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South Loop Mixed-Use Investment

2001 S State St Chicago, IL 60616

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Newly renovated South Loop mixed-use property with commercial and residential units.

Type:Mixed Use, Multifamily, Office, Retail
Property size:
12,960 SF
Added:
Feb 9, 2021
Days on Market:
1981
Last Refresh:
May 19 at 8:33 pm

Property Features for 2001 S State St

General Information

Standard status
Active
Size
12,960 SF
Property subtype
Mixed Use, Multifamily, Office, Retail

Building Details

Year Built
1878

Listing office Windy City RE LLC

Listing date Feb 9, 2021

Source Crexi

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 Windy City RE LLC


Investment Insights

Based on property information with market context.

This dual offering in the South Loop features newly renovated properties at 2001 State and 2000 Wabash. The 2001 State property includes 22 apartments and 12,960 square feet of commercial space, while 2000 Wabash offers 6,736 square feet of commercial space and a 2,200-square-foot work/live space on the second floor. Commercial tenants include Phenomenal Fitness, Streetwise Chicago HQ, an OBGYN, and a specialty grocery store. A new Certificate of Occupancy was issued in 2018, and all commercial spaces underwent new buildouts between 2018 and 2021. The apartments have been completely renovated with new granite counters, cabinets, flooring, stainless steel appliances, plumbing, electric, heating and cooling systems, and laundry machines. Formerly the Cullerton Hotel, the building has undergone many capital improvements, including a new roof, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators. The property is near the central business district, parks, cultural attractions, and schools. It is a short distance from McCormick Place, Wintrust Arena, and the Marriott Marquis Hotel, and two blocks from the Cermak Green Line L Station. A $390 million expansion project is underway to create McCormick Square, a destination for nightlife, hotels, and retail attractions. Newer developments in the area include eight high-rise apartment buildings, two hotel expansions, office buildings, and DePaul's Wintrust Arena, contributing to a more vibrant community.

Key Highlights

  • Newly renovated property featuring 22 apartments and commercial spaces, offering immediate income potential.
  • Prime South Loop location, two blocks from the Cermak Green Line L Station.
  • Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Phenomenal Fitness Gym & Fitness Center Bitcoin ATM Chicago ... Atm Catch Me If ... Gym & Fitness Center Bravo Martial Arts Training Center Sophisticated Movement Gym & Fitness Center

Suggested Use

Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Nursing Home Grocery & Convenience Store Pet Store Nursing Home

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

FAQs

What type of property is this?
Mixed-use property - Newly renovated South Loop mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 2001 S State St Chicago, IL.
What are key features of this property?
This property features: Newly renovated property featuring **22 apartments and commercial spaces**, offering immediate income potential.; **Prime South Loop location**, two blocks from the Cermak Green Line L Station.; Significant capital improvements including new roofing, tuck pointing, siding, security system, stairs, windows, HVAC, and elevators.
Contact an agent
(747) 271-1834 Call to check price and availability
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