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Property Description
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.
Full Property Details
Full Property Details for 5050 S State St #2
General
- Price: $8
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12584271
- Updated: 3/11/2026
- Added to Site: 30 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s)
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Driving Directions: State Street to 5050 | I 90/94 to 55th to State south to 5050 | NWC 51st and State
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Current Bldg. Use: Medical/Dental
- Year Built: 1969
- Built Before 1978: Yes
Lot Features
- Zoning: COMMR
Financial Considerations
- Lease Price: $8
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Alarm Monitored, Fire Extinguisher/s
- Assessment Year: 1969
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger, Sewer
Listed by MoHall Commercial & Urban Development
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Schools
Schools serving 5050 S State St #2
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Beethoven Elementary School 25 West 47th Street, Chicago, IL 60609 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5050 S State St #2
Date
Details
Price
Change
Source
3/05/2026
Listed
$8
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5050 S State St #2
5050 S State Street #2, Chicago, IL 60609 (MLS# 12584271) is a Commercial Lease property. 5050 S State Street #2 is currently listed for $8 and was received on March 05, 2026. Want to learn more about 5050 S State Street #2? Do you have questions about finding other Commercial Lease real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

