1640 S State St
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1640 S State St
0.35 Acres of Industrial Land Offered at $3,809,640 CAD in Chicago, IL 60616
Executive Summary
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.
The South Loop neighborhood of Chicago is great location for residential 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.
The South Loop neighborhood of Chicago is great location for residential 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 | $3,809,640 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Industrial |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.35 AC |
| No. Lots | 1 |
| Price | $3,809,640 CAD |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 0.35 AC |
1 Lot Available
Lot
| Price | $3,809,640 CAD | Lot Size | 0.35 AC |
| Price Per AC | $10,884,685.84 CAD |
| Price | $3,809,640 CAD |
| Price Per AC | $10,884,685.84 CAD |
| Lot Size | 0.35 AC |
13,531 square foot commercial property located at the corner of 16th and State Streets in the South Loop neighborhood.
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1640 S State St
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