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1640 S State Street Chicago, IL $ 3,100,000
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$ 3,100,000 Get more info
1640 S State Street
$ 3,100,000
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1640 S State Street

Chicago, IL, 60616
$ 3,100,000
Baths0.0 Sq 13,531

Monthly Estimate*

$ 20,604

1640 S State Street, Chicago, IL 60616 - Image 1
1640 S State Street, Chicago, IL 60616 - Image 2
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Studio

Commercial Property for sale in Chicago, IL

for $3,100,000. This 13,531 square foot building was built in 1955 on a lot size of 0.35023.

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.

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Commercial Active

Price

$ 3,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 37,864

Style

Lot Size

0.35023

Year Built

1955

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11739914
Features
General
Cooling Central Air
Year Built 1955
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories 1
Property SubType Other
Tax Year 2021
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions From expressway's exit following State Street to property at 1640 S. State Street.
City Chicago
MLS Area CHI - Near South Side
Lot Size Square Feet 15256
Street Name State
Tax Annual Amount 37864
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 361
Standard Status Active
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Exterior
Building Area Total 13531
Lot Dimensions 15256
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Interior
Street Suffix Street
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

ssilver@mpirealestate.com

Email

Affordability Calculator

$23,759
Per Month
87%
13%
0%
Monthly Principal & Interest
$20,604
Monthly Property Taxes
$3,155
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
12/26/2023$3,100,000 Listed Price

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1640 S State Street, Chicago, IL, 60616 is a Commercial Property for sale at $3,100,000 with 13,531 sqft and a lot size of 0.35023. 1640 S State Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 60616 which is in Chicago, IL

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