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D.C.-based Investor Acquires Fully Leased Retail Property At 600 South Dearborn Street For $4.1M

Property Image
SOLD
$4,100,000
Mark Krantz
Derrick Dougherty
Steven Weinstock
+ 1

Illinois

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Retail12,132 SF
Sold 07/01/2025
the dealplayerscompscontact
Property Image
SOLD

D.C.-based Investor Acquires Fully Leased Retail Property At 600 South Dearborn Street For $4.1M

600 South Dearborn Street

See Similar Deals
Retail12,132 SF
Sold 07/01/2025
Mark Krantz
Derrick Dougherty
Steven Weinstock
+ 1
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$337
Total Square Footage:12,132 SF
Transaction Type:Sale

A retail property located at 600 South Dearborn Street in the Chicago market has been sold for $4,100,000. This asset, totaling 12,132 square feet, is fully leased to five tenants, including 7-Eleven and Sofi Restaurant. The sale includes assumable debt and is part of the historic Transportation Building.

Summary of transaction details:

The transaction was brokered by Marcus & Millichap, with Steve Filippo also serving as the mortgage broker. The buyer is a private investor based in Washington D.C.

Players

Steven Weinstock
Marcus & Millichap
Steven Weinstock
19 deals$73.1M volume
BROKER
Derrick Dougherty
Marcus & Millichap
Derrick Dougherty
27 deals$178.4M volume
BROKER
Mark Krantz
Marcus & Millichap
Mark Krantz
13 deals$58.2M volume(215) 531-7056
BROKER
Stephen (Steve) Filippo
Marcus & Millichap
Stephen Filippo
3 deals$17.5M volume(212) 430-5288
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Mark Krantz, Steve Filippo, Steven Weinstock & Derrick Dougherty DATE: 07/01/2025 ADDRESS: 600 South Dearborn Street MARKET: Chicago ASSET TYPE: Retail BROKERS: Mark Krantz, Derrick Dougherty & Steven Weinstock - Marcus & Millichap MORTGAGE BROKER: Steve Filippo (@StephenFilippo) - Marcus & Millichap SALE PRICE: $4,100,000 SF: 12,132 ~ PPSF: $338 NOTE: Marcus & Millichap brokered the $4.1M sale of a fully leased, five-tenant retail property at 600 S. Dearborn St. in Chicago’s Loop to a D.C.-based private investor. The 12,132-sf asset in the historic Transportation Building features tenants like 7-Eleven and Sofi Restaurant and includes assumable debt.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10