415 North State Street

Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile adaptive reuse opportunity located at 415 North State Street in Chicago, Illinois (“The Property”).

Located on the southeast corner of East Hubbard Street and North State Street, 415 North State Street is positioned within Chicago’s River North neighborhood. This area is known for numerous restaurants and shopping hotspots that appeal to locals and tourists alike. Nestled between the Loop and the luxurious Gold Coast, River North is an ideal market for residential, hospitality, or mixed-use.

415 North State Street is a 10,082 square foot land site which is currently improved with a 67,156 square foot, six story office building which has been owner occupied for 50+ years. The Property is zoned DX-7, Downtown Mixed-Use District. The Property benefits from residing in the Downtown Zoning Area, allowing for as-of-right residential development which does not trigger affordable housing requirements. 415 North State Street’s strategic location in the heart of Chicago positions it to capitalize on the city’s continued growth, making it a premier repositioning opportunity on a high profile River North corner.