Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
Listing photo for 1530 State Street, CHICAGO, IL
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1530 State Street,

CHICAGO, IL

$2,100,000

Multi-tenant office,retail & communications investment at residential condo building Dearborn Tower in Chicago's South Loop.Property is comprised of approx. 9700 SF 2nd floor office space,an additional two service retail spaces totaling approx 1,000 SF,communications risers & roof rights w/ leases from antenna & satellite TV providers as well as an internet license w/the Dearborn Tower condo association.Additional space utilized for commercial tenant parking in the basement of the parking garage also included. The 2nd floor office space is on a long term lease w/ Perspectives Charter Schools, one of Chicago's most prominent charter school organizations.Remaining tenants are a dry cleaner, a non-for profit group, the condo association, which leases rooftop & basement space for internet services to its residences & two communications companies providing satellite tv,internet & cell service.2019 Proforma NOI of $159,170 / 7.58% CAP rate. 16 parking spaces avail for an additional $410,000.

Facts & Features
MLS® # 10152525
Price $2,100,000
Square Footage 11,000
Acres 0.00
Year Built 2001
Type Commercial
Sub-Type Retail/Stores
Status Active
Community Information
Address 1530 State Street
Area CHI - Near South Side
City CHICAGO
County Cook
State IL
Zip Code 60605
Amenities
Parking Spaces 30
Is Waterfront No
Has Pool No
Interior
Heating Central Heat/Indiv Controls, Forced Air, Gas
Cooling Central Air, Central Individual
Has Basement No
Fireplace No
Stories 18
Exterior
Lot Description Central Business District, Public Transport Avail
Roof Flat
Construction Brick
Foundation Concrete
Additional Information
Zoning RTAIL
Foreclosure No
Short Sale No
Listing Details
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Photo of Terri McAuley

Terri McAuley

Office: 312-330-3211
Cell: 312-330-3211

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Listing information last updated on April 21st, 2019 at 5:35am CDT.