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    2001-2009 S State St Chicago, IL 60605

    For Lease
    $25 SF/Yr ($11,097 /Mo)

    Retail space or built-out gym in revitalizing South Loop.

    Property size:
    5,327 SF
    Lot size:
    0.39 Acres

    Property Features for 2001-2009 S State St

    General Information

    Size
    5,327 SF
    Lot size
    0.39 Acres

    Source: Willard Jones Real Estate Agent Jonathan Zimmerman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Loop Retail/Gym Space

    This building, constructed in 1878, offers a retail space with frontage on State Street. The property is located at State and Cullerton, neighboring Reggies Chicago and in proximity to historic Motor Row. The surrounding South Loop area is undergoing revitalization. The available space is a built-out gym, available with 30 days notice. The property is located near the Cermak-McCormick Place and Cermak-Chinatown L Stations. The Motor Row building is also a short distance from McCormick Place, multiple dining and hotel options as well as Lake Shore Drive. The property contains 5327 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6267391
    Latitude
    41.8553014

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    FAQs

    What type of property is this?
    Retail space - Retail space or built-out gym in revitalizing South Loop.
    Where is this retail space located?
    The property is located at 2001-2009 S State St Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Excellent frontage on State Street.; - Prime location at State and Cullerton, near Reggies Chicago and historic Motor Row.; - Steps from Cermak-McCormick Place and Cermak-Chinatown L Stations.
    (312) 263-8787
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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
    2001-2009 S State St Chicago, IL 60605
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