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2111-2115 S State St
Chicago, IL 60616
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Income South Loop / McCormick Place Community
- High Traffic and Visibility on State Street and Cermak Road
- New Entertainment district with new infrastructure improvements and transportation improvements
EXECUTIVE SUMMARY
South Loop Investment and/or Redevelopment Opportunity:
FP Commercial Advisors is proud to be appointed as the exclusive sales advisor to offer qualified purchasers the opportunity to acquire 2113-2119 S. State Street, Two Story Mixed Use excellent investment opportunity located in Chicago, Illinois (“the Property”). The offering is comprised of land containing a total of 9400 square feet currently improved with 2 -story retail and office/residential space containing approximately 12,881 square feet of building area. The parcel us zoned DX-5, Downtown
Mixed-Use District. The South Loop / McCormick Place District is home to 3 New Hotels, Over a dozen new restaurants, Wintrust Arena, New Housing and walking distance to Illinois Institute of Technology, Two CTA rail lines, China town and more. High Household Incomes that are only increasing.
FP Commercial Advisors is proud to be appointed as the exclusive sales advisor to offer qualified purchasers the opportunity to acquire 2113-2119 S. State Street, Two Story Mixed Use excellent investment opportunity located in Chicago, Illinois (“the Property”). The offering is comprised of land containing a total of 9400 square feet currently improved with 2 -story retail and office/residential space containing approximately 12,881 square feet of building area. The parcel us zoned DX-5, Downtown
Mixed-Use District. The South Loop / McCormick Place District is home to 3 New Hotels, Over a dozen new restaurants, Wintrust Arena, New Housing and walking distance to Illinois Institute of Technology, Two CTA rail lines, China town and more. High Household Incomes that are only increasing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
21,000 SF
Building Class
C
Year Built
1918
Price
$5,035,539 CAD
Price Per SF
$239.79 CAD
Cap Rate
9.50%
NOI
$478,609 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.42 AC
Zoning
DX5 - Downtown Flexible Uses
Parking
4 Spaces (0.19 Spaces per 1,000 SF Leased)
Frontage
109’ on S State St
AMENITIES
- Commuter Rail
- Restaurant
- Signage
- Tenant Controlled HVAC
- Roof Terrace
- Storage Space
PROPERTY TAXES
| Parcel Number | 17-22-317-004-0000 | Improvements Assessment | $230,015 CAD |
| Land Assessment | $162,091 CAD | Total Assessment | $392,106 CAD |
PROPERTY TAXES
Parcel Number
17-22-317-004-0000
Land Assessment
$162,091 CAD
Improvements Assessment
$230,015 CAD
Total Assessment
$392,106 CAD
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