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Historic Creative Studio Space

601-623 N State St, Chicago, IL 46140

For Lease
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Artists and creative businesses occupy restored studios with skylights, generous windows, and a shared courtyard.

Space Size6,395 SF
Days on Market8

Property Features for 601-623 N State St

General Information

Standard status Active
Size 6,395 SF
Property subtype Retail, Office, Special Purpose

Site & Location

Neighborhood Near North Side

Additional Details

Space Use Retail

Building Details

Stories 2
Construction steel frame

Spaces For Lease

at 601-623 N State St
601 N State Active
Size 6,395 SF
Contact us
Listing Agency: Friedman Properties
Listed By: Brian Chernett
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 10 at 8:22AM

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 Friedman Properties

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Investment Insights

Based on property information with market context.

Tree Studios is a two-story creative property with studios, skylights, large windows, and a central courtyard. The building’s original State Street section dates to the late 19th century; later annexes completed the complex, which reached 50 studios by 1913. Its architecture combines English Queen Anne, Arts and Crafts, and European Modern influences. Restoration work brought the property to modern safety standards while returning historic details, windows, and skylights to the building. The property is predominantly occupied by artists and artist-focused businesses.

The property fronts State Street in Chicago, where the listing reports 23,100 vehicles per day and substantial pedestrian activity. Michigan Avenue is two blocks away, Eataly is one block away, and The Shops at North Bridge is within walking distance.

Key Highlights

  • Restored, two‑story studio property with skylights, large windows, and a central courtyard
  • Complex had 50 studios by 1913
  • State Street exposure with 23,100 vehicles per day and pedestrian traffic

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Nursing Home Pet Grooming Service Restaurant Tattoo & Piercing Shop

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

33,588
Businesses Nearby

Market

Lease Benchmarks for Chicago, IL

$30.28 /SF/Yr
Avg Asking Price
$8–$72 /SF/Yr
Price Range
5,493 SF
Avg Space Size

Average Price Trend$/SF/Yr for Creative space in Chicago, IL

$37.6 Jul
$37.8 Aug
$34.2 Sep
$30.28 Oct

Properties on Market for Creative space in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Creative space - Artists and creative businesses occupy restored studios with skylights, generous windows, and a shared courtyard.
Where is this creative space located?
The property is located at 601-623 N State St Chicago, IL.
What are key features of this property?
This property features: Restored, two‑story studio property with skylights, large windows, and a central courtyard; Complex had 50 studios by 1913; State Street exposure with 23,100 vehicles per day and pedestrian traffic
(312) 670-9539 · Office Call to check price and availability
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