1 State St Chicago, IL 60603
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.