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542 Dearborn St Chicago, IL 60605

For Lease
$21 SF/Yr

Prime South Loop Office, 9 Suites Available

Lot size:
88,347 SF

Description

Added:
Dec 11, 2024
Days on Market:
364
This iconic 14-story, 88,347 square foot office building, located at 542 S. Dearborn St. in Chicago's Printer's Row, presents a unique opportunity. Built in 1891 by renowned architects Holabird & Roche, and listed on the National Register of Historic Places, The Pontiac Building boasts a rich history and modern amenities. Recent renovations (2019) encompass the lobby, elevator cabs, select common corridors, and new spec suites, blending historical charm with contemporary functionality. The building offers multiple tenancy options, with spaces ranging from 1,376 to 6,723 contiguous square feet, accommodating diverse business needs. With 10 total suites and currently 44,211 square feet vacant, this property offers significant potential. The building features an 11-foot ceiling height and convenient access to three "L" stations and the LaSalle Metra Station, all within two blocks. A Potbelly Sandwich Shop is located on-site. The building's location in Printer's Row, known for its unique street pattern designed to maximize natural light, offers a vibrant and historically significant setting. The property is zoned 50, situated in Cook County, and has a Building FAR of 6.76. Property taxes are $7.45 per square foot. The 0.3-acre site includes one building with elevators.

Property Features for 542 Dearborn St

General Information

Property type
Office Properties & Spaces
Lease Type
Gross Lease
RSF (Rentable sq. ft)
88,347 SF
Class
B
Total Rate
154607.25

Building Details

Year Built/Renovated
1891/2019
Buildings
1
Stories
14

Unit(s) available at that property

Space
Suite 310
Size
1,376 SF
Rate per SF
$23
Space
Suite 410
Size
1,667 SF
Rate per SF
$21
Space
Suite 550
Size
2,271 SF
Rate per SF
$23
Space
Suite 650
Size
2,785 SF
Rate per SF
$22
Space
Suite 750
Size
5,085 SF
Rate per SF
$22
Space
Suite 801
Size
1,555 SF
Rate per SF
$24
Space
Suite 1100
Size
6,723 SF
Rate per SF
$27
Space
Suite 1400
Size
6,320 SF
Rate per SF
$29
Space
Suite 1000
Size
6,170 SF
Rate per SF
$27

HighLights

  • Class B, 88,347 SF office building in Chicago's Printer's Row submarket.
  • 14‑story building with 44,211 SF of vacant space, divisible into units from 1,376 SF to 6,723 SF contiguous.
  • Building features 11' ceilings, elevators, and recently renovated lobby, elevator cabs, and select common corridors.
  • Located on 0.3 acres, with a 6.76 FAR, and built in 1891 (renovated 2019).
  • Excellent transit access, near three 'L' stations and the LaSalle Metra Station, with on‑site Potbelly's.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

C Quest America Nursing Agency Davin Youngs Voice Vocal Instructor Law Office of Kevin ... Immigration Attorney Method Consultant Phoenix Rising Counseling ... Mental Health Service

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
-87.62919712
Latitude
41.87458307

FAQs

What type of property is this?
Office Property / Space - Prime South Loop Office, 9 Suites Available
Where is this office property / space located?
The property is located at 542 Dearborn St Chicago, IL.
What is the lease rate?
The lease rate is $21-$29 SF/Yr.
What are key features of this property?
This property features: Class B, 88,347 SF office building in Chicago's Printer's Row submarket.; 14-story building with 44,211 SF of vacant space, divisible into units from 1,376 SF to 6,723 SF contiguous.; Building features 11' ceilings, elevators, and recently renovated lobby, elevator cabs, and select common corridors.
More about this property
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