Property profile

2001 State St Chicago, IL 60616

OFF-MARKET
Retail properties & Spaces
38,472 SF 0.39 ac lot Built 1878
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Property summary

AI-generated overview

This exceptional Chicago office space, located at 2001 S State St, offers 5,327 square feet of vacant space in a 38,472 square foot building. Built in 1878 and renovated in 2017, this Class C property boasts a desirable State Street frontage with excellent visibility. The building features a street-level retail space, perfect for a variety of businesses. Its convenient location at the intersection of State and Cullerton Streets places it in close proximity to key amenities, including Reggies Chicago, the post office, and Chase Bank. Public transportation is readily accessible, with the Cermak-McCormick Place and Cermak-Chinatown L Stations just steps away. The property's proximity to McCormick Place, the McCormick Place Events Center, and the Marriott Marquis Hotel further enhances its appeal. The building includes 10 total parking spaces and an elevator. The lot size is 0.39 acres, with a building floor area ratio (FAR) of 2.26. The property is zoned DX-5, Chicago, and is situated in Cook County, Illinois, with a zip code of 60616. The building comprises one structure with four stories. This single-tenant space is available with 90 days' notice. This is a unique opportunity to secure a well-located, renovated office space in a vibrant Chicago neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1878
Total area 38,472 SF
Lot 0.39 ac (16,988 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
  • Gym & Fitness Center
  • Atm Currency Exchange Service
  • Gym & Fitness Center
  • Training Center Sports School
  • Gym & Fitness Center

Location

2001 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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