642 N Dearborn Street Chicago, IL 60654
$2,150,000
Active / MLS# 12528262 / Commercial - Business / Chicago
0
Beds
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.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $36,329
Year Built: 1890
Feature Descriptions
Electric: Separate Meters
Fire Protection: Alarm On Site
HVAC: Central Bldg Heat
Lot Dimensions: 50X100
Parcel#: 17092260070000
Units: 5
Location
See details and scored characteristics about this location.
Listing Office: Sperry Van Ness
Listing Office Phone: 312-676-1866
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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