731 Dearborn StChicago, IL 60654

Property Details for 731 Dearborn St

Year built

1994

Lot size

0.07 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,417,248

  6.5%

  $1,308,229

  7%

  $1,214,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $984,690

  Geo Method

  $984,690

• Alternative Use

  Use

  Valuation

  Residential

  $1,103,540

  Hospitality

  $1,010,837

  Educational

  $841,004

  Medical

  $869,928

  Retail

  $1,308,229

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8958

Longitude

-87.6294

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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