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    515 N Dearborn St Chicago, IL 60654

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    For Lease
    $29 SF/Yr

    Full floor office space with customization options available for rent.

    Property size:
    8,400 SF
    Lot size:
    0.22 Acres

    Property Features for 515 N Dearborn St

    General Information

    Size
    8,400 SF
    Lot size
    0.22 Acres

    Source: Tenant Advisory Group, LLC Agent Tina Crnkovich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Full Floor Office Space

    This commercial space offers a full floor opportunity for a tenant. The layout includes a combination of existing perimeter offices and open areas suitable for workstations. The landlord is prepared to offer a Tenant Improvement (TI) package to customize and refresh the space for a qualified tenant. The building's elevators, corridors, and lobby are currently undergoing upgrades. The space features exposed brick, tall ceilings, and ample natural light. The property is conveniently located less than two blocks from the blue, brown, green, pink, and orange line trains. The property size is 8400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Famous Corey's Food Manufacturing Supply Illinois Medical Directors ... Non-Profit Organization Corey's NYC Bagel ... Bagel Shop Chicago Medical Society Non-Profit Organization Chicago Gynecological Society Obstetrician-Gynecologist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6289539
    Latitude
    41.87539

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    FAQs

    What type of property is this?
    Office space - Full floor office space with customization options available for rent.
    Where is this office space located?
    The property is located at 515 N Dearborn St Chicago, IL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Conveniently located less than two blocks from multiple train lines (blue, brown, green, pink, and orange).; - Landlord will contribute a TI (Tenant Improvement) package to modify and refresh the space.; - **The space features exposed brick, tall ceilings, and a lot of natural light.**
    (312) 775-4040
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    515 N Dearborn St Chicago, IL 60654
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    Chicago, IL 60654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 N Dearborn St Chicago, IL 60654
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