542 S Dearborn St Chicago, IL 60605
Property profile & analytics
542 S Dearborn St Chicago, IL 60605
- Office buildings
- 95,100 SF
- 0.15 lot acres
Property ID
US28-0353733
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- C Quest America / Employment Agency
- Davin Youngs Voice / Tutoring Service / Theater & Performing Art Venue
- Law Office of Kevin L. Dixler / Law Firm
- Method / Consultant
- Phoenix Rising Counseling & Guidance, LLC / Crisis Center / Medical Clinic
Property Details for 542 S Dearborn St
- Year built
- 1896
- Lot size
- 0.15 lot acres
- Property size
- 95,100 SF
- Property type
- Office buildings
- APN
- 17-16-245-013
- APU
- 1716245013
Description
This iconic 14-story, 88,347 square foot office building, located at 542 S. Dearborn St. in Chicago's Printer's Row, presents a unique opportunity. Built in 1891 by renowned architects Holabird & Roche, and listed on the National Register of Historic Places, The Pontiac Building boasts a rich history and modern amenities. Recent renovations (2019) encompass the lobby, elevator cabs, select common corridors, and new spec suites, blending historical charm with contemporary functionality. The building offers multiple tenancy options, with spaces ranging from 1,376 to 6,723 contiguous square feet, accommodating diverse business needs. With 10 total suites and currently 44,211 square feet vacant, this property offers significant potential. The building features an 11-foot ceiling height and convenient access to three "L" stations and the LaSalle Metra Station, all within two blocks. A Potbelly Sandwich Shop is located on-site. The building's location in Printer's Row, known for its unique street pattern designed to maximize natural light, offers a vibrant and historically significant setting. The property is zoned 50, situated in Cook County, and has a Building FAR of 6.76. Property taxes are $7.45 per square foot. The 0.3-acre site includes one building with elevators.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $12,810,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $22,735,000 Change: +78% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $16,360,000 Change: +28% Conversion: Easy
- RETAIL STORES
- $13,845,000 Change: +8% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $11,390,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6295
- Latitude
- 41.8748
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$650,760
$376,031
$2,787,876
$3,163,907
-
$1,504,124
$11,151,504
$12,655,628
