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    5050 S State St Chicago, IL 60609

    For Lease
    $12 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    129
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 5050 S State St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Number of units
    9
    Architectural style
    Other

    MoHall Commercial & Urban Development LLC (312) 826-9925 [email protected]

    Listing agent Moses Hall (312) 826-9925 License #471019687

    Listing date Aug 1, 2025

    MLS# 12435678 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Space in Bronzeville

    Located at 5050 S State St, Chicago, IL, this 11,185 sq ft second-floor office space is available for lease. The property is situated in the Bronzeville neighborhood and is zoned B3-2, accommodating a range of business types, including professional office spaces, medical offices, and retail storefronts. The space features elevator access and an on-site parking lot. The office space benefits from abundant natural light, modern finishes, and a flexible layout. The location provides easy access to I-90/94 and high visibility with over 225,000 vehicles passing daily. The Bronzeville Lakefront project, a 100+ acre redevelopment of the former Michael Reese Hospital site, is planned to include medical research facilities, retail spaces, and parkland. An upcoming 50-story mixed-use tower at 2601 S Martin Luther King Drive is also planned. Current tenants include DaVita Dialysis, Alderman Dowell's 3rd Ward Office, and Nail Master. The B3-2 zoning makes the space suitable for medical groups and healthcare organizations. The property is positioned for businesses looking to be part of Chicago's next chapter.
    Location Intelligence

    Current Use by Public Records

    Dr. Patricia Y. ... Family Practice Physician Dr. Amy Ramirez, ... Pediatrician MARY HAMMES Nephrologist Dr. Michael L. ... Family Practice Physician Osaretin Oronsaye Obstetrician-Gynecologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.625984
    Latitude
    41.802826

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    FAQs

    What type of property is this?
    Office space - Premier office space for lease in Chicago's Bronzeville neighborhood.
    Where is this office space located?
    The property is located at 5050 S State St Chicago, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Located in Bronzeville, a rapidly developing area with the transformative Bronzeville Lakefront project.; - 11,185 sq ft of B3-2 zoned space offering flexibility for various business types.; - Ideal for medical groups and healthcare organizations due to proximity to medical research facilities.
    (312) 826-9925
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5050 S State St Chicago, IL 60609
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