Coworking Space with Security
For Sale
Contact for pricing
8725 South State Street Unit 1, Chicago, IL 60619
Coworking room with shared amenities, parking, laundry access, and continuous building security.
Property Size12,670 SF
Price / SF$0.06
Days on Market2047
Property Features for 8725 South State Street Unit 1
General Information
Standard status
Active
Size
12,670 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$4,223
Amenities
Free WIFI
Free Parking
On-site laundry facility
Snack Vending Machines
Spacious Suites
Personalization Potential
Community of Creatives
24/7 Security
Double Door Security Entry
Cross Promo Opportunities
Building Details
Year Built
1977
Stories
2
Listing Agency:
Dior Realty Group
Listed By:
Wilma Sargent · License #475181705
(773) 219-4028
Source:
Compass
Added: Mar 15, 2021
Changed: Oct 16
Last Checked: Oct 20 at 11:50PM
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 Dior Realty Group
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Investment Insights
Based on property information with market context.
Room 1 provides 120 square feet within a coworking property designed for professional use. Shared amenities include WiFi, parking, an on-site laundry facility, snack vending machines, and 24/7 security supported by a double-door entry system. Cross-promotion opportunities and access to a community of creatives are also offered.
The property contains 12,670 square feet and was built in 1977. It is located at 8725 South State Street, Unit 1, Chicago, Illinois 60619, and carries COMMR zoning. The configuration combines individual work areas with shared conveniences for occupants seeking a business setting with on-site support features.
The property contains 12,670 square feet and was built in 1977. It is located at 8725 South State Street, Unit 1, Chicago, Illinois 60619, and carries COMMR zoning. The configuration combines individual work areas with shared conveniences for occupants seeking a business setting with on-site support features.
Key Highlights
- 120‑square‑foot coworking room
- 12,670‑square‑foot property built in 1977
- WiFi, parking, laundry facility, and snack vending machines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$271,848
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,436,960
$5.4M
Cap Rate 7%
$3,883,543
$3.9M
Cap Rate 9%
$3,020,533
$3.0M
Market Conditions
NOI Build-Up for 12,670 SF
Gross rent
$486.5K $38.40/SF
− Vacancy
−$124.1K −$9.79/SF
EGI
$362.5K $28.61/SF
− OpEx
−$90.6K −$7.15/SF
NOI
$271.8K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,436,960
Cap Rate 7%
$3,883,543
Cap Rate 9%
$3,020,533
Alternative Uses
Best Use
Office B
$3.88M
$3.40M – $4.53M
NOI $271,848 @ 7.0% cap · market cap 33,981.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M
NOI $418,171 @ 7.0% cap · market cap 52,271.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Coworking space - Coworking room with shared amenities, parking, laundry access, and continuous building security.
Where is this coworking space located?
The property is located at 8725 South State Street Unit 1 Chicago, IL.
What are key features of this property?
This property features: 120‑square‑foot coworking room; 12,670‑square‑foot property built in 1977; WiFi, parking, laundry facility, and snack vending machines
