120 State St Chicago, IL 60603
- Office Properties & Spaces
- 0.07 lot acres
Current Use by Public Records
- Alternative Legal Services / Legal Services
- Star Realty & Management LLC / Real Estate Agency
- Rhoades Levy Law Group P.C. / General Practice Attorney / Real Estate Attorney
- Mark Szaflarski / Consultant
- Patula & Associates P.C. / Legal Services
Property Details for 120 State St
- Year built
- 1924
- Lot size
- 0.07 lot acres
- Property type
- Office Properties & Spaces
- APN
- 17-16-213-022-1001
- APU
- 17162130221001
Description
This exceptional 2,300 square foot executive office suite, located on the 8th floor of a prestigious 1924 building at 120 S State St in Chicago's vibrant Loop, presents a unique investment opportunity. The unit boasts direct elevator access, hardwood floors, and impressive soaring ceilings. Large front corner windows offer panoramic views of State Street and the iconic Palmer House. Currently configured as a three-operatory dental office with a one-bedroom, one-bathroom residential suite, this versatile space offers significant potential for various uses. The building's mixed-use classification (residential and office) results in a nearly 50% reduction in the property tax burden, making this a highly advantageous investment. The sale includes existing dental equipment currently leased to a tenant. The property's prime location provides unparalleled convenience, with immediate access to CTA buses, the Red Line, and all Loop 'L' train stops. This is a chance to own a piece of Chicago's rich architectural history. The asking price is $998,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6282
- Latitude
- 41.8802
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
