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407 S Dearborn St

The Loop, Chicago, IL

About 407 S Dearborn St

Known as the Old Colony Building, the property at 407 South Dearborn Street is a redevelopment project in Chicago’s prominent Loop neighborhood. Tenants looking to rent office or retail space in the area should consider this property.

The redevelopment will feature various sized rental spaces, and the wide range of floor plans will be suitable for a variety of businesses.

407 South Dearborn Street is surrounded by public transportation options. With Harold Washington Library, LaSalle/Van Buren, Jackson-Blue, Jackson-Red, and LaSalle Metro Stations all within a block or two from the building, and LaSalle Street Train Station just a few minutes away, employees will have a stress-free commute to and from work.

The neighborhood offers many parks for enjoyment and recreation. Nearby, there are universities, libraries, restaurants, bars, coffee shops, banks, book stores, hotels, and several government offices.

407 South Dearborn Street sits on a busy street that sees a lot of both pedestrian and vehicular traffic. There is a public parking lot directly across from the office building.

Companies at 407 S Dearborn St

Building Management Chicago Inc General Contractor
Kaltsouni Mehdi Inc

Internet Providers for 407 S Dearborn St

Provider Technology Max Download Speed Max Upload Speed
RCN and RCN Business Solutions Fiber
10 Gb/s
10 Gb/s
Zayo Broadband Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
1 Gb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: The Loop

The typical asking rate per listing is in the $30's per square foot per year. The The Loop submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decline in rent.

Compared to the rest of the Chicagoland market, the The Loop submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
The Loop $36
/sqft/yr
3,580
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,370
sqft

Median Rate over Time in The Loop