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    17 E Monroe St Chicago, IL 60603

    For Lease
    Contact for pricing

    Prime retail opportunity in the heart of Chicago's State Street.

    Property size:
    1,209 SF
    Lot size:
    1.33 Acres

    Property Features for 17 E Monroe St

    General Information

    Size
    1,209 SF
    Lot size
    1.33 Acres

    Source: Stone Real Estate Corp. Agent John Vance

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

    Overview

    Historic Retail Space on State

    Located in the heart of Chicago’s State Street shopping corridor, the historic Palmer House offers retailers an opportunity to join one of Chicago’s classic thoroughfares. Its central location on State Street provides proximity to excellent retail co-tenancy and the trade area’s dense office, residential, and tourist populations. The property presents brands with flagship opportunities due to its high-profile nature, strong neighborhood demographics, and State Street's established reputation as a retail destination. The property offers 1209 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Feelings Gift Shop Gift Shop Zees Apparel and Promotions Promotional Products Supplier Lockwood Restaurant & Bar American Restaurant ConceptDrop Advertising Agency The UPS Store Shipping And Mailing Service

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store 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
    -87.6269237
    Latitude
    41.8803769

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    FAQs

    What type of property is this?
    Retail space - Prime retail opportunity in the heart of Chicago's State Street.
    Where is this retail space located?
    The property is located at 17 E Monroe St Chicago, IL.
    What are key features of this property?
    This property features: - Prime location in the heart of Chicago's State Street shopping corridor.; - Proximity to excellent retail co-tenancy.; - Access to dense office, residential, and tourist populations.
    (312) 372-6200
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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
    17 E Monroe St Chicago, IL 60603
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