642 Dearborn St Chicago, IL 60654
This exceptional 3rd-floor office suite, located at 642 N Dearborn St in Chicago's vibrant River North neighborhood, offers 6,353 square feet of sophisticated workspace within a classic Italianate-style building constructed in 1871. The single-tenant space boasts three private offices, a convenient in-suite bathroom, and a welcoming reception area. High ceilings, approximately 10 feet, add to the spacious feel. The property is zoned DX-7, offering flexibility for various business uses. Its prime location places it adjacent to the popular Tao Chicago and within the heart of River North's bustling retail and entertainment scene. This area is known for its high-profile businesses, fine dining, and vibrant nightlife, offering unparalleled convenience and prestige. The building itself is a four-story structure, part of Cook County (APN: 17-09-226-007-0000), and situated near the Magnificent Mile and the Loop, providing easy access to major transportation hubs and other key areas of the city. This is a rare opportunity to secure a unique and highly desirable office space in one of Chicago's most sought-after locations.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.