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Work/Live Full-Floor Office Unit
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120 S State St, Chicago, IL 60603

Full-floor unit with direct elevator access, hardwood floors, and 3-operatory dental setup plus 1-bed/1-bath suite.

Property Size2,300 SF
Days on Market79

Property Features for 120 S State St

General Information

Standard status Active
Size 2,300 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Caton Commercial
Listed By: Zane McCartney · License #761095
Source: Moodyscre
Added: May 13 Changed: Jul 26 Last Checked: Jul 29 at 3:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caton Commercial

Investment Insights

Based on property information with market context.

Unit 8 offers a full-floor work/live layout of approximately 2,300 square feet with direct elevator access. The space features hardwood flooring and soaring ceilings, with front corner windows designed to capture panoramic views of State Street and the Palmer House.

Currently configured as a dental office, the suite includes 3 operatories and a connected 1-bedroom, 1-bathroom residential component. Dental equipment is included and is currently leased to the tenant’s practice.

Access to transit is available right outside the front door, including CTA bus service, the Red Line underground station, and all Loop L stops.

Key Highlights

  • Unit 8 is a full‑floor 2,300 SF work/live space with direct elevator access
  • Includes a 3‑operatory dental office setup; dental equipment is included in the purchase and leased to the tenant
  • 1‑bedroom, 1‑bath residential suite included within the work/live unit

Property Analytics

Current Use

Alternative Legal Services Law Firm Star Realty & Management ... Real Estate Agency Rhoades Levy Law ... Law Firm Mark Szaflarski Consultant Patula & Associates P.C. Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Adult Day Care Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

35,699
Businesses Nearby

Demographics for 60603, IL

1,288
Population
984
Households
1.3
Avg Household Size
38
Median Age
92%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
12,880
Density / Sq Mi
$128,107
Median Household Income
$86,484
Median Earnings
$2,104
Median Rent
$608,100
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Full-floor unit with direct elevator access, hardwood floors, and 3-operatory dental setup plus 1-bed/1-bath suite.
Where is this live-work space located?
The property is located at 120 S State St Chicago, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Unit 8 is a full‑floor 2,300 SF work/live space with direct elevator access; Includes a 3‑operatory dental office setup; dental equipment is included in the purchase and leased to the tenant; 1‑bedroom, 1‑bath residential suite included within the work/live unit
(512) 786-2800 Call to check price and availability
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