Single-Story Industrial
For Sale
Contact for pricing
1640 S State St, Chicago, IL 60616
Single-tenant industrial building leased to Fleet Distributors, Inc. on a month-to-month basis.
Property SizeContact for details
Days on Market142
Property Features for 1640 S State St
General Information
Standard status
Active
Property subtype
Retail, Industrial
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Susan Silver · License #IL 475136992
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 10:23PM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
This 13,646 square foot industrial property is a single-story building occupied by one tenant, Fleet Distributors, Inc. The tenant has operated from the property since January 2001 under a month-to-month lease. The site is positioned at the corner of 16th and State Streets in Chicago’s South Loop.
The property is near The Loop, Michigan Avenue retail and dining, Jewel-Osco, Whole Foods, Target, Trader Joe’s, Grant Park, Soldier Field, the Art Institute of Chicago, schools, and museums. CTA Red, Orange, and Green line service and major expressways provide regional transportation access. A conceptual redevelopment scenario combining this parcel with 1639-1701 South State Street identifies capacity for 151 dwelling units, including 30% efficiencies, under DX-5 plus bonus parameters.
The property is near The Loop, Michigan Avenue retail and dining, Jewel-Osco, Whole Foods, Target, Trader Joe’s, Grant Park, Soldier Field, the Art Institute of Chicago, schools, and museums. CTA Red, Orange, and Green line service and major expressways provide regional transportation access. A conceptual redevelopment scenario combining this parcel with 1639-1701 South State Street identifies capacity for 151 dwelling units, including 30% efficiencies, under DX-5 plus bonus parameters.
Key Highlights
- 13,646 square foot single‑story industrial property
- Single tenant: Fleet Distributors, Inc.
- Tenant occupancy dates to January 2001
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,907
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Industrial property - Single-tenant industrial building leased to Fleet Distributors, Inc. on a month-to-month basis.
Where is this industrial property located?
The property is located at 1640 S State St Chicago, IL.
What are key features of this property?
This property features: 13,646 square foot single‑story industrial property; Single tenant: Fleet Distributors, Inc.; Tenant occupancy dates to January 2001
