Transportation Building Condos 600-620 S Dearborn St

600-620 S Dearborn St , Chicago, Illinois, 60605 | 12,132 sq.f | $ 4,325,000

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About This Restaurant

Investment Highlights

Attractive Assumable Debt Transited Oriented Property Exceptional Demographics Established Tenants Superior Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of the condominium interest in the multi-tenant retail investment property located at 600-620 S Dearborn Street in Chicago, Illinois (the ?Property?). The Property consists of a portion of the ground floor of the Transportation Building (12,132 square feet) and is 100% leased to five retail tenants. The Transportation Building is a twenty-two-story building that was constructed in 1911, it is the tallest high-rise in Chicago?s Printers Row neighborhood, and features retail units on the ground floor and 296 residential condominiums ranging from 1-Bedroom to 2-Bedroom units on the upper floors. Located in the heart of Chicago?s Central Business District in the Loop neighborhood, the Property is exceptionally well positioned at the intersection of S Dearborn Street and W Harrison Street. The Property offers outstanding access to public transportation, area highways, green space, Lake Michigan, and numerous retail amenities. The Property is also surrounded by large office and residential buildings that drive vehicular and pedestrian traffic to the area and provide a built-in customer base for the retailers.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Restaurant Storefront
  • Building Size    12,132
  • Building Class    C
  • Year Built    1914
  • Price    4,325,000
  • Price Per SF    356
  • Cap Rate    7.08
  • NOI    306,312
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    1.00
  • Land Acres    0.28 AC

Nearby Amenities & Transportation

Retail Chase Bank
Retail Teriyaki Madness
Retail Xsport Fitness
Retail Peet's Coffee
Retail 9Round
Retail WW
Retail Fifth Third Bank
Retail Orangetheory Fitness
Retail Club Pilates
Retail Dollop Coffee Co.

Property Taxes

Parcel Number 17-16-406-031-0000 Improvements Assessment $3,030
Land Assessment $506,591 Total Assessment $509,621
Date Created: 2024-07-16 04:13:38 Last Updated: 2024-07-16 04:13:38
Address: 600-620 S Dearborn St , Chicago, Illinois, 60605