Single-Tenant Retail
For Sale
Contact for pricing
Pending
530 S State St, Chicago, IL 60605
Ground-floor condominium leased to Illinois Media School with dedicated broadcast and production facilities.
Property SizeContact for details
Days on Market144
Property Features for 530 S State St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
97,000 vehicles/day
Additional Details
Floor
Ground
Building Details
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:58PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This ground-floor retail condominium is leased to The Illinois Media School, whose Chicago campus opened in 2010. The school operates a fully equipped TV studio, master control room, 23 video editing stations, 10 radio studios, and two on-air internet radio stations. The tenant recently extended its lease, and the school’s parent company operates seven campuses.
The property occupies space within a condominium building with more than 180 units in downtown Chicago. It sits at the signalized intersection of State Street and Congress Parkway, where traffic is reported at 97,000 VPD. Grant Park and Michigan Avenue are nearby, while more than 16,000 businesses and 420,000 employees are located within one mile. The surrounding area also includes DePaul University’s downtown campus, Columbia College Chicago, Roosevelt University, Robert Morris University Illinois, and the School of the Art Institute of Chicago.
The immediate one-mile area includes 58,841 residents and an average household income of $142,236. The property combines a single-tenant retail condominium format with specialized educational and broadcast improvements.
The property occupies space within a condominium building with more than 180 units in downtown Chicago. It sits at the signalized intersection of State Street and Congress Parkway, where traffic is reported at 97,000 VPD. Grant Park and Michigan Avenue are nearby, while more than 16,000 businesses and 420,000 employees are located within one mile. The surrounding area also includes DePaul University’s downtown campus, Columbia College Chicago, Roosevelt University, Robert Morris University Illinois, and the School of the Art Institute of Chicago.
The immediate one-mile area includes 58,841 residents and an average household income of $142,236. The property combines a single-tenant retail condominium format with specialized educational and broadcast improvements.
Key Highlights
- Ground‑floor retail condominium leased to The Illinois Media School
- Tenant lease recently extended; Chicago campus opened in 2010
- Fully equipped TV studio and master control room with 23 video editing stations
Property Analytics
Property Profile
Current Use
Lease Details
97,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18,551
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 73%
Hotels & Casinos 13%
Apparel 10%
Shops & Services 4%
Target
Superstores
131,620 visits/mo
0.5 miles
H&M
Apparel
18,041 visits/mo
0.5 miles
Renaissance Blackstone Hotel
Hotels & Casinos
13,890 visits/mo
0.1 miles
Best Western Grant Park Hotel
Hotels & Casinos
6,261 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
4,367 visits/mo
0.2 miles
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor condominium leased to Illinois Media School with dedicated broadcast and production facilities.
Where is this retail space located?
The property is located at 530 S State St Chicago, IL.
What are key features of this property?
This property features: Ground‑floor retail condominium leased to The Illinois Media School; Tenant lease recently extended; Chicago campus opened in 2010; Fully equipped TV studio and master control room with 23 video editing stations
