Listing provided courtesy of MoHall Commercial & Urban DevelopmentMREDas Distributed by MLSGrid- MLS# 12584271MLS Provider

5050 S State Street #2Chicago, IL 60609

Commercial
$19,396 Active

5050 S State Street #2 Overview

Time on Site:
116 days
Visits:
0

Discover an exceptional opportunity to lease 11,185 sq ft of premier second-floor office space at 5050 S State St, Chicago, IL, in the heart of the dynamic and historic Bronzeville neighborhood. This B3-2 zoned property offers an ideal environment for businesses seeking a vibrant, strategically located community with a rich cultural heritage and a promising future. Bronzeville is undergoing a remarkable transformation, attracting forward-thinking businesses and organizations due to its prime location and significant developments. The Bronzeville Lakefront project, a 100+ acre redevelopment of the former Michael Reese Hospital site, is set to turn the area into a global hub for innovation and wellness. This transformative project will feature cutting-edge medical research facilities, vibrant retail spaces, and expansive parkland. Additionally, the upcoming 50-story mixed-use tower at 2601 S Martin Luther King Drive highlights the neighborhood's rapid growth and increasing appeal to both local and national businesses. The B3-2 zoning allows for a wide range of business types, including professional office spaces, medical offices, and retail storefronts. This flexibility makes the space particularly attractive for medical groups and healthcare organizations looking to expand into a neighborhood on the rise. With proximity to the Bronzeville Lakefront's medical research facilities and a rapidly growing population, healthcare providers have a unique opportunity to establish practices that meet the evolving needs of the community. The increasing demand for medical services makes this space an ideal location for clinics, specialty practices, and wellness centers. Current tenants like DaVita Dialysis, Alderman Dowell's 3rd Ward Office, and Nail Master demonstrate the building's appeal to professional and community-focused organizations. The office space includes elevator access and an on-site parking lot, offering convenience for both employees and clients. With abundant natural light, modern finishes, and a flexible layout, this space is perfect for corporate offices, non-profits, healthcare providers, and more. Situated with easy access to I-90/94, the property offers unparalleled connectivity and high visibility, ensuring your business stands out in a bustling area with over 225,000 vehicles passing daily. Bronzeville's continued development, including new schools, residential projects, and retail expansions, positions it as a prime location for businesses looking to be part of Chicago's next great chapter. Seize this rare opportunity to grow your business in one of Chicago's most dynamic neighborhoods.

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5050 S State Street #2 Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Existing Lease Type: Net

Building Information

  • Year Built: 1969

Business Information

  • Current Use: Medical/Dental

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger, Sewer

General Information

  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Leasable Area: 11185
  • Stories: 2

Unit Information

  • Unit SqFt.: 11185
  • Unit Number: 2

Exterior

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 9

5050 S State Street #2 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.

5050 S State Street #2 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

5050 S State Street #2 History

Date Event Value Agent
3/10/2026Source: MRED Status Change
Active
3/5/2026Source: MRED Added to Database
March 05, 2026