1701 S State St
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1701 S State St
0.29 Acres of Commercial Land Offered at $2,250,000 in Chicago, IL 60616
Executive Summary
Currently leased to State Street Hand Car Wash, which is a car wash and detailing services. Positioned amidst a dense commercial area, this property is in close proximity to The Loop, Michigan Avenue shops and restaurants, Jewel-Osco, Whole Foods, Target and Trader Joe’s. Landmarks such as Grant Park, Soldier Field, The Art Institute of Chicago, several schools and museums are nearby. Easy accessibility to the CTA Red, Orange and Green lines and the Kennedy, Edens/Dan Ryan and Eisenhower expressways. The site can be redeveloped in conjunction with 1640 S. State Street to develop substantial residential. The South Loop neighborhood of Chicago is an excellent location for businesses due to its proximity to the lake and downtown and easy access to public transportation. The neighborhood is a mix of historic buildings and newer developments, attracting a wide variety of bars, restaurants and boutiques.
Property Facts
| Price | $2,250,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Price | $2,250,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.29 AC |
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 0.29 AC |
| Price Per AC | $7,663,044.03 |
| Price | $2,250,000 |
| Price Per AC | $7,663,044.03 |
| Lot Size | 0.29 AC |
A single-story building situated on a 11,569 square foot site at the corner of 17th and State Streets in Chicago’s South Loop neighborhood
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 17-22-300-040-0000 | Improvements Assessment | $23,313 |
| Land Assessment | $399,688 | Total Assessment | $423,001 |
PROPERTY TAXES
Parcel Number
17-22-300-040-0000
Land Assessment
$399,688
Improvements Assessment
$23,313
Total Assessment
$423,001
zoning
| Zoning Code | DX-5 (Downtown Mixed-Use District) |
| DX-5 (Downtown Mixed-Use District) |
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1701 S State St
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