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5050 S State Street, Chicago, IL 60609

Commercial Lease, Chicago, IL

Space Size11,185 SF
Days on Market234

Property Features for 5050 S State Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning COMMR
Directions State Street to 5050 | I 90/94 to 55th to State south to 5050 | NWC 51st and State
Subdivision CHI - Grand Boulevard
Standard status Active

Utilities

Cooling system Central Air

Amenities

on-site parking lot
abundant natural light
modern finishes
flexible layout

Building Details

Year built 1969
Floors in Building 2
Number of units 9
Building materials Brick
Listing Agency: MoHall Commercial & Urban Development
Listed By: Moses Hall
Added: Mar 5 Changed: Oct 10 Last Checked: Oct 25 at 12:06AM
MLS# 12584271

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

The property offers 11,185 square feet of office space on the second floor at 5050 S State Street. The premises feature a flexible layout, modern finishes, abundant natural light, central air, elevator access, and an on-site parking lot. The brick building was constructed in 1969.

Located in Chicago’s Bronzeville neighborhood, the property provides access to I-90/94 and sits in an area reporting over 225,000 vehicles passing daily. Existing occupants include DaVita Dialysis, Alderman Dowell’s 3rd Ward Office, and Nail Master, reflecting a mix of professional and community-oriented uses within the building. The space is positioned for office, medical, nonprofit, and related commercial operations.

Key Highlights

  • 11,185 SF of second‑floor office space
  • Elevator access and on‑site parking lot
  • Central Air cooling system

Property Analytics

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Open Analytics

Current Use

Dr. Patricia Y. ... Pediatrician Dr. Amy Ramirez, ... Pediatrician MARY HAMMES Physician Dr. Michael L. ... Pediatrician Osaretin Oronsaye Physician

Suggested Use

Top Pick Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

962
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$26.82 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,677 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Air-conditioned commercial space with elevator service, natural light, and on-site parking near I-90/94.
Where is this office unit located?
The property is located at 5050 S State Street Chicago, IL.
What are key features of this property?
This property features: 11,185 SF of second‑floor office space; Elevator access and on‑site parking lot; Central Air cooling system
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