For Sale
$998,000

120 State StChicago, IL 60603

Historic building, 2300 sq ft, full floor

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 2,300 square foot executive office suite, located on the 8th floor of a prestigious 1924 building at 120 S State St in Chicago's vibrant Loop, presents a unique investment opportunity. The unit boasts direct elevator access, hardwood floors, and impressive soaring ceilings. Large front corner windows offer panoramic views of State Street and the iconic Palmer House. Currently configured as a three-operatory dental office with a one-bedroom, one-bathroom residential suite, this versatile space offers significant potential for various uses. The building's mixed-use classification (residential and office) results in a nearly 50% reduction in the property tax burden, making this a highly advantageous investment. The sale includes existing dental equipment currently leased to a tenant. The property's prime location provides unparalleled convenience, with immediate access to CTA buses, the Red Line, and all Loop 'L' train stops. This is a chance to own a piece of Chicago's rich architectural history. The asking price is $998,000.

Highlights

  • Own a piece of Chicago's historic architecture.
  • 8th-floor, 2,300 SF full-floor office suite in a prestigious 1924 building at 120 S State St, featuring direct elevator access, hardwood floors, and high ceilings.
  • Panoramic State Street and Palmer House views from corner windows.
  • Currently configured as a three-operatory dental office with a one-bedroom, one-bathroom residential suite.
  • Mixed-use building classification reduces property taxes by approximately 50%.
  • Excellent Loop location with immediate access to CTA buses, the Red Line, and all 'L' train stops.

Property Details for 120 State St

Property type
Office properties
Square Feet
2,300 SF
Year Built
1924
Units
8

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8801547
Longitude
-87.628112
120 State St, Chicago, Illinois

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120 State St
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