One South Dearborn — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60603

Description

One South Dearborn offers an approachable trophy building where professional service, high attention to detail and state of the art technology are combined to create a truly enriching experience in the heart of The Loop. Designed for efficiency, the 26,500 square foot rectangular floor plates feature 2 column-free 42-foot spans. The amenities include private on-site Parking, a recently upgraded club-quality Wellness and Fitness Center programmed by Kinema Fitness, Tenant Lounge and Conference facility.

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 196 days. Compare it against other office listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Chicago?
About 9.8% as of Q1 2026, per multiple brokerage reports.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

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