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    209 S State St Chicago, IL 60604

    For Sale
    $6,500,000

    112,495 SF building in Chicago's central Loop.

    Property size:
    112,495 SF
    Lot size:
    0.17 Acres

    Property Features for 209 S State St

    General Information

    Size
    112,495 SF
    Lot size
    0.17 Acres

    Source: SVN | Chicago Agent Chad Schroedl

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

    Overview

    Prime State Street Retail Building

    Located on the prime State Street retail corridor in Chicago's central Loop, this 112,495 square foot building features retail space on the first floor. The property offers multiple avenues of potential redevelopment. It is situated two blocks from Millennium Park, the Art Institute, and other landmarks. Excellent public transportation options are available, with the CTA Red Line entrance just steps away.
    Location Intelligence

    Current Use by Public Records

    Smoke-Stack & Chimney Cleaning ... Home Improvement Store

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6272494
    Latitude
    41.8790617

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    FAQs

    What type of property is this?
    Office building - 112,495 SF building in Chicago's central Loop.
    Where is this office building located?
    The property is located at 209 S State St Chicago, IL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Prime State Street retail corridor location in Chicago's central Loop.; - 112,495 SF building with retail on the first floor.; - Excellent public transportation access; steps from CTA Red Line.
    (619) 818-3480
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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
    209 S State St Chicago, IL 60604
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