The 14,061 SF retail property located at 1255 S State Street was sold by SVN | Chicago Commercial for $5,200,000. Wayne Caplan, senior vice president, represented the seller and Kyle Gardner, associate advisor, represented the buyer.
The space is at the ground floor of a 255-unit residential condominium development. Anchored by Toronto, Canada based Kids and Company daycare, this 100% leased property also features Burr Ridge, IL based Premier Physical Therapy, a local salon, and a sushi restaurant among its tenant roster.
“This is great, stabilized retail real estate in a great location,” Caplan said. “The Roosevelt Road corridor of the South Loop is one of Chicago’s pre-eminent retail locations, and this property is right in the heart of it.”
