773-772-0200
515 N Dearborn St, Chicago, IL for Sale
Office - FOR SALE
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515 N Dearborn St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Multiple value-add pathways for sophisticated investors and end users- flexible use options: office, medical, residential or mixed-use
  • Development potential on adjacent parking lot
  • Prime River North location with exceptional visibility and foot traffic

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

515 N Dearborn

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

DX-7

APN/PARCEL ID

17-09-248-001-0000

ASK ABOUT THIS PROPERTY

Robert Baum@properties CommercialMore Info
773-772-0200

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Robert Baum@properties CommercialMore Info
773-772-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.