Listing provided courtesy of MoHall Commercial & Urban DevelopmentMREDas Distributed by MLSGrid- MLS# 12584368MLS Provider

5010 S State StreetChicago, IL 60609

Commercial
$14,672 Active

5010 S State Street Overview

Time on Site:
116 days
Visits:
13

Presenting a prime commercial leasing opportunity in Chicago's Bronzeville neighborhood: 5010-5020 S. State Street is a freestanding building encompassing approximately 17,749 square feet (ground floor plus mezzanine) of flexible space. The property's B3-2 zoning (Community Shopping District) allows a wide range of uses, warehouse/distribution, showrooms, auto services and creative commercial projects. Originally built as a supermarket, the structure features an expansive open floor plan with four separate entrances/exits, soaring 16-19 ft. clear ceiling heights, brand-new ADA-compliant restrooms, and an existing mezzanine already plumbed for additional facilities. These modern upgrades and design elements provide a turn-key canvas ready to accommodate a national credit tenant's flagship concept, corporate office, or multi-purpose commercial vision. Exceptional site infrastructure and access: The building sits on a large 1+ acre parcel, including parking for 60 vehicles on-site. Such abundant dedicated parking and loading area make it ideal for high-volume retail or warehousing uses. Connectivity is another highlight: the location is just a few blocks from the Dan Ryan Expressway (I-90/94), offering easy regional access for commuters and logistics. Multiple CTA train stations (Red Line and Green Line) are within walking distance, seamlessly linking the site to Chicago's transit network and workforce. Additionally, State Street itself is a high-visibility commercial corridor, carrying an estimated 21,000 vehicles per day past this property. The address lies in Chicago's Ward 03 (Alderman Pat Dowell), an area currently benefiting from robust City investment initiatives. Tenants here can potentially leverage economic development incentives such as Tax Increment Financing (TIF) district resources or Small Business Improvement Fund (SBIF) grants to support build-out and improvements, and the Bronzeville neighborhood is part of the City's INVEST South/West revitalization corridor. This location stands at the heart of a transforming Bronzeville. Just a few blocks north, the multi-phase Legends South project is redeveloping the former 140-acre Robert Taylor Homes site into one of Chicago's largest mixed-income communities, with 2,400 new homes planned and new retail amenities now under construction for the first time in over a decade. Further catalyzing the neighborhood's resurgence is the massive Bronzeville Lakefront development underway a short drive to the north. This $3.8 billion mega-project will deliver up to 7 million square feet of new offices, research facilities, retail and residences - and is projected to create 20,000 new permanent and temporary jobs upon completion. The influx of new residents, workforce and visitors from these developments is set to dramatically increase local spending power and foot traffic, positioning 5010-5020 S. State Street as a strategic location to serve Bronzeville's renaissance and booming economic activity.

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5010 S State Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Existing Lease Type: Net

Building Information

  • Year Built: 1969

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Grand Boulevard
  • Township: Lake

Rent/Lease Information

  • Tenant Pays: All Utilities

General Information

  • Property Sub Type: Other
  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: None
  • Electric: None
  • Flooring: Concrete
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 17749
  • Stories: 1

Unit Information

  • Unit SqFt.: 17749

Exterior

Building Exterior/Construction

  • Construction Materials: Brick, Block, Steel Siding

General Information

  • Number Of Units Total: 1

5010 S State Street Neighborhood

Community

60609 (CHICAGO) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5010 S State Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

5010 S State Street History

Date Event Value Agent
3/10/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Status Change
Active
3/5/2026Source: MRED Added to Database
March 05, 2026
3/5/2026Source: MRED Added to Database
March 05, 2026
3/5/2026Source: MRED Added to Database
March 05, 2026
7/31/2025Source: MRED Status Change
Closed
6/3/2025Source: MRED Status Change
Active
5/29/2025Source: MRED Added to Database
May 29, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022