1101 S State St - Apartments FOR SALE
Chicago, IL 60605 |
1101 S State St
Chicago, IL 60605
HIGHLIGHTS
- The Shops at State Place offers a prominent 61,639 SF retail center located at 1103-1155 S State Street in Chicago, IL.
- In 2023 Walgreens invested over $2M in the Shops at State location to leverage technology for a convenience driven shopping experience.
- Rare urban value-add asset with a 7.2% NOI CAGR, stable in-place cash flow with a 5+ year weighted average term allowing stability to reach returns.
- Prime location in one of Chicago's fastest-growing neighborhoods, the South Loop, which saw a 35% population increase from 2010-2020.
- This technology investment is unique to this location and is the first in the nation to be implemented showing corporate commitment to the center.
- Over 57,000 residents live within one mile of the property.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Walgreens Anchored Retail | South Loop Retail
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
263090
STORIES
24
YEAR BUILT
2003
PARKING SPACES
516
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-15-308-033-0000,17-15-308-035-0000,17-15-308-036-0000,17-15-308-037-0000,17-15-308-039-1010,17-15-308-039-1049,17-15-308-039-1106,17-15-308-039-1181,17-15-308-039-1201,17-15-308-039-1211,17-15-308-039-1239,17-15-308-039-1250,17-15-308-039-1285,17-15-308-039-1315,17-15-308-039-1350,17-15-308-039-1459,17-15-308-039-1475,17-15-308-040-0000,17-15-308-041-0000,17-15-308-042-0000,17-15-308-043-0000
