Financial
Distress signals
Property profile

515 N State St Chicago, IL 60605

FOR LEASE
Other commercial real estate
Property ID
US28-1096252
322,900 SF 0.03 ac lot Built 1989
Last sale Mar 2022 · $67,712,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
515 N State St, Chicago, IL 60605 For Lease
$69,145,000 3,758 SF available
515 N State St, Chicago, IL 60605
View Listing

Property summary

AI-generated overview

Retail space available for leasing at 515 N State St, Chicago, Illinois, with approximately 3,758 square feet of retail area.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value$75k
Assessed land$75k
Assessed improvement$747
Effective rate20.57%

Value estimate

· Sep 2026
$69.15M
$62.23M – $76.06M
CAP approach$83.83M
Sales comparison$45.52M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat16.5
Butcher7.9
Assisted Living Facility7.6

Location

515 N State St Chicago, IL 60605
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 State, Chicago, IL 60654-4607 $4,200,000 Jul 2025 312,000 SF
301 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
311 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
307 Erie, Chicago, IL 60654 $7,500,000 May 2025 58,300 SF
600 Ontario, Chicago, IL 60654 $67,712,000 Mar 2022 322,900 SF
465 Desplaines, Chicago, IL 60654-5501 $18,739,000 Dec 2021 33,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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