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Historic Pontiac Building Office Space
For Lease
$22 SF/Yr

542 S Dearborn, Chicago, IL 60605

Historic building in Printer's Row with modern amenities.

Space Size1,376 SF - 6,723 SF
Property Size89,000 SF
Days on Market206

Property Features for 542 S Dearborn

General Information

Standard status Active
Size 1,376 SF - 6,723 SF
Class B
Property subtype Office
Lease Term MG

Building Details

Building Size 89,000 SF
Year Built 1891

Spaces For Lease

at 542 S Dearborn Contact us

Suite 1000 $27/SF/Yr

Size
6,170 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 1100 $27/SF/Yr

Size
6,723 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 1200 $27/SF/Yr

Size
6,485 SF
Type
Office Building
Term
Negotiable
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Suite 1400 $27/SF/Yr

Size
6,320 SF
Type
Office Building
Term
Negotiable
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Suite 310 $22/SF/Yr

Size
1,376 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 410 $22/SF/Yr

Size
1,667 SF
Type
Office Building
Term
Negotiable
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Suite 550 $22/SF/Yr

Size
2,271 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 750 $22/SF/Yr

Size
5,085 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 801 $24.50/SF/Yr

Size
1,555 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 803 $24.50/SF/Yr

Size
1,787 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Bradford Allen - Corporate
Listed By: Craig A. Nadborne
Source: Tcnworldwide
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 21 at 5:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

The historic Pontiac Building, constructed in 1891, is situated at 542 S. Dearborn St. in Chicago's Printers Row. This architecturally significant building has been restored with modern amenities. Recent renovations have been completed in the lobby and elevators. Potbelly's is located on-site. The property is located within two blocks of three different 'L' stations and the LaSalle Metra Station. The Pontiac Building is the oldest surviving downtown building and is listed on the National Registry of Historic Places. The property offers 89,000 square feet of office space.

Key Highlights

  • Prime location on historic Printers Row, convenient access to transportation with 3 'L' stations and Metra within 2 blocks.
  • Architecturally significant building, beautifully restored with modern amenities.
  • Listed on the National Registry of Historic Places.

Property Analytics

Current Use

C Quest America Employment Agency Davin Youngs Voice Tutoring Service Law Office of Kevin ... Law Firm Method Consultant Phoenix Rising Counseling ... Crisis Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Adult Day Care Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

20,205
Businesses Nearby

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
44,505 SF
Avg Space Size

This space is priced 18% above the average of $18.64 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Historic building in Printer's Row with modern amenities.
Where is this office building located?
The property is located at 542 S Dearborn Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Prime location on historic Printers Row, convenient access to transportation with 3 'L' stations and Metra within 2 blocks.; Architecturally significant building, beautifully restored with modern amenities.; Listed on the National Registry of Historic Places.
More about this property
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