Property summary
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
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Real Estate Agency
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Moving Company
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Financial Advisor
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Insurance Agency
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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