Rowe Building
Life Span: 1892-Present
Location: 418-420 Dearborn (Old), 714 South Dearborn
Architect: William Le Baron Jenney
Chicago Tribune, November 22, 1892
TRANSACTIONS IN REAL ESTATE.
Nos. 418 and 420 Dearborn Street Change Hands
The building and leasehold of Nos. 418 and 420 Dearborn street have again changed ownership. In this instance title has passed from Richard Peck to R. L. Cresey. Mr. Cresey takes title for outside investors, who are the real purchasers. The building is an eight-story brick structure covering a lot fifty feet wide running through from Dearborn street to Custom House place. The building was erected by ex-Ald. Campbell, who leased the ground from S. W. Rawson. The ground lease provides for an annual rental of $3,000 until Jan. 1, 1895, and of $3,500 for forty-five years from that time. At the end of the forty-five-year terra the owner of the fee is compelled either to buy the improvements or their value, or to extend the lease for fifty years at 6 per cent on the ground valuation determined by appraisal. The leasehold was assigned to Gorton W. Allen last year and soon after was traded to George Montgomery and Richard Peck. The present transfer is made on a valuation of 150,000, $100,000 for the building and $50,000.as a bonus for the leasehold. The building is partly occupied, one of the principal tenants being the Dearborn Laundry company.
- The clock tower of the Dearborn Street Station serves as a visual anchor to the Printing House Row District. To the right are the Franklin and Rowe buildings, which typify the functional loft-style printing house.
- Rowe Building
Sanborn Fire Insurance Map
1906
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