600-620 Dearborn StChicago, IL 60605
For Sale
$4,325,000
High-yield, multi-tenant retail investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Assumable Loan: $2,454,970 loan balance (3/5/2024), 3.70% fixed interest rate, 30-year amortization, 10/1/2026 maturity, 3-2-1-0-0 prepayment penalty.
- Strong Tenant Base: 100% occupied with five retail tenants, including long-term tenants 7-Eleven (since 1991), Amarit Thai & Sushi (lease extended), and Sofi Restaurant (lease extended). Leases include annual rent increases and expense reimbursements.
- Excellent Transit Access: Adjacent to bus lines and within 0.1-0.5 miles of multiple CTA train lines (Red, Blue, Brown) and Metra stations. Close proximity to Interstates 90, 290, and US Highway 41.
- Prime Loop Location: High-traffic intersection in Chicago's Central Loop, near Grant Park, the Chicago River, Willis Tower, and Union Station. Surrounded by retail, dining, and entertainment options.
- Ground Floor Retail in Iconic Building: Located in the Transportation Building, a 22-story building with 296 residential condos.
- High Traffic Counts: Approximately 10,000 vehicles per day pass the property at the signalized intersection. Significant pedestrian traffic due to surrounding office and residential buildings and proximity to transit.
Property Details for 600-620 Dearborn St
- Property type
- Other retail properties, Restaurants
- Square Feet
- 12,132 SF
- Year Built
- 1914
- Buildings
- 1
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 5
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.87406079
- Longitude
- -87.62918334
600-620 Dearborn St, Chicago, Illinois
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website