Bronzeville Office Space
For Lease
Contact for pricing
5050 S State Street 2, Chicago, IL 60609
Premier 11,185 sq ft office space in Bronzeville.
Space Size11,185 SF
Days on Market171
Property Features for 5050 S State Street 2
General Information
Standard status
Active
Size
11,185 SF
Property subtype
Office
Lease Type
Net
Building Details
Year Built
1969
Tenancy
Single
Spaces For Lease
at 5050 S State Street 2 Contact us- Size
- 11,185 SF
- Type
- Office
- Lease Type
- Net
- Availability
- Active
2
Listing Agency:
MoHall Commercial & Urban Development
(312) 826-9925
Listed By:
Moses Hall · License #IL 471019687
Source:
Crexi
Added: Mar 5
Changed: Aug 14
Last Checked: Aug 22 at 6:57PM
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 MoHall Commercial & Urban Development
Investment Insights
Based on property information with market context.
Located in the Bronzeville neighborhood of Chicago, the available office space offers 11,185 sq ft of premier second-floor space. The property is zoned B3-2, accommodating a range of business types, including professional offices, medical offices, and retail storefronts. The location is undergoing a transformation, attracting businesses due to its location and developments such as the Bronzeville Lakefront project, a 100+ acre redevelopment of the former Michael Reese Hospital site. This project will include medical research facilities, retail spaces, and parkland. An upcoming 50-story mixed-use tower is also planned. The property is suited for medical groups and healthcare organizations seeking to expand. The increasing demand for medical services makes this space an ideal location for clinics, specialty practices, and wellness centers. Current tenants include DaVita Dialysis, Alderman Dowell's 3rd Ward Office, and Nail Master. The office space includes elevator access and an on-site parking lot. The space features natural light, modern finishes, and a flexible layout, suitable for corporate offices, non-profits, and healthcare providers. The property offers access to I-90/94 and high visibility, with over 225,000 vehicles passing daily. The neighborhood's development includes new schools, residential projects, and retail expansions.
Key Highlights
- Premier 11,185 sq ft office space in the rapidly developing Bronzeville neighborhood.
- Strategic location near the Bronzeville Lakefront project, a 100+ acre redevelopment.
- B3‑2 zoning allows for diverse business types, making it ideal for medical groups and healthcare organizations.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.12 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$29.31 /SF/Yr
Avg Asking Price
$6.8–$133 /SF/Yr
Price Range
13,714 SF
Avg Space Size
This space is priced 29% below the average of $29.31 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Premier 11,185 sq ft office space in Bronzeville.
Where is this office units located?
The property is located at 5050 S State Street 2 Chicago, IL.
What is the lease rate?
The lease rate is $20.81 SF/Yr.
What are key features of this property?
This property features: Premier 11,185 sq ft office space in the rapidly developing Bronzeville neighborhood.; Strategic location near the Bronzeville Lakefront project, a 100+ acre redevelopment.; B3‑2 zoning allows for diverse business types, making it ideal for medical groups and healthcare organizations.
