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Rockford, Illinois Homes & Real Estate For Sale
Cell: (815) 222-8800

Real Estate Agent Chad Pierce

Chad Pierce

Cell: (815) 222-8800
Rockford

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642 N Dearborn Street, Chicago, IL 60654

$2,150,000
SAVE TOUR PROPERTY
  • 642 N Dearborn Street, Chicago, IL 60654 Main Photo

12 Total Photos [Click to View All]

Active
MLS#12528262
STATUSActive PROPERTY TYPECommercial - Business
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Property Description

This is an income-producing, mixed-use investment opportunity with a projected NOI of $133,840. 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.

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 cpierce.gogambino.com today.

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

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

Agent Name: Chad Pierce
Agent Phone: Cell: (815) 222-8800
Agency Title: Gambino Realtors

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