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    2001 State St Chicago, IL 60616

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Chicago location, 5,327 SF available.

    Lot size:
    38,472 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Chicago office space, located at 2001 S State St, offers 5,327 square feet of vacant space in a 38,472 square foot building. Built in 1878 and renovated in 2017, this Class C property boasts a desirable State Street frontage with excellent visibility. The building features a street-level retail space, perfect for a variety of businesses. Its convenient location at the intersection of State and Cullerton Streets places it in close proximity to key amenities, including Reggies Chicago, the post office, and Chase Bank. Public transportation is readily accessible, with the Cermak-McCormick Place and Cermak-Chinatown L Stations just steps away. The property's proximity to McCormick Place, the McCormick Place Events Center, and the Marriott Marquis Hotel further enhances its appeal. The building includes 10 total parking spaces and an elevator. The lot size is 0.39 acres, with a building floor area ratio (FAR) of 2.26. The property is zoned DX-5, Chicago, and is situated in Cook County, Illinois, with a zip code of 60616. The building comprises one structure with four stories. This single-tenant space is available with 90 days' notice. This is a unique opportunity to secure a well-located, renovated office space in a vibrant Chicago neighborhood.

    Property Features for 2001 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,472 SF
    Class
    C
    Total Rate
    70532

    Building Details

    Year Built/Renovated
    1878/2017
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Corner Retail
    Size
    5,327 SF
    Rate per SF
    $22

    HighLights

    • 5,327 SF vacant office space in a 38,472 SF building at 2001 S State St, Chicago.
    • Class C building, renovated in 2017, with desirable State Street frontage.
    • Street‑level retail space available, plus 10 parking spaces and an elevator.
    • Excellent location near public transportation (Cermak‑McCormick Place & Cermak‑Chinatown L stations), McCormick Place, and amenities.
    • Single‑tenant space available with 90 days' notice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phenomenal Fitness Gym Bitcoin ATM Chicago ... Atm Catch Me If ... Physical Fitness Program Bravo Martial Arts Martial Arts School Sophisticated Movement Personal Trainer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6267314
    Latitude
    41.855119

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Chicago location, 5,327 SF available.
    Where is this office property / space located?
    The property is located at 2001 State St Chicago, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 5,327 SF vacant office space in a 38,472 SF building at 2001 S State St, Chicago.; Class C building, renovated in 2017, with desirable State Street frontage.; Street-level retail space available, plus 10 parking spaces and an elevator.
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    2001 State St Chicago, IL 60616
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    Chicago, IL 60616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2001 State St Chicago, IL 60616
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