203 State St Chicago, IL 60604
This exceptional retail opportunity is located at 203 S State Street in Chicago's vibrant Loop, offering a total of 155,800 square feet of commercial space. The property features multiple tenancies, with three spaces currently available, ranging from a minimum of 5,931 square feet to a maximum contiguous space of 18,620 square feet. A significant 37,240 square feet is currently vacant, presenting a unique chance for expansion or multiple tenant occupancy. The building boasts modern amenities designed to enhance tenant experience and productivity. These include modernized elevators and corridors, ensuring efficient and comfortable access to all levels. Security systems are in place to provide a safe and secure environment for both tenants and customers. The building's HVAC system has been recently upgraded, guaranteeing optimal climate control throughout the year. Large floor-to-ceiling windows flood the spaces with natural light, creating a bright and inviting atmosphere. Additional tenant amenities include convenient bike storage and a shared conference room, fostering collaboration and convenience. This prime State Street location offers unparalleled visibility and accessibility within the heart of Chicago's bustling Loop, making it an ideal location for a variety of retail businesses. The property's size and flexible space options cater to a wide range of needs, from smaller boutiques to larger flagship stores. This is a rare opportunity to secure a prominent retail presence in one of Chicago's most sought-after commercial districts. The zip code is 60604.
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.