Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60654
Dearborn
642
Street
W88° 22' 14.5''
N41° 52' 26.5''
On N Dearborn St at Erie St
CHI - Near North Side
N
Additional Information
Separate Meters
50X100
5
4
Sperry Van Ness
Scott Maesel
Financial
36329
Listing Information
117001
18283
Active
2026-03-21T08:01:06Z
MRED
2025-12-14T06:05:58Z
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.

Commercial Sale For Sale

642 N Dearborn Street, Chicago, Illinois 60654

$2,150,000
Listing ID#12528262
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12528262
Price : $2,150,000
Year Built : 1890
Listing Status : Active
Property Sub Type : Mixed Use
Contact Agent