business was transacted there. In the fall of 1871, Messrs. Coolbaugh, Powers and Wheeler erected the Central Union Block on Madison Street, near the river, and the busincss was transferred to it in December of that year. In 1873, they again removed to their present location, handsome quarters in the Union Building, at the southwest corner of Washington and LaSalle streets.
Chicago Tribune, April 30, 1903
The negotiations for a consolidation of the ownership of the Central Union block at the northwest corner of Market and Madison streets, are said to be making progress. The building is owned by a corporation known as the Central Union Building company, the stockholders in which were Chief Justice Fuller and the late C. T. Wheeler. Upon the death of Mr. Wheeler his interest passed to the Allens of New York City. It is understood that the building company. which has a lease on the ground, with eighteen years yet to run, is negotiating for the purchase of the ground.
Central Union Block
Robinson Fire Map 1886
Volume 3, Plate 2