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    FOR SALE
    Office Units

    120 S State St, Chicago, IL 60603

    2,300 SF
    Property ID
    US28-0138301
    Property summary
    AI-generated overview

    - A unique opportunity to own a part of Chicago's historic architecture. - Unit 8 is a full-floor 2,300 SF work/live space with direct elevator access, hardwood flooring, and soaring ceilings. - The front corner windows provide panoramic views of State Street and the Palmer House, adding to the charm of this versatile unit - The space currently functions as a stunning 3-operatory dental office with a 1-bedroom, 1-bathroom residential suite - The building's mixed-use classification as a residential and office property reduces the tax burden by nearly 50%, making it an advantageous investment opportunity - Convenient transportation options are available right outside the front door, including CTA buses, the Red Line underground station, and all Loop L stops - Dental equipment included in the purchase and is currently leased to the tenant's practice

    Property profile
    Verified
    Property type Office Units
    Total area 2,300 SF
    UPID US28-0138301
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Alternative Legal Services Law Firm
    • Star Realty & Management LLC Real Estate Agency
    • Rhoades Levy Law Group P.C. Law Firm
    • Mark Szaflarski Consultant
    • Patula & Associates P.C. Law Firm
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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