609 South State Street
Chicago, IL 60605
Sale Price
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Land For Sale - Available Immediately
1.28 AC Available for Sale | Full or Half Site Available
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Mike Nardini
MN
Nicole Mentone
Matthew Dobry
Geoffrey Euston
We are pleased to offer this 1.28 acre site for sale, situated between the Loop and South Loop neighborhoods of Chicago. The site can be purchased as a whole or it can be divided into two sites. Buyers have the option to acquire the entire site, which allows for the development of 486 units, or approximately half of the site (+/- 27,863 SF), which allows for the development of up to 243 units.
Size: 27,863 SF - 55,897 SF
Acres: 0.64 - 1.28 Acres
Zoning: DX-12
Ward / Alderman: 4th Ward / Lamont Robinson
Community: Loop / South Loop
Parking Income: +/- $318,000 annually
Taxes: $532,147 (2024)
PINS: 17-15-300-001 thru -012
North Site: 17-15-300-001 thru -004
South Site: 17-15-300-005 thru -012
Price: $9,000,000 per site
ZONING HIGHLIGHTS
▬ DX-12 Downtown Mixed-Use District
▬ Promotes vertical mixed-use development with commercial ground floor,
dwelling, and multiple uses above grade.
▬ Maximum base FAR is 12.0
▬ 115 SF per dwelling unit per lot area
▬ The entire site permits 486 units (243 units per half of site)
Size: 27,863 SF - 55,897 SF
Acres: 0.64 - 1.28 Acres
Zoning: DX-12
Ward / Alderman: 4th Ward / Lamont Robinson
Community: Loop / South Loop
Parking Income: +/- $318,000 annually
Taxes: $532,147 (2024)
PINS: 17-15-300-001 thru -012
North Site: 17-15-300-001 thru -004
South Site: 17-15-300-005 thru -012
Price: $9,000,000 per site
ZONING HIGHLIGHTS
▬ DX-12 Downtown Mixed-Use District
▬ Promotes vertical mixed-use development with commercial ground floor,
dwelling, and multiple uses above grade.
▬ Maximum base FAR is 12.0
▬ 115 SF per dwelling unit per lot area
▬ The entire site permits 486 units (243 units per half of site)
NEIGHBORHOOD HIGHLIGHTS
609 S. State Street is situated between the South Loop and the Loop
neighborhoods of Chicago. This is a dynamic urban environment with
a rich mix of cultural attractions, residential developments, student
housing, and convenient transportation.
The neighborhood has a distinct character - the nearby area known as
Printer’s Row is centered around Dearborn Street and was historically
an area of printing, publishing, and related businesses between 1886
and 1915. Many of these historic buildings have since been converted
into residential lofts, contributing to a unique architectural landscape.
The Loop is Chicago’s vibrant central business district, renowned for its
stunning architecture, significant cultural institutions, and bustling urban
energy. Historically a 9-to-5 business hub, the Loop has transformed
into a dynamic residential area, attracting professionals and empty
nesters drawn to its walkability and rich amenities. The South Loop has
undergone a significant rebirth over the last decade, with extensive
redevelopment of buildings, restaurants, parks, and transportation,
blending downtown energy with tranquil waterfront greenery. It is known
for its diverse dining options, from upscale to casual eateries, and a
vibrant cultural scene with museums and art galleries.
This property benefits from close proximity to many of Chicago’s major attractions and green spaces such as: Grant Park, Museum Campus, Lakefront Access, Historic Districts, Soldier Field, the Chicago River, and more.
609 S. State Street is situated between the South Loop and the Loop
neighborhoods of Chicago. This is a dynamic urban environment with
a rich mix of cultural attractions, residential developments, student
housing, and convenient transportation.
The neighborhood has a distinct character - the nearby area known as
Printer’s Row is centered around Dearborn Street and was historically
an area of printing, publishing, and related businesses between 1886
and 1915. Many of these historic buildings have since been converted
into residential lofts, contributing to a unique architectural landscape.
The Loop is Chicago’s vibrant central business district, renowned for its
stunning architecture, significant cultural institutions, and bustling urban
energy. Historically a 9-to-5 business hub, the Loop has transformed
into a dynamic residential area, attracting professionals and empty
nesters drawn to its walkability and rich amenities. The South Loop has
undergone a significant rebirth over the last decade, with extensive
redevelopment of buildings, restaurants, parks, and transportation,
blending downtown energy with tranquil waterfront greenery. It is known
for its diverse dining options, from upscale to casual eateries, and a
vibrant cultural scene with museums and art galleries.
This property benefits from close proximity to many of Chicago’s major attractions and green spaces such as: Grant Park, Museum Campus, Lakefront Access, Historic Districts, Soldier Field, the Chicago River, and more.
Sale Price
Contact Broker For Pricing
Get in touch
Mike Nardini
MN
Nicole Mentone
Matthew Dobry
Geoffrey Euston