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Property profile & analytics

731 Dearborn St Chicago, IL 60654-3826

  • Retail space
  • 3,000 SF
  • 0.07 lot acres
OFF-MARKET
Value Estimations
$505,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0801690
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 731 Dearborn St

Year built
1994
Lot size
0.07 lot acres
Property size
3,000 SF
Property type
Retail space
APN
17-09-206-010
APU
1709206010

Description

This exceptional 3,055-square-foot freestanding building presents a rare opportunity in Chicago's vibrant River North submarket. Located at the highly visible northeast corner of North Dearborn Street and West Superior Street, this single-story property boasts outstanding frontage and exposure on two major thoroughfares. The building is ideal for a variety of uses, including retail, restaurant, or medical office space, and offers ample power. Its prime location at a signalized intersection ensures high traffic and visibility, benefiting from both daytime and nighttime foot traffic. The property features attractive window lines maximizing visibility and the potential for outdoor patio seating along Superior Street. Situated in a thriving commercial corridor with numerous national brands and close proximity to public parking garages, this location offers unparalleled access and convenience. The building's adjacency to a new luxury development with hundreds of residential units further enhances its appeal. With immediate occupancy available, this is a once-in-a-generation opportunity to establish a flagship presence in one of Chicago's most desirable neighborhoods. The 100 Walk Score designates this area as a walker's paradise. The ability to brand the façade adds to the property's marketing potential. This property is a truly exceptional opportunity for a discerning business seeking a prominent location in the heart of River North, where the Gold Coast and River North meet.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $335,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $690,000
    6.5%
    $640,000
    7%
    $595,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $700,000
    Market price range: $206k - $780k
    AI Estimate
    $354,000
    Market price range: $99.0k - $396k
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $435,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $715,000
    Change: +64% Conversion: Moderate
    OFFICE BUILDING
    $455,000
    Change: +4% Conversion: Easy
    AUTO REPAIR, GARAGE
    $360,000
    Change: -18% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6294
Latitude
41.8958
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$44,770
$160,000
$57,665
$217,665
-
$640,000
$230,660
$870,660
More about this property
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