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Property profile & analytics
OFF-MARKET
Office Spaces

650 Dearborn St Chicago, IL 60654

33,295 SF Built 1870
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1870
Total area 33,295 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Core Evolution Gym & Fitness Center
  • Law Office of Edward J. Austin, P.C. Law Firm
  • John L. McNamara, P.C. Law Firm
  • Law Offices of James D. Tunick Law Firm
  • Law Office of Kevin J. Mcnamara, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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