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360 N State St 13,254 SF Retail Condo Unit Offered at $15,000,000 in Chicago, IL 60654
1 Unit Available
Unit 1st Floor
| Unit Size | 13,254 SF | Sale Type | Investment |
| Price | $15,000,000 | Cap Rate | 6.50% |
| Price Per SF | $1,131.73 | NOI | $975,000 |
| Condo Use | Retail | Sale Conditions | 1031 Exchange |
| Unit Size | 13,254 SF |
| Price | $15,000,000 |
| Price Per SF | $1,131.73 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $975,000 |
| Sale Conditions | 1031 Exchange |
Description
Located in the heart of Chicago’s vibrant River North neighborhood, this exceptional first-floor condo offers a rare investment opportunity in one of the city’s most sought-after dining and entertainment corridors. The space is fully leased to the nationally recognized steakhouse brand STK Steakhouse, providing stable tenancy and premium visibility along a high-traffic corridor surrounded by luxury residential towers, boutique hotels, nightlife, and upscale retail. With strong pedestrian activity day and night, the property benefits from unmatched exposure in a location widely considered the hottest section of River North.
The condo features prominent street-level frontage, modern architectural finishes, and an open commercial layout ideally suited for high-end hospitality use. Positioned among Chicago’s top culinary and nightlife destinations, the asset combines long-term income potential with the prestige of a trophy location. Investors will appreciate the strength of the tenant, the energy of the surrounding district, and the enduring appeal of River North as a premier destination for dining, entertainment, and luxury urban living.
Property Facts
| Total Building Size | 50,405 SF | Typical Floor Size | 12,601 SF |
| Property Type | Retail (Condo) | Year Built | 2011 |
| Building Class | B | Lot Size | 0.35 AC |
| Floors | 4 | ||
| Zoning | DX-12 - Downtown Mixed-Use District | ||
| Total Building Size | 50,405 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 12,601 SF |
| Year Built | 2011 |
| Lot Size | 0.35 AC |
| Zoning | DX-12 - Downtown Mixed-Use District |
Nearby Major Retailers
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360 N State St
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