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1319-47 S State St
Chicago, IL 60605
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Large urban footprint (43,315 SF) with an efficient shape for dense high-rise development.
- Spectacular views of Chicago’s skyline to the North.
- Flexible and dense “As-of-Right” Zoning with opportunities for additional FAR to be purchased
- Close proximity to Chicago’s Central Business District with over 100M+ Square Feet of office space.
EXECUTIVE SUMMARY
CBRE, as exclusive advisor, is pleased to announce the opportunity to acquire 1319-47 South State Street, Chicago, IL (“Property” or “Site”). The Property is being offered to qualified investors and developers to obtain fee simple interest in this well located and versatile building/redevelopment opportunity.
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
56,000 SF
Building Class
C
Year Built
1943
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
56,000 SF
Building FAR
1.00
Lot Size
1.29 AC
Zoning
B6-6
Parking
30 Spaces (0.54 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,336,276 | |
| Land Assessment | $2,104,044 | Total Assessment | $3,440,320 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,104,044
Improvements Assessment
$1,336,276
Total Assessment
$3,440,320
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