Transit-Adjacent Shopping
For Sale
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1101-1155 South State Street, Chicago, IL 60605
Two-level urban retail asset with established tenants, dedicated parking, and direct access to multiple CTA rail routes.
Property Size61,639 SF
Days on Market145
Property Features for 1101-1155 South State Street
General Information
Standard status
Active
Size
61,639 SF
Total Parking Spaces
154
Property subtype
Retail
Occupancy
91%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Walgreens, Fitness Formula Clubs
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Greenstone Partners
(312) 234-0371
Listed By:
Jason St. John · License #IL 475142612
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners
Investment Insights
Based on property information with market context.
The property comprises the first two levels of a vertically subdivided residential condominium building, with retail on the first floor and an approximately 154-space parking garage on the second. The retail component totals 61,639 square feet, is 91% leased to nine tenants, and includes 5,401 square feet of vacancy across two units measuring 4,043 and 1,358 square feet. Walgreens and Fitness Formula Clubs serve as anchor tenants under leases extending through 2028 and 2030, respectively.
Positioned at 1101-1155 South State Street at the northeast corner of State Street and Roosevelt Road, the property provides nearly 600 feet of State Street frontage and more than 140 feet along Roosevelt Road. A CTA Red Line entrance is located on State Street, while the adjacent Roosevelt ‘L’ station serves the Orange, Green, and Red Lines and records more than 3.8 million annual passengers. Within one mile, daytime population exceeds 270,000 and average household income exceeds $130,000 within both 0.5 and 1.0 miles.
Positioned at 1101-1155 South State Street at the northeast corner of State Street and Roosevelt Road, the property provides nearly 600 feet of State Street frontage and more than 140 feet along Roosevelt Road. A CTA Red Line entrance is located on State Street, while the adjacent Roosevelt ‘L’ station serves the Orange, Green, and Red Lines and records more than 3.8 million annual passengers. Within one mile, daytime population exceeds 270,000 and average household income exceeds $130,000 within both 0.5 and 1.0 miles.
Key Highlights
- 61,639‑square‑foot retail component with 91% leased occupancy
- 5,401 square feet of vacancy across two units: 4,043 SF and 1,358 SF
- Nine tenants, including Walgreens and Fitness Formula Clubs
Property Analytics
Current Use
Lease Details
91%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,054
Businesses Nearby
228k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Groceries 20%
Hotels & Casinos 11%
Apparel 8%
Target
Superstores
131,620 visits/mo
0.2 miles
Jewel-Osco
Groceries
46,012 visits/mo
0.2 miles
H&M
Apparel
18,041 visits/mo
0.3 miles
Renaissance Blackstone Hotel
Hotels & Casinos
13,890 visits/mo
0.3 miles
Best Western Grant Park Hotel
Hotels & Casinos
6,261 visits/mo
0.1 miles
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-level urban retail asset with established tenants, dedicated parking, and direct access to multiple CTA rail routes.
Where is this shopping center located?
The property is located at 1101-1155 South State Street Chicago, IL.
What are key features of this property?
This property features: 61,639‑square‑foot retail component with 91% leased occupancy; 5,401 square feet of vacancy across two units: 4,043 SF and 1,358 SF; Nine tenants, including Walgreens and Fitness Formula Clubs
