Property profile

1912 State St Chicago, IL 60616

OFF-MARKET
Retail properties & Spaces
36,476 SF Built 2006
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Property summary

AI-generated overview

This exceptional commercial property, located at 1912 S State St in Chicago, IL 60616, presents a unique opportunity for a variety of businesses. The building, constructed in 2006, offers a total of 36,476 square feet, with 1,438 square feet currently available for lease. The space is ideal for quick-service restaurants, retail establishments, or medical offices, given its flexible zoning (C2-5) and existing uses. The property boasts a prime location in the vibrant South Loop neighborhood, featuring large north-facing windows on Archer Avenue, ensuring excellent natural light and visibility. The building provides ample parking with 38 spaces available for tenants and their clients. The property is categorized as both retail and office space, accommodating multiple tenants. The address is conveniently situated near the intersection of State Street and Archer Avenue, offering easy access to major transportation routes and a high volume of foot and vehicle traffic. This versatile space is ready for immediate occupancy and presents a compelling investment opportunity in a thriving Chicago neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 36,476 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

1912 State St Chicago, IL 60616
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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