Highlights
•Proximity to McCormick Place Convention Center, attracting nearly 3 million visitors annually •Located in the rapidly developing South Loop submarket •Strong demand driven by business professionals and students •Near the 10,000-seat Wintrust Arena hosting sports, concerts, and events •Adjacent to the 1,200-room Marriott Marquis with 93,000 SF of event space •Walking distance to CTA Red, Orange, and Green Line stations •Excellent access to I-90/94, I-55, and Lake Shore Drive
Description
This premier dual-property offering is located in the highly sought-after South Loop submarket of Chicago and consists of two fully renovated, complementary assets at 2001 South State Street and 2000 South Wabash Avenue. The 2001 State Street property features 22 renovated apartment units along with approximately 12,960 square feet of ground-floor commercial space, while 2000 Wabash Avenue includes an additional 6,736 square feet of commercial space and a 2,200 square foot second-floor work/live unit. Current commercial tenants include Phenomenal Fitness, Streetwise Chicago headquarters, an OB/GYN practice, and a specialty grocery store, providing a diverse and stable tenant mix. The properties received a new Certificate of Occupancy in 2018 and have benefited from extensive capital improvements and modern buildouts across all commercial spaces between 2018 and 2021. All residential units have been fully gut renovated with new granite countertops, cabinetry, flooring, stainless steel appliances, updated plumbing and electrical systems, modern HVAC, and in-unit laundry. Formerly known as the historic Cullerton Hotel and once a notable South Loop gathering spot, the buildings have undergone substantial upgrades including new roofing, tuckpointing, siding, windows, security systems, stairwells, HVAC systems, and elevators, creating a thoroughly modernized asset while retaining historic character. Ideally positioned near Chicago’s central business district, the properties benefit from proximity to major parks, cultural institutions, schools, and transit, contributing to South Loop’s emergence as one of the city’s fastest-growing markets. The buildings are located a short distance from McCormick Place, Wintrust Arena, and the Marriott Marquis Hotel, and are just two blocks from the Cermak Green Line CTA station. Significant area investment is underway, including the $390 million McCormick Square expansion, which is transforming the neighborhood into a destination for nightlife, hotels, and retail. The surrounding area continues to experience rapid growth with the addition of new high-rise residential towers, hotel expansions, office buildings, and DePaul University’s Wintrust Arena, all of which enhance visibility, foot traffic, and long-term demand for the properties. This offering presents a rare opportunity to acquire a fully stabilized, mixed-use investment in the heart of one of Chicago’s most dynamic and evolving neighborhoods.
Listing Details
- Tenancy
Multi
- Space Type
mixed-use
- Sub Category
mixed-use-multifamily / mixed-use-office / mixed-use-retail
- Date Listed
2/3/2026
- Ownership Info
Fee Simple
- Investment Type
Stabilized
- Net Operating Income
$879,608
- Parking Info
25 spaces
- Net Rentable
52,750 SF
Property Specifics
- Property Name
2001 S State St, Chicago
- No of Buildings
2
- No of Stories
4
- Year Built
1878
- Year Renovated
2020
- Zoning
DX-5
- Occupancy
100%