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2211 S State St 0.35 Acres of Commercial Land Offered at $1,500,000 in Chicago, IL 60616

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EXECUTIVE SUMMARY

SEALED BID AUCTION - 15,410 square foot development site is available for sale via sealed bid auction. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as “The 78”, which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.

PROPERTY FACTS

Price	$1,500,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Mixed Use Storefront, Retail or Residential
No. Lots	1	Total Lot Size	0.35 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DX-5 - Downtown Mixed-Use District

Price	$1,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Storefront, Retail or Residential
Total Lot Size	0.35 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DX-5 - Downtown Mixed-Use District

1 LOT AVAILABLE

Lot

Price	$1,500,000	Lot Size	0.35 AC
Price Per AC	$4,240,102.89

Price	$1,500,000
Price Per AC	$4,240,102.89
Lot Size	0.35 AC

15,410 sq foot corner lot at Cermak and State. Zoned DX5 in the Michigan/Cermak TIF. Located in an opportunity zone.

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Walk Score®

Walker's Paradise (97)

Transit Score®

Excellent Transit (83)

Bike Score®

Very Bikeable (84)

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PROPERTY TAXES

Parcel Number	17-27-100-002-0000	Improvements Assessment	$0
Land Assessment	$35,310	Total Assessment	$35,310

PROPERTY TAXES

Parcel Number

17-27-100-002-0000

Land Assessment

$35,310

Improvements Assessment

Total Assessment

$35,310

(312) 338-3012 x228

CONTACTS

Brad Thompson
Daniel Hyman
Millennium Properties R/E, Inc.

Listing ID: 36952624
Date on Market: 7/28/2025
Last Updated:
Address: 2211 S State St, Chicago, IL 60616

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