IDEAL FOR A CORPORATE HEADQUARTERS, RESIDENTIAL CONVERSION, OR AN INVESTOR LOOKING TO RE-STABILIZE A TROPHY RIVER NORTH ASSET
515 N Dearborn Street, ideally located in Chicago’s River North neighborhood, is a corner, concrete, 48,000 +- sf retail and office building featuring an adjacent 14 car parking lot. The property’s flexible floorplan, manageable scale and prime location create multiple value-add pathways for investors and end-users, including repositioning, lease-up, redevelopment or new development. Zoned DX-7, this 12,000+ sf site supports approximately 84,000 buildable square feet as of right, plus potential bonus FAR. There is significant in-place income including office, retail, billboard and cell tower leases. The 5000+ sf of retail space provide major upside in this premier location.