South Loop Mixed-Use
2001 S State St, Chicago, IL 60616
Newly renovated South Loop mixed-use property with commercial and residential units.
Type:Mixed Use, Multifamily, Office, Retail
Property size:
12,960 SF- Added:
- Feb 9, 2021
- Days on Market:
- 1936
- Last Refresh:
- May 19 at 8:33 pm
Property Features for 2001 S State St
General Information
- Standard status
- Active
- Size
- 12,960 SF
- Property subtype
- Mixed Use, Multifamily, Office, Retail
Building Details
- Year Built
- 1878
Listing agent Milan Rubenstein License #IL 01324137
Listing office Windy City RE LLC
Listing date Feb 9, 2021
Source Crexi
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 Windy City RE LLC
HighLights
- Newly renovated property featuring 22 apartments and commercial spaces, offering immediate income potential.
- Prime South Loop location, two blocks from the Cermak Green Line L Station.
- Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.
- All apartments are fully renovated with new granite counters, cabinets, flooring, stainless steel appliances, plumbing, electric, heating & cooling, and laundry machines.
- Diverse commercial tenants including Phenomenal Fitness, Streetwise Chicago HQ, an OBGYN, and a specialty grocery store.
- $390M expansion project underway to create McCormick Square, promising new nightlife, hotels, and retail attractions nearby.
Overview
This dual offering in the South Loop features newly renovated properties at 2001 State and 2000 Wabash. The 2001 State property includes 22 apartments and 12,960 square feet of commercial space, while 2000 Wabash offers 6,736 square feet of commercial space and a 2,200-square-foot work/live space on the second floor. Commercial tenants include Phenomenal Fitness, Streetwise Chicago HQ, an OBGYN, and a specialty grocery store. A new Certificate of Occupancy was issued in 2018, and all commercial spaces underwent new buildouts between 2018 and 2021. The apartments have been completely renovated with new granite counters, cabinets, flooring, stainless steel appliances, plumbing, electric, heating and cooling systems, and laundry machines. Formerly the Cullerton Hotel, the building has undergone many capital improvements, including a new roof, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators. The property is near the central business district, parks, cultural attractions, and schools. It is a short distance from McCormick Place, Wintrust Arena, and the Marriott Marquis Hotel, and two blocks from the Cermak Green Line L Station. A $390 million expansion project is underway to create McCormick Square, a destination for nightlife, hotels, and retail attractions. Newer developments in the area include eight high-rise apartment buildings, two hotel expansions, office buildings, and DePaul's Wintrust Arena, contributing to a more vibrant community.
Property Profile
Location Intelligence
Current Use by Public Records
Phenomenal Fitness
Gym & Fitness Center
Bitcoin ATM Chicago ...
Currency Exchange Service
Catch Me If ...
Gym & Fitness Center
Bravo Martial Arts
Training Center
Sophisticated Movement
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6267391
- Latitude
- 41.8553014
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Newly renovated South Loop mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 2001 S State St Chicago, IL.
What are key features of this property?
This property features: Newly renovated property featuring **22 apartments and commercial spaces**, offering immediate income potential.; **Prime South Loop location**, two blocks from the Cermak Green Line L Station.; Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.
