632 N Dearborn St
Chicago, IL 60654
TAO Chicago · Retail Property For Sale

Cushman & Wakefield of Illinois, Inc. (“C&W”) has been retained as exclusive advisor to sell the fee simple interest in TAO Chicago – a multistory landmark structure containing approximately 34,000 rentable square feet (and 55,226 gross square feet) located at 632 N Dearborn Street, Chicago, Illinois 60654 (the “Property”). The Property, which operates as a single-tenant restaurant and world-class nightclub, is fully occupied for an initial term of 20 years with no termination or contraction options. The lease commenced October 1st of 2018 and will expire naturally on September 30th of 2038. This iconic urban asset holds a striking presence at the northwest corner of Dearborn and Ontario Streets, commanding over 251 feet of combined linear frontage along two heavily trafficked arterials in the dynamic submarket of River North. 632 North Dearborn Street delivers a unique value proposition to the marketplace: a state-of-the-art social experience for consumers and a compelling cash flow opportunity for investors. TAO Chicago’s inaugural sales performance underscores the strength of concept, brand and operations, making 632 North Dearborn Street a rare offering with attractive yields, already defined by a place in the halls of food & beverage history.