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Retail Space with Full Basement
For Lease
$80 SF/Yr

440 N State St, Chicago, IL 60654

Historic storefront space along State Street with basement area and access to Chicago’s River North commercial district.

Space SizeContact for details
Days on Market31

Property Features for 440 N State St

General Information

Standard status Active

Additional Details

Space Use Retail

Amenities

Full basement

Building Details

Year Built 1894
Listing Agency: Skydan Real Estate Sales, LLC
Listed By: Frank Christiano · License #475146313
Source: Amyboston.realtopiare
Added: Aug 3 Changed: Aug 31 Last Checked: Sep 1 at 9:47PM

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 Skydan Real Estate Sales, LLC

Investment Insights

Based on property information with market context.

This retail space occupies a building constructed in 1894 and includes a full basement, providing additional area beneath the storefront. The property is positioned along North State Street in Chicago’s River North area.

The surrounding district includes restaurants, galleries, hotels, and luxury residential developments. The site is also within walking distance of the Magnificent Mile, connecting the property with one of Chicago’s established retail corridors.

Key Highlights

  • Full basement included with the retail space
  • Building constructed in 1894
  • Located at 440 N State St in Chicago’s River North area

Property Analytics

Current Use

Rush Street Reunion Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Buffet Butcher Adult Day Care

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
$12.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

39,511
Businesses Nearby
661k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Apparel 21% Hotels & Casinos 19% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.2 miles
Starbucks Dining
132,317 visits/mo 0.4 miles
McDonald's Dining
65,567 visits/mo 0.2 miles
McDonald's Dining
52,443 visits/mo 0.5 miles
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.3 miles

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

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 SF
Avg Space Size

This space is priced 190% above the average of $27.62 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Historic storefront space along State Street with basement area and access to Chicago’s River North commercial district.
Where is this retail space located?
The property is located at 440 N State St Chicago, IL.
What is the lease rate?
The lease rate is $80 SF/Yr.
What are key features of this property?
This property features: Full basement included with the retail space; Building constructed in 1894; Located at 440 N State St in Chicago’s River North area
More about this property
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