MLS#12528262
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
This is an income-producing, mixed-use investment opportunity with a projected NOI of $135,514. The highly desirable historical River North property is adjacent to the highly acclaimed Tao restaurant and consists of five units, billboard income, and a shared outdoor garden patio. The property benefits from favorable remaining lease terms, an opportunity for short-term rental management for additional income, and favorable DX-5 zoning permitting a variety of uses. Recent upgrades include a completely updated 3rd floor completed in 2025 and an updated 4th floor completed in 2021. The property is located in the heart of River North, offering exceptional walkability, immediate access to amenities, and easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $36,329
Year Built: 1890
Feature Descriptions
Days on Site: 84
Electric: Separate Meters
Fire Protection: Alarm On Site
HVAC: Central Bldg Heat
Lot Dimensions: 50X100
Parcel#: 17092260070000
Units: 5
Listed By / Shown By
Listed By
Agency Name: Sperry Van Ness
Agency Phone: 312-676-1866
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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642 N Dearborn Street | MLS# 12528262
This commercial property located at 642 N Dearborn Street, Chicago, IL 60654 is currently listed for sale with an asking price of $2,150,000. Search Chicago real estate on www.bhhscrosby.com today.