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    127 S State St Chicago, IL 60602

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    For Lease
    Contact for pricing

    31,519 SF available in Chicago's Central Business District.

    Property size:
    31,519 SF
    Lot size:
    0.06 Acres

    Property Features for 127 S State St

    General Information

    Size
    31,519 SF
    Lot size
    0.06 Acres

    Source: JLL - Corporate Agent Steve Schwartz

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

    Overview

    Historic Retail Space on State

    Located in the historic Waterman Building at 127 South State Street, this 31,519 SF retail space is situated on one of Chicago’s busiest retail corridors, within the bustling Central Business District. The location is surrounded by offices, hotels, theaters, and educational institutions. Excellent public transit access is available, including the Monroe ‘L’ Stop directly outside and multiple lines nearby, making this space easily accessible from all parts of the city.
    Insight Report Location Intelligence

    Current Use by Public Records

    Catala's Cleaning Contractor

    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
    -87.6272641
    Latitude
    41.8799352

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    FAQs

    What type of property is this?
    Retail space - 31,519 SF available in Chicago's Central Business District.
    Where is this retail space located?
    The property is located at 127 S State St Chicago, IL.
    What are key features of this property?
    This property features: - 31,519 SF available in the historic Waterman Building.; - Central location within Chicago’s bustling Central Business District.; - Excellent public transit access with the Monroe ‘L’ Stop directly outside.
    (312) 782-5800
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    Chicago, IL 60602
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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
    127 S State St Chicago, IL 60602
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