213-227 S. State St. Retail and Office Building Sale
Sector: Commercial • Location: Chicago, Illinois, United States
Source: Crain's Chicago Business
An eight-story, 112,495-square-foot retail and office building at 213-227 S. State St. in Chicago is being offered for sale by California-based lender Calmwater Capital at a discounted price. The property has been vacant since 2020 and was taken over by Calmwater in 2023 via deed in lieu of foreclosure. The sale price is $6.5 million, about half of the previous expected price, reflecting the chall
- Status
- Closed
- Sector
- Commercial, Residential, Road
- Location
- Chicago, Illinois, United States of America
- Updated
- 22 Jul 2026
- Source
- Crain's Chicago Business
ConstructChat
Ask ConstructChat about 213-227 S. State St. Retail and Office Building Sale
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
| Not available for this record. |
Status
Original status | For Sale |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | An eight-story, 112,495-square-foot retail and office building at 213-227 S. State St. in Chicago is being offered for sale by California-based lender Calmwater Capital at a discounted price. The property has been vacant since 2020 and was taken over by Calmwater in 2023 via deed in lieu of foreclosure. The sale price is $6.5 million, about half of the previous expected price, reflecting the challenges in the State Street retail corridor. The property is zoned DX-16, allowing for high-rise office or apartment redevelopment, though elevated borrowing costs may delay development. |
Original sector | Commercial Real Estate |
Budget |
Location
Country | United States of America (USA) |
State | Illinois |
City | Chicago |
Source
Source | Crain's Chicago Business |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential, Road |
Article published date | 2025-06-04 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project
More Commercial projects in United States
- Engineering, Procurement, and Construction of Third Bosphorus Bridge
- Tampa Bay Seawater Desalination Plant
- Portugues Dam, Ponce
- Sinking Creek Wastewater Treatment Plant Expansion, Tennessee
- Carlsbad Desalination Project, San Diego, California
- Joint Base Lewis-McChord
- Fort Riley Army Base, Kansas
- Fort Benning, Georgia