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Office Building with Fitness Center
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515 N State St, Chicago, IL 60654

Office building with a state-of-the-art fitness center and an urban outdoor plaza.

Property Size23,425 SF
Days on Market487

Property Features for 515 N State St

General Information

Standard status Active
Size 23,425 SF
Property subtype OFFICE

Additional Details

Public Transit Yes

Amenities

New Amenity Floor with Barista Service
State-Of-The-Art Fitness Center
Urban Outdoor Plaza
Listing Agency: CBRE | Chicago
Listed By: Bill Sheehy
Source: Moodyscre
Added: Apr 4, 2025 Changed: Jul 30 Last Checked: Aug 2 at 9:53AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This office building at 515 N State St, Chicago offers immediate access to the CTA Red Line, with on-site amenities designed for daily convenience. The property includes a new amenity floor featuring barista service, as well as a state-of-the-art fitness center.

The building’s River North location places it in an area with abundant retail. An urban outdoor plaza adds an additional outdoor gathering space for occupants.

With approximately 23,425 square feet of space, this offering is available for rent and is positioned to support tenants looking for strong transit access and a full amenity set within a retail-heavy neighborhood.

Key Highlights

  • Approximately 23,425 SF office building available for rent
  • Immediate access to the CTA Red Line
  • New amenity floor with barista service

Property Analytics

Current Use

Nice Shoes Film Production Goldberg Andrew S Law Firm Lynn Allison M Law Firm The Plum Tree Group Advertising Agency Direct Auto Insurance Insurance Agency

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

39,915
Businesses Nearby

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

$23.25 /SF/Yr
Avg Asking Price
$16–$32.5 /SF/Yr
Price Range
112,327 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building with a state-of-the-art fitness center and an urban outdoor plaza.
Where is this office building located?
The property is located at 515 N State St Chicago, IL.
What are key features of this property?
This property features: Approximately 23,425 SF office building available for rent; Immediate access to the CTA Red Line; New amenity floor with barista service
(312) 935-1896 Call to check price and availability
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