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Office Building with Amenity Floor
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515 N State St, Chicago, IL 60654

Chicago River North office building offers a new amenity floor, fitness center, and urban outdoor plaza.

Property Size24,308 SF
Days on Market487

Property Features for 515 N State St

General Information

Standard status Active
Size 24,308 SF
Property subtype OFFICE

Amenities

barista service
fitness center
urban outdoor plaza
Listing Agency: CBRE | Chicago
Listed By: Bill Sheehy
Source: Moodyscre
Added: Apr 4, 2025 Changed: Jul 27 Last Checked: Aug 2 at 2:30PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This office building at 515 N State St, Chicago, IL 60654 includes a new amenity floor with barista service and a state-of-the-art fitness center, along with an urban outdoor plaza for tenant use.

The property offers immediate access to the CTA Red Line and is positioned in River North, where there is abundant retail nearby. The combination of in-building amenities and direct transit access supports a convenient, amenity-forward work environment.

Key Highlights

  • Chicago River North office building with a new amenity floor
  • Barista service on the new amenity floor
  • State‑of‑the‑art fitness center

Property Analytics

Current Use

Nice Shoes Film Production Goldberg Andrew S Law Firm Lynn Allison M Law Firm The Plum Tree Group Advertising Agency Direct Auto Insurance Insurance Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Buffet Adult Day Care 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

Location Intelligence

Trade Area within ½ mile

39,915
Businesses Nearby

Demographics for 60654, IL

23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

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?
Office building - Chicago River North office building offers a new amenity floor, fitness center, and urban outdoor plaza.
Where is this office building located?
The property is located at 515 N State St Chicago, IL.
What are key features of this property?
This property features: Chicago River North office building with a new amenity floor; Barista service on the new amenity floor; State‑of‑the‑art fitness center
(312) 935-1896 Call to check price and availability
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