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120 State St Chicago, IL 60603

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For Sale
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Historic building, 2300 sq ft, full floor

Property size:
2,300 SF

Property Features for 120 State St

General Information

Property type
Office properties & Spaces
Square Feet
2,300 SF

Building Details

Year Built
1924
Units
8

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Listing Contact
Zane Mccartney
Zane Mccartney

Listing Agency: Caton Commercial Real Estate Group Listing Agent: Zane Mccartney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 2,300 square foot executive office suite, located on the 8th floor of a prestigious 1924 building at 120 S State St in Chicago's vibrant Loop, presents a unique investment opportunity. The unit boasts direct elevator access, hardwood floors, and impressive soaring ceilings. Large front corner windows offer panoramic views of State Street and the iconic Palmer House. Currently configured as a three-operatory dental office with a one-bedroom, one-bathroom residential suite, this versatile space offers significant potential for various uses. The building's mixed-use classification (residential and office) results in a nearly 50% reduction in the property tax burden, making this a highly advantageous investment. The sale includes existing dental equipment currently leased to a tenant. The property's prime location provides unparalleled convenience, with immediate access to CTA buses, the Red Line, and all Loop 'L' train stops. This is a chance to own a piece of Chicago's rich architectural history. The asking price is $998,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Alternative Legal Services Law Firm Star Realty & Management ... Real Estate Agency Rhoades Levy Law ... Law Firm Mark Szaflarski Consultant Patula & Associates P.C. Law Firm

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.628112
Latitude
41.8801547

FAQs

What type of property is this?
Office property - Historic building, 2300 sq ft, full floor
Where is this office property located?
The property is located at 120 State St Chicago, IL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Own a piece of Chicago's historic architecture.; 8th-floor, 2,300 SF full-floor office suite in a prestigious 1924 building at 120 S State St, featuring direct elevator access, hardwood floors, and high ceilings.; Panoramic State Street and Palmer House views from corner windows.
(331) 305-4840 Call to check price and availability
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