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  1. Retail Space
  2. IL
  3. Chicago

Waterman Building

For Lease 31,519 SF

127 South State Street, Chicago, IL 60603

Rental Details

  • Number of spaces 1
  • Total square feet available 31,519 SF
  • For Lease Price on request
  • Space Type Retail
  • Latest Update Aug 25, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

1 Space Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
Full Building Retail Price on request 31,519 SF - -

Full Building

Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

31,519 SF

Divisible Space

31,519 - 31,519 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Turnkey

No

Full Building

Space Type
Retail
Lease Rate
Price on request
Total Space
31,519 SF
Space Type

Retail

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

31,519 SF

Divisible Space

31,519 - 31,519 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Turnkey

No

Contacts

DR
Dan Reynolds

Jones Lang LaSalle

SS
Steve Schwartz

Jones Lang LaSalle

Building Details

  • For Lease Price on request
  • Property Type Retail - Street Retail
  • Property Size 31,519 SF
  • Lot Size 0.09 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Year Built 1919
  • Date Updated Aug 25, 2026

Location

  • City Chicago, IL
  • Neighborhood Chicago Loop
  • Zip Code 60603
  • Market Chicago
  • Map
  • Street
  • Walk score 100/100 Walker's Paradise
  • Transit score 100/100 Rider's Paradise
  • Bike score 79/100 Very Bikeable
Powered by Walk Score ®

Points of Interest

Adams/Wabash

0.07 miles

Harold Washington Library-State/Van Buren

0.23 miles

Lake

0.31 miles

Millennium Station

0.33 miles

Quincy

0.34 miles

State/Lake

0.40 miles

Merchandise Mart

0.69 miles

Clinton

0.77 miles

Grand

0.82 miles

UIC-Halsted (Halsted Street)

1.08 miles

ChargePoint

0.37 miles

Tesla Supercharger

0.55 miles

BP

0.90 miles

Blink

1.00 miles

Volta

1.02 miles

Citgo

1.13 miles

Shell

1.28 miles

Blink ParkChip Garage - 1035 Van Buren

1.35 miles

eVgo

1.41 miles

Electrify America

1.50 miles

Adams-Wabash Self Park

0.06 miles

Citadel Center

0.09 miles

33 West Monroe

0.09 miles

55 East Monroe Self Park

0.10 miles

Park 1

0.18 miles

318 South Federal

0.23 miles

Grant Park South Garage

0.23 miles

Grant Park North Garage

0.24 miles

Van Buren & Wabash

0.24 miles

111 West Jackson

0.25 miles

Saks Off 5th

0.12 miles

Target

0.13 miles

TJ Maxx

0.17 miles

Burlington

0.17 miles

Macy's

0.26 miles

Block 37 Shops

0.27 miles

Ross

0.32 miles

Millennium Station/Pedway

0.35 miles

Bockwinkel's

0.54 miles

Mariano's Fresh Market

0.57 miles

Listing Summary

  • The Price for Retail Space at 127 South State Street

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    127 South State Street is located in the Chicago Loop neighborhood, which is home to a total of 177 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 127 South State Street

    The property exclusively contains Retail space totaling 31,519 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Chicago Loop Neighborhood

    127 South State Street is located in the Chicago Loop neighborhood of Chicago. The Chicago Loop retail market offers 177 retail listing(s), representing a total of 626,500 square feet of retail space for lease.

    The most common retail type in the Chicago Loop neighborhood is Restaurant, of which the market currently offers 9 space(s). You can also find 3 Street Retail space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Chicago Loop resident is 33 years old, and the median household income here is $126,202 per year.

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