Property profile & analytics
1501 State St Chicago, IL 60605-2804
- Commercial real estate
- 0.19 lot acres
OFF-MARKET
Last Sale
Jan 06, 2023
Jan 06, 2023
$1,725,000
Value Estimations
$1,835,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-5828347
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- South Loop KinderCare / Daycare Center
Property Details for 1501 State St
- Year built
- 1996
- Lot size
- 0.19 lot acres
- Property type
- Commercial real estate
- APN
- 17-22-106-075
- APU
- 1722106075
Description
This exceptional property at 1501 S State St, Chicago, IL 60605, offers multiple flexible spaces ideal for a variety of uses. Located in the vibrant South Loop neighborhood, this 19,563 square foot building, constructed in 1996, sits on a 0.19-acre lot and is zoned DX-12. The building features one structure with ground floor retail spaces ranging from a minimum of 834 square feet to a maximum contiguous space of 1,158 square feet. These second-generation spaces boast existing infrastructure, making them readily adaptable for retail, salon, office, medical, or food-related businesses. The property benefits from a prime location on State Street, situated within a building that also houses 182 residential condos, ensuring a steady flow of potential customers. Enjoy excellent co-tenancy with Kindercare located nearby. The South Loop's popularity is on the rise, fueled by its proximity to the Loop, lakefront attractions (Soldier Field, Field Museum, Shedd Aquarium, Grant Park), and a thriving community of young professionals and students. This area offers a diverse culinary scene, ample shopping, and exciting new developments, making it an attractive destination for both residents and visitors. The property's strategic location and versatile spaces present a unique opportunity for businesses seeking a thriving and convenient location in Chicago's dynamic South Loop. Cross Street is E 14th Pl.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,935,000
- ML approach
- $1,955,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6269
- Latitude
- 41.8621
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$59,298
$12,626
$274,772
$287,398
-
$50,504
$1,099,088
$1,149,592
