1401 State St, Chicago, IL 60605
This exceptional 184,241-square-foot single-tenant space, located at 1401 S State St in Chicago's vibrant South Loop neighborhood (zip code 60605, Cook County, IL), is ready for occupancy in Spring 2024. Built in 2004, this ground-floor property offers a versatile layout ideal for various uses, including medical, dental, general office, or retail. The space boasts 10 private offices, a welcoming reception area, a convenient conference room, and a fully equipped kitchenette. High ceilings (14 feet) are complemented by existing ceiling tile and grid, along with a fully distributed electrical and HVAC system. Two ADA-compliant bathrooms ensure accessibility. Benefit from high visibility with over 50 feet of frontage on State Street, attracting significant foot traffic. This exceptional location is situated at the base of a 22-story luxury apartment building with 278 units, providing a built-in customer base. The property is a second-generation space, offering immediate occupancy for a new tenant. This is a rare opportunity to secure a substantial and well-appointed space in a thriving Chicago location.
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Kirk Gregory Jr - COUNTRY Financial Agent Insurance Agency
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1401 S. State Apartments Real Estate Agency
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Affordable City Movers | South Loop Moving Company
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Jasmine Bruessard - COUNTRY Financial representative Financial Advisor
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Laura Allen - COUNTRY Financial representative Insurance Agency
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
Similar Nearby for Lease
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.