609 S. State Street offers a rare development opportunity in the heart of Chicago’s Loop and South Loop neighborhoods. This 1.28-acre site is available for purchase as a full parcel or divided into two separate sites, providing flexibility for developers and investors. The property is zoned DX-12, a Downtown Mixed-Use District designation that supports vertical mixed-use development with commercial space on the ground floor and residential or other uses above grade. The site’s zoning allows for a maximum base FAR of 12.0 and permits up to 486 residential units on the full site or 243 units per half site. Located within a vibrant urban environment, the property benefits from proximity to cultural attractions, major universities, and extensive transportation options, including CTA and Metra access. Positioned near Grant Park, Museum Campus, and the Chicago River, this location offers strong appeal for residential, mixed-use, or student housing development. With annual parking income of approximately $318,000 and a price of $9,000,000 per site, this property represents a compelling investment opportunity in one of Chicago’s most dynamic districts.