131-133 S State St
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131-133 S State St
27,864 SF 60% Leased 4-Star Retail Building Chicago, IL 60603 For Sale
Investment Highlights
- NUMEROUS INVESTOR AND OWNER-USER OPPORTUNITIES
- LOOP COME BACK
- OPPORTUNITY TO APPEAL REAL ESTATE TAXES
- IRREPLACEABLE LOCATION
- CENTRAL BUSINESS DISTRICT REDEVELOPMENT OPPORTUNITY
- HIGHLY WALKABLE & ACCESSIBLE AREA
Executive Summary
Located along South State Street between E Monroe Street and E Adams Street, 133 South State Street enjoys exposure to thousands of daily tourists, office workers, and residents. The subject offering is located in the heart of Chicago’s central business district, commonly known as ‘The Loop’. With a half-mile daytime population of over 266,000, excellent walkability, and convenient access to numerous public transit options, the subject offering is ideally positioned for a number of re-leasing opportunities that play off the Loop’s sustained recovery and resurgence. 133 S State Street could also be perfect for an owner-user looking to purchase office space at an attractive basis while leasing out the first and second story retail space to offset their occupancy cost.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
27,864 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1888/2014
Percent Leased
60%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
14’
Building FAR
4.57
Lot Size
0.14 AC
Zoning
DX-16 - Downtown Mixed-Use District
Parking
25 Spaces (0.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Metro/Subway
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- A
- 2,671 SF
- Retail
- In-Line
- Now
- B
- 2,986 SF
- Retail
- In-Line
- Now
- B
- 5,617 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A | 2,671 SF | Retail | In-Line | Now |
| B | 2,986 SF | Retail | In-Line | Now |
| B | 5,617 SF | Retail | In-Line | Now |
A
| Size |
| 2,671 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 2,986 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 5,617 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-15-102-003-0000 | Improvements Assessment | $798,850 |
| Land Assessment | $617,400 | Total Assessment | $1,416,250 |
PROPERTY TAXES
Parcel Number
17-15-102-003-0000
Land Assessment
$617,400
Improvements Assessment
$798,850
Total Assessment
$1,416,250
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131-133 S State St
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