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State Street Retail Flagship Opportunity
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35 South State Street, Chicago, IL 60603

Prime retail space in Chicago's central business district.

Days on Market250

Property Features for 35 South State Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Danny Jacobson
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:42AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This retail space offers a flagship opportunity in the heart of the State Street retail district. The property features approximately 26,675 square feet of space, encompassing the ground floor and lower level. It is strategically located directly between Target and Vans, benefiting from high foot traffic. The property boasts approximately 65 feet of frontage on State Street, providing significant visibility. A two-story branding opportunity is available. Ceiling heights are approximately 17 feet 10 inches on the first floor and approximately 10 feet 6 inches on the lower level. The location is adjacent to multiple CTA Stations, which average over two million riders per year. Situated at 35 South State Street, the property is in the center of Chicago's central business district and two blocks from Millennium Park, a major tourist destination in Illinois.

Key Highlights

  • Prime location in the heart of the State Street retail district.
  • High foot traffic location adjacent to multiple CTA stations with over two million riders per year.
  • Significant frontage (±65') on State Street.

Property Analytics

Current Use

Primark Clothing & Fashion Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Adult Day Care Clothing & Fashion Store Tanning Salon

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

35,699
Businesses Nearby
94k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 38% Shops & Services 34% Apparel 15% Dining 13%
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.4 miles
BP Shops & Services
25,664 visits/mo 0.3 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.1 miles
McDonald's Dining
9,419 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.5 miles

Demographics for 60603, IL

1,288
Population
984
Households
1.3
Avg Household Size
38
Median Age
92%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
12,880
Density / Sq Mi
$128,107
Median Household Income
$86,484
Median Earnings
$2,104
Median Rent
$608,100
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail space in Chicago's central business district.
Where is this retail space located?
The property is located at 35 South State Street Chicago, IL.
What are key features of this property?
This property features: Prime location in the heart of the State Street retail district.; High foot traffic location adjacent to multiple CTA stations with over two million riders per year.; Significant frontage (±65') on State Street.
More about this property
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