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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.

Attachments

Flyer

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
Land Acres
0.14 AC
Zoning
DX-16 - Downtown Mixed-Use District
Parking
25 Spaces (0.9 Spaces per 1,000 SF Leased)
Frontage
40 FT on S State

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Planet Fitness
Huntington National Bank
Intelligentsia Coffee
Garrett Popcorn Shop
Just Salad
Bank of America
CrossFit
Corner Bakery Cafe
Hannah's Bretzel

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-15-102-003-0000
Land Assessment
$432,489
Improvements Assessment
$1,144,031
Total Assessment
$1,576,520
  • Listing ID: 30058073

  • Date on Market: 11/14/2023

  • Last Updated:

  • Address: 131-133 S State St, Chicago, IL 60603

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