415 Dearborn St Chicago, IL 60654

Property Details for 415 Dearborn St

Year built

1923

Property size

28,784 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional mixed-use property at 415 N Dearborn St, Chicago, IL 60654, boasts 28,784 square feet and a prime River North location. Built in 1923, it benefits from a recent, impressive backfill execution, securing long-term leases with high-end food and beverage tenants. The first floor will soon house Blue Sushi Sake Grill, a nationally recognized brand, while the second floor will welcome Ghost Donkey, a rapidly expanding tequila and tapas concept. This location offers unparalleled accessibility, with a Walk Score of 98 and a Transit Score of 100, placing it in a "Walker's Paradise" and "Rider's Paradise." Situated a quarter-mile from Michigan Avenue's Magnificent Mile, it's surrounded by thriving businesses and enjoys exceptional demographics: a 1-mile radius encompasses 134,000 residents, 474,000 daytime employees, and an average household income of $150,000. The area's strong tourism, with over 48.9 million visitors in 2022 and projected growth in 2023, further enhances its investment potential. Convenient access to Interstate 90, Lake Shore Drive, and multiple CTA stations ensures easy access for both employees and customers. This property represents a rare opportunity to own a thriving, well-located mixed-use asset in the heart of Chicago's vibrant River North neighborhood. The high concentration of white-collar workers (94%) and high percentage of college-educated residents (73%) within a one-mile radius further solidify the property's strong investment potential. The proximity to 5,610 hotel rooms within a quarter-mile radius also contributes to the consistent high foot traffic and demand.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6294

Latitude

41.8898