Skip To Content

507 N Wells Street

Chicago, IL 60654
  • $1,375,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 12126057
UPDATED: 20 min ago
$1,375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

Prime Bi-Level Retail Space in River North, Chicago Property Overview: This exceptional 5,705 square foot bi-level retail space is now available on the sought-after east block of Wells Street, nestled between Grand and Illinois. Boasting a prominent 25 feet of frontage along bustling Wells Street, this property offers unparalleled visibility in one of Chicago's most vibrant neighborhoods. Location Highlights: River North is a dynamic neighborhood known for its vibrant mix of art galleries, upscale restaurants, luxury design showrooms, and a thriving nightlife scene. It's an area where innovation meets tradition, making it a hotspot for both locals and tourists. The property is located in the heart of the furniture and design district, with immediate neighbors including renowned brands such as Ligne Roset, Mig and Tig, Mobili Mobil, and Roche Bobois. Just a short walk away is the iconic Merchandise Mart, a major hub for interior design and business in Chicago. Accessibility: This retail space benefits from exceptional accessibility, with proximity to both the Red and Brown 'L' lines, ensuring a steady flow of foot traffic from the 12.8 million riders who use these transit lines annually. This strategic location places your business in the midst of a dense urban environment, surrounded by a vibrant community of 74,348 residents and a workforce of 128,478 employees within a one-mile radius. The average household income in the area stands at an impressive $106,658, reflecting the affluence of the neighborhood. Property Features: Versatile Space: The lower level features high ceilings, providing a spacious and flexible environment suitable for a variety of retail or service uses. Previously configured as a medical spa, the space is equipped with multiple bathrooms, water throughout, and turnkey capabilities for a hair/nail salon. Rare Opportunity: Retail spaces on this end of Wells Street are rarely available, making this an exceptional opportunity to establish a presence in a thriving and upscale neighborhood. High-End Neighbors: Benefit from proximity to prestigious co-tenants including Le Select, Duxiana, Gene & Georgetti's, Poliform, Lou Malnati's, Jaleo, and Roka Akor, among others. This is a prime location that places your business in the company of established and respected brands. Whether you're looking to open a flagship store, a high-end salon, or a unique boutique, this space offers the perfect blend of location, visibility, and flexibility. Don't miss your chance to secure a spot in one of Chicago's most desirable retail corridors.

Monthly Payment Calculator



© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-20T22:00:13.747 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.lewkepartners.com/homes/153174904
Print Image

507 N Wells Street Chicago, IL 60654

  • Price: $1,375,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 20 min ago
  • MLS #: 12126057
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Prime Bi-Level Retail Space in River North, Chicago Property Overview: This exceptional 5,705 square foot bi-level retail space is now available on the sought-after east block of Wells Street, nestled between Grand and Illinois. Boasting a prominent 25 feet of frontage along bustling Wells Street, this property offers unparalleled visibility in one of Chicago's most vibrant neighborhoods. Location Highlights: River North is a dynamic neighborhood known for its vibrant mix of art galleries, upscale restaurants, luxury design showrooms, and a thriving nightlife scene. It's an area where innovation meets tradition, making it a hotspot for both locals and tourists. The property is located in the heart of the furniture and design district, with immediate neighbors including renowned brands such as Ligne Roset, Mig and Tig, Mobili Mobil, and Roche Bobois. Just a short walk away is the iconic Merchandise Mart, a major hub for interior design and business in Chicago. Accessibility: This retail space benefits from exceptional accessibility, with proximity to both the Red and Brown 'L' lines, ensuring a steady flow of foot traffic from the 12.8 million riders who use these transit lines annually. This strategic location places your business in the midst of a dense urban environment, surrounded by a vibrant community of 74,348 residents and a workforce of 128,478 employees within a one-mile radius. The average household income in the area stands at an impressive $106,658, reflecting the affluence of the neighborhood. Property Features: Versatile Space: The lower level features high ceilings, providing a spacious and flexible environment suitable for a variety of retail or service uses. Previously configured as a medical spa, the space is equipped with multiple bathrooms, water throughout, and turnkey capabilities for a hair/nail salon. Rare Opportunity: Retail spaces on this end of Wells Street are rarely available, making this an exceptional opportunity to establish a presence in a thriving and upscale neighborhood. High-End Neighbors: Benefit from proximity to prestigious co-tenants including Le Select, Duxiana, Gene & Georgetti's, Poliform, Lou Malnati's, Jaleo, and Roka Akor, among others. This is a prime location that places your business in the company of established and respected brands. Whether you're looking to open a flagship store, a high-end salon, or a unique boutique, this space offers the perfect blend of location, visibility, and flexibility. Don't miss your chance to secure a spot in one of Chicago's most desirable retail corridors.
Interior Features

Cooling Central Air Heat Ventilation Other Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 5705 Current Use Commercial Electric Service - 101 to 200 Amps Fire Protection Other Leasable Area 5705 Mls Actual Status Active Net Operating Income 0 Property Offered For Sale or Rent Property Sub Type MedicalNeighborhood Storefront Rental Price 31 Tax Annual Amount 69313.6 Tax Year 2023 Tenant Pays Varies by Tenant Type Retail/Stores Zoning RTAIL

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of @properties Commercial: 312-506-0200.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-20T22:00:13.747 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12126057-2.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12126057-2.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12126057-2.jpg
Logo
Keller Williams Success Realty
43 E Crystal Lake Ave
Crystal Lake IL, 60014