120 S State St, 8th Floor, Chicago, IL, 60603

120 S State St, 8th Floor Chicago, IL 60603

120 S State St, 8th Floor, Chicago, IL, 60603
120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603 120 S State St, 8th Floor, Chicago, IL, 60603
FOR SALE
Property Type:
Other Special Purpose
Amount:
$998,000
Last Verified:
Nov 13, 2024

Daily Email Blast
0 times


Highlights

  • A unique opportunity to own a part of Chicago's historic architecture.
  • Unit 8 is a full-floor 2,300 SF work/live space with direct elevator access, hardwood flooring, and soaring ceilings.
  • The front corner windows provide panoramic views of State Street and the Palmer House, adding to the charm of this versatile unit
  • The space currently functions as a stunning 3-operatory dental office with a 1-bedroom, 1-bathroom residential suite
  • The building's mixed-use classification as a residential and office property reduces the tax burden by nearly 50%, making it an advantageous investment opportunity
  • Convenient transportation options are available right outside the front door, including CTA buses, the Red Line underground station, and all Loop L stops
  • Dental equipment included in the purchase and is currently leased to the tenant's practice

Description

Originally constructed in 1926 the Singer Building is a historic Gothic Revival structure with intricate details, located on State Street.
The Building, designed by Mundie & Jensen, is a ten-story structure with a Gothic Revival design. It features terra cotta decorations, piers at the corners, and sets of three double-hung windows on each story. With its slender dimensions, the building offers one unit per floor, accommodating a mix of residential and office users. The loft-like interior showcases authentic features like 11'5" concrete ceilings, oak floors, and exposed brick and ductwork. The private elevator key grants direct access to the floor, providing privacy and convenience. Additionally, the unit includes assigned storage on the lower level, and rental and deeded parking options are available nearby. Whether you're looking for a distinctive live/work space, an office, or a combination of both, Unit 8 in the Singer Building offers endless possibilities.

Experience the vibrant energy of downtown Chicago from 120 S State St. In the heart of the Loop, enjoy convenient access to iconic landmarks including Millennium Park, the Art Institute of Chicago, and countless dining and shopping options along the Magnificent Mile. With nearby public transportation and easy access to major highways, the area attracts top-tier professionals and offers unparalleled opportunities. Explore the dynamic blend of commerce and culture that defines the city.


Year Built: 1924
Building Size: 1sq ft
Building Class: B
Lot Size: 0.05 acres


Documents

Chicago - 120 State St, ZM.pdf

Map of 120 S State St, 8th Floor, Chicago, IL, 60603

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.