Retail

Retail in Chicago, IL

744 south dearborn street, chicago, IL 60605

Price

Price on request

Description

One-of-a Kind Restaurant Opportunity Featuring a Remarkable Glass Atrium *PLEASE DO NOT DISTURB TENANT* - Single Tenant Free-Standing Fully equipped and operational restaurant space ready for immediate use - Unique retractable skylight on the second floor, seamlessly blending indoor and outdoor dining experiences - Seating capacity consists of 294 for the interior, and 28 for the exterior, totaling 322 - Prime outdoor seating available along Polk Street, perfect for attracting foot traffic

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

744 south dearborn street, chicago, IL 60605

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Chicago retail market showed average asking rents near $22.27/SF/yr, and cap rates around 8.2%. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$22.27/SF/yr

Estimated sale value

$162–$205/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.2%, asking rent held flat).

View the full Chicago Retail market report →

Compare it against other retail listings for sale in Chicago, IL to benchmark pricing and space — view the full market.