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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1 State St Chicago, IL 60603

200,000 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents 200,000 square feet within the iconic Sullivan Center, a LEED-certified, one-million-square-foot mixed-use complex in Chicago's Central Loop. Located in the heart of the vibrant South State Street shopping district, this property offers unparalleled visibility and accessibility. Five retail suites are available, ranging from 2,413 to 26,675 contiguous square feet, providing flexibility for various retail concepts. Currently, 42,563 square feet are vacant. The building boasts classic architecture, modern floorplates, and immediate proximity to public transportation and parking. Designed by renowned architect Louis Sullivan, the Sullivan Center is a landmark destination, attracting a diverse clientele and benefiting from its location within a bustling office and retail environment. This is a unique chance to establish a presence in one of Chicago's most prestigious and high-traffic locations. The property is situated in Cook County and offers a blend of historical charm and modern amenities, making it an ideal location for businesses seeking a prominent and well-connected retail space. The building's impressive scale and reputation attract a significant number of shoppers and office workers daily.

Property profile
Verified
Property type Retail properties & Spaces
Total area 200,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Affordable Housing News Housing Development
  • Kodak Vending Machine
  • Berlin Melzer Law LLC Law Firm
  • Brafton, Inc. Advertising Agency Marketing & Advertising
  • Cengage Learning (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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