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1640 S State Street,  Chicago IL, 60616

(Active)
$3,100,000
|
13,531 sqft
|
MLS# 11739914
Last Updated: 5/16/2024 12:10 AM
Description for 1640 S State Street Chicago, IL 60616
Subject property is a 13,531 square foot commercial property located at the corner of 16th and State Streets in the South Loop neighborhood. This single-tenant , single-story industrial property is leased to Fleet Distributors, Inc. The tenant is currently on a month-to-month lease and has occupied the building since January 2001. There is the potential to develop this site with the parcel located at 1639-1701 South State Street. Positioned amidst a dense commercial area within the heart of downtown Chicago, 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 CTA Red, Orange and Green lines and expressways I90/94/290/55.
Price
$3,100,000
Cook
13,531 (approx)
11739914
Active
Description
Subject property is a 13,531 square foot commercial property located at the corner of 16th and State Streets in the South Loop neighborhood. This single-tenant , single-story industrial property is leased to Fleet Distributors, Inc. The tenant is currently on a month-to-month lease and has occupied the building since January 2001. There is the potential to develop this site with the parcel located at 1639-1701 South State Street. Positioned amidst a dense commercial area within the heart of downtown Chicago, 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 CTA Red, Orange and Green lines and expressways I90/94/290/55.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
0.35 Acres 13,531 (approx) 1955
1
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
15256
Driving Directions
From expressway's exit, following State Street to property at 1640 S. State Street.
Financial Considerations
17214020070000
$37,864
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60616 has a population of 2,781,445.

The median household income in Chicago, Illinois 60616 is $57,869. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60616 is 38 years.

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Courtesy: Millennium Properties RE, Inc.
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/16/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/16/2024 12:10 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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