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    OFF-MARKET
    Retail properties & Spaces

    1401 State St, Chicago, IL 60605

    184,241 SF Built 2004
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2004
    Total area 184,241 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
    • Kirk Gregory Jr - COUNTRY Financial Agent Insurance Agency
    • 1401 S. State Apartments Real Estate Agency
    • Affordable City Movers | South Loop Moving Company
    • Jasmine Bruessard - COUNTRY Financial representative Financial Advisor
    • Laura Allen - COUNTRY Financial representative Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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