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Shopping Center with Planet Fitness
For Lease
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525 S State St, Chicago, IL 60605

Ground-floor retail suites are available for immediate occupancy, with Planet Fitness as a current draw within the center.

Property Size500 SF - 6,070 SF
Days on Market275

Property Features for 525 S State St

General Information

Standard status Active
Size 500 SF - 6,070 SF
Net Rentable 500 SF
Property subtype RETAIL

Space & Availability

Available Space 500-6,070 SF
Floor Ground
Space Use Retail
Available From Immediate

Additional Details

Anchor Co-Tenants Planet Fitness

Amenities

EL/L stop out front

Building Details

Tenancy Multi
Listing Agency: MSC Retail - Philadelphia
Listed By: Matthew Stein
Source: Moodyscre
Added: Oct 29, 2025 Changed: Jul 30 Last Checked: Jul 30 at 10:13AM

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.

This shopping center offers multiple ground-floor retail spaces for lease, with suites available for immediate occupancy. A 2nd generation restaurant space is also available. The center includes Planet Fitness (16,700 SF), providing a built-in amenity and consistent traffic driver within the property.

The asset is centrally located in the South Loop near the Theater District. It is one block from the Business District and within a quick walk to Michigan Avenue, with easy access by foot or public transportation. The EL/L stop is out front, supporting transit-oriented customer access.

Additional area context includes approximately 150,000 full-time college students within 0.4 miles across eight institutions, and about 1,700 students living in the nearby 1,500 apartments.

Key Highlights

  • Multiple ground‑floor retail spaces for lease with 1,500–6,070 SF available for immediate occupancy
  • Includes 16,700 SF Planet Fitness
  • 2nd gen restaurant space available

Property Analytics

Current Use

Chicago Summer Housing Student Housing Center University Center Apartment Complex 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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

26,279
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use

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

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

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?
Shopping center - Ground-floor retail suites are available for immediate occupancy, with Planet Fitness as a current draw within the center.
Where is this shopping center located?
The property is located at 525 S State St Chicago, IL.
What are key features of this property?
This property features: Multiple ground‑floor retail spaces for lease with 1,500–6,070 SF available for immediate occupancy; Includes 16,700 SF Planet Fitness; 2nd gen restaurant space available
(215) 883-7407 Call to check price and availability
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