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    650 Dearborn St Chicago, IL 60654

    For Lease
    $27 SF/Yr

    Prestigious River North Office Space Available

    Lot size:
    33,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Raleigh Building, located at 650 North Dearborn Street (cross streets Dearborn/Erie) in Chicago's vibrant River North submarket (Cook County, IL, zip code 60654), offers exceptional executive office space. This Class B building, originally constructed in 1870, boasts 33,295 square feet of total space and currently has 2,175 square feet immediately available for lease. The available space is comprised of three contiguous suites, ranging in size from approximately 1,850 to 2,175 square feet. Suite 300, a newly built-out space of 2,175 square feet, is ready for immediate occupancy. The building features elevators for convenient access to all floors. The property's prime River North location provides unparalleled access to Chicago's finest restaurants, cultural attractions, and public transportation. The gross rent for Suite 300 is $27.50 per square foot. This is a multi-tenant building offering a prestigious address and a highly desirable location for businesses seeking a sophisticated and convenient office environment in the heart of Chicago. The building's rich history combined with its modern amenities makes it an ideal choice for discerning tenants. Inquire today to learn more about leasing opportunities.

    Property Features for 650 Dearborn St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,295 SF
    Class
    B
    Total Rate
    76301.04

    Building Details

    Year Built
    1870

    Unit(s) available at that property

    Space
    Suite 200
    Size
    2,100 SF
    Rate per SF
    $27
    Space
    Suite 400
    Size
    2,175 SF
    Rate per SF
    $27
    Space
    Suite 550
    Size
    1,850 SF
    Rate per SF
    $27
    Space
    Suite 800
    Size
    2,175 SF
    Rate per SF
    $27
    Space
    Suite - 500
    Size
    2,175 SF
    Rate per SF
    $27
    Space
    650 N. Dearborn- Suite 300
    Size
    2,175 SF
    Rate per SF
    $27

    HighLights

    • 2,175 SF newly built‑out office suite available for immediate occupancy.
    • Abundant natural light.
    • Gross rent: $27.50/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Core Evolution Pilates Studio Law Office of Edward ... Attorney John L. McNamara, ... Personal Injury Attorney Law Offices of James ... Attorney Law Office of Kevin ... Law Firm

    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
    -87.6300205
    Latitude
    41.893848

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious River North Office Space Available
    Where is this office property / space located?
    The property is located at 650 Dearborn St Chicago, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 2,175 SF newly built-out office suite available for immediate occupancy.; Abundant natural light.; Gross rent: $27.50/SF.
    Request Owner's contact information
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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
    650 Dearborn St Chicago, IL 60654
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