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    423 S Dearborn St Chicago, IL 60654

    For Lease
    Contact for pricing

    1,156 SF cafe space with high visibility.

    Property size:
    1,156 SF
    Lot size:
    0.23 Acres

    Property Features for 423 S Dearborn St

    General Information

    Size
    1,156 SF
    Lot size
    0.23 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Chelsea Henderson

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

    Overview

    Cafe Space on Dearborn Street

    This 1,156 square-foot second-generation cafe space is available for rent. The property benefits from high visibility on Ida B Wells Drive, which sees 36,000 vehicles per day. There is potential for outdoor seating on an adjacent vacant lot. Nearby tenants include Poke Burrito, Taco Bell Cantina, Gino’s East, and Meli Cafe.
    Location Intelligence

    Current Use by Public Records

    Poke Burrito South ... Restaurant

    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.

    Similar Places Nearby

    Molly's Cupcakes, Little Branch Cafe, Starbucks, Edible Arrangements, Dollop Coffee Co.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.62897
    Latitude
    41.8761486

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    FAQs

    What type of property is this?
    Coffee shop - 1,156 SF cafe space with high visibility.
    Where is this coffee shop located?
    The property is located at 423 S Dearborn St Chicago, IL.
    What are key features of this property?
    This property features: - High visibility location on Ida B Wells Dr (36K VPD); - 1,156 SF 2nd generation cafe’ space; - Potential for outdoor seating on adjacent vacant lot
    (847) 337-5287
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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
    423 S Dearborn St Chicago, IL 60654
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