Realmo Analytics
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Property summary
This exceptional investment opportunity presents a 7,098 square foot, multi-tenant retail condominium interest located at 423-439 S Dearborn St, Chicago, IL 60605. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $174,000, with an asking price of $2,175,000. Currently 100% occupied by six diverse retail tenants, including established businesses with long-term leases featuring rent bumps, providing a hedge against inflation. Five of the six leases include… operating expense reimbursements. Situated in the heart of Chicago's Loop, this property benefits from its location at the intersection of S Dearborn Street and W Ida B Wells Drive, offering unparalleled access to public transportation, including CTA Brown and Blue lines, Metra, and bus routes. The property is also conveniently located near major highways (Interstates 90 and 290, and US Highway 41), Grant Park, Willis Tower, and Union Station. The building itself, the historic Manhattan Building, is a Chicago Landmark and listed on the National Register of Historic Places. The property enjoys high vehicular and pedestrian traffic counts exceeding 41,000 vehicles daily, supported by a dense population and substantial workforce within a one-mile radius, boasting an average household income of $205,542. This prime location, coupled with strong tenant occupancy and built-in rent increases, makes this a compelling investment opportunity. The property is part of a larger sixteen-story building, with retail on the ground floor and residential condominiums above.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 7,098 SF
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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