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    500 N State St Chicago, IL 60605

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    For Lease
    Contact for pricing

    17,700 SF retail space in Chicago's nightlife district.

    Property size:
    11,000 SF
    Lot size:
    0.09 Acres

    Property Features for 500 N State St

    General Information

    Size
    11,000 SF
    Lot size
    0.09 Acres

    Source: JLL - Corporate Agent Peter Caruso

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

    Overview

    Prime Retail Space in Chicago

    Located at 508 N State St, Chicago, Illinois, this retail space offers 17,700 square feet available for sublease. Situated in the heart of Chicago’s nightlife district, the property benefits from its location in River North, a bustling downtown area known for its high concentration of restaurants and entertainment venues. The River North neighborhood houses many of Chicago’s bars and clubs, making it a lively area, especially after dark. The property at 500 N State St offers 11,000 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    NAmoe Atta Resto Restaurant Construction Services | Landstar ... Contractor G-Bay Logistics Transportation Service Library Tower Condominium ... Condominium Complex

    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
    -87.6280635
    Latitude
    41.8753096

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    FAQs

    What type of property is this?
    Retail space - 17,700 SF retail space in Chicago's nightlife district.
    Where is this retail space located?
    The property is located at 500 N State St Chicago, IL.
    What are key features of this property?
    This property features: - 17,700 SF retail space available for sublease.; - Located in the heart of Chicago's nightlife district.; - Situated in Chicago's bustling River North downtown area.
    (312) 782-5800
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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
    500 N State St Chicago, IL 60605
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