1640 S State St
Chicago, IL 60616
Industrial Property For Sale

This property offers a rare opportunity to acquire a single-story commercial building in Chicago’s South Loop, positioned at the corner of 16th and State Streets. The building spans approximately 13,646 square feet and is currently occupied by Fleet Distributors, Inc. on a month-to-month lease, providing in-place income with flexibility for future redevelopment or owner occupancy.
Constructed with masonry and featuring ceiling heights ranging from 12 to 16 feet, the property includes approximately 2,000 square feet of retail and office space, a 6,000-square-foot warehouse addition, and an unfinished basement. The site also offers a 10-foot by 10-foot drive-in door and parking for five vehicles.
Located in a highly desirable area, the property benefits from strong traffic counts (17,353 vehicles daily) and proximity to major attractions such as Grant Park, Soldier Field, and the Museum Campus. The South Loop neighborhood is a dynamic mix of historic and modern developments, with excellent access to CTA Red, Orange, and Green lines, as well as major expressways.
Zoned M1-1, the property is suitable for a variety of commercial and light industrial uses. Additionally, there is significant redevelopment potential when combined with adjacent parcels, allowing for a large-scale residential or mixed-use project under a DX-5 zoning scenario.