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South Loop Retail Space Available
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525 S State St, Chicago, IL

Multiple retail spaces for lease in the heart of South Loop.

Space Size515 SF - 5,222 SF
Lot Size1.47 Acres
Days on Market316

Property Features for 525 S State St

General Information

Standard status Active
Size 515 SF - 5,222 SF
Lot size 1.47 Acres
Property subtype RETAIL

Spaces For Lease

at 525 S State St Contact us

525 S State St

Floor
1
Size
2,618 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Multiple ground floor retail spaces for lease from ±500 – 6,070 SF available...
show more
Contact us

525 S State St

Floor
1
Size
2,650 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Multiple ground floor retail spaces for lease from ±500 – 6,070 SF available...
show more
Contact us

525 S State St

Floor
1
Size
515 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Multiple ground floor retail spaces for lease from ±500 – 6,070 SF available...
show more
Contact us

525 S State St

Floor
1
Size
5,222 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Multiple ground floor retail spaces for lease from ±500 – 6,070 SF available...
show more
Contact us
Listing Agency: MSC Retail - Philadelphia
Listed By: Matthew Stein
Source: Moodyscre
Added: Oct 29, 2025 Changed: Aug 8 Last Checked: Sep 8 at 9:22AM

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 MSC Retail - Philadelphia

Investment Insights

Based on property information with market context.

Multiple ground floor retail spaces are available for lease, ranging in size from approximately 500 to 6,070 square feet, with immediate occupancy possible. The property is centrally located in the heart of the South Loop, near the Theater District, one block from the Business District, and within walking distance of Michigan Avenue. Accessibility is enhanced by its proximity to public transportation, including an EL/L stop located directly in front of the building. The location benefits from a high concentration of students, with approximately 50,000 full-time college students within 0.4 miles across 8 institutions, as well as approximately 1,700 students living in approximately 500 apartments. A Planet Fitness occupying approximately 16,700 square feet is now open. There is also a second-generation restaurant space available. The property has a size of 1288 square feet.

Key Highlights

  • High foot traffic location with ±50,000 full‑time college students within 0.4 miles.
  • Immediate occupancy available for multiple retail spaces ranging from ±500 – 6,070 SF.
  • Centrally located in the heart of the South Loop, near key districts and easily accessible.

Property Analytics

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Current Use

Chicago Summer Housing Student Housing Center University Center Student Dormitory University Center Cafeteria Cafe & Coffee Shop Manhattan Prep Tutoring Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Adult Day Care Tanning Salon 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

26,279
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 49% Apparel 34% Shops & Services 17%
Renaissance Blackstone Hotel Hotels & Casinos
13,890 visits/mo 0.2 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.4 miles
Best Western Grant Park Hotel Hotels & Casinos
6,261 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.2 miles
Extra Space Storage Shops & Services
2,541 visits/mo 0.2 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - Multiple retail spaces for lease in the heart of South Loop.
Where is this retail space located?
The property is located at 525 S State St Chicago, IL.
What are key features of this property?
This property features: High foot traffic location with ±50,000 full‑time college students within 0.4 miles.; Immediate occupancy available for multiple retail spaces ranging from ±500 – 6,070 SF.; Centrally located in the heart of the South Loop, near key districts and easily accessible.
(215) 883-7407 Call to check price and availability
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