1639-1701 S State St
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1639-1701 S State St
12,428 SF Specialty Building Offered at £1,771,312 in Chicago, IL 60616
INVESTMENT HIGHLIGHTS
- Single-tenant commercial property, leased to State Street Hand Car Wash
- Substantial frontage on State Street
- Ceiling height: 14’ clear
EXECUTIVE SUMMARY
Subject property is a 12,790 SF square foot site at the corner of 17th and State Streets in Chicago’s South Loop neighborhood. Currently leased to State Street Hand Car Wash, which is a car wash and detailing operation. The building on the site is 6,250 square feet and is 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 the Kennedy, Edens/Dan Ryan and Eisenhower expressways.
PROPERTY FACTS
| Price | £1,771,312 | Lot Size | 0.29 AC |
| Price Per SF | £143 | Building Size | 12,428 SF |
| Sale Type | Investment or Owner User | Number of Floors | 2 |
| Sale Condition | Development Sale | Year Built | 1904 |
| Property Type | Specialty | Parking Ratio | 0.97/1,000 SF |
| Property Subtype | Car Wash | Level Access Doors | 1 |
| Building Class | C |
| Price | £1,771,312 |
| Price Per SF | £143 |
| Sale Type | Investment or Owner User |
| Sale Condition | Development Sale |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,428 SF |
| Number of Floors | 2 |
| Year Built | 1904 |
| Parking Ratio | 0.97/1,000 SF |
| Level Access Doors | 1 |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £65,910 | |
| Land Assessment | £355,269 | Total Assessment | £421,180 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£355,269
Improvements Assessment
£65,910
Total Assessment
£421,180
ZONING
| Zoning Code | DX-5 (Downtown Mixed-Use District) |
| DX-5 (Downtown Mixed-Use District) |
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1639-1701 S State St
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