507 N Wells St - Storefront Retail/Office FOR SALE


Chicago, IL 60654
$1,200,000 USD
312-838-8873
507 N Wells St, Chicago, IL for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/32
null | Request Cap Rate

507 N Wells St
Chicago, IL 60654


HIGHLIGHTS

  • Rare opportunity due to the limited available spaces on this side of Wells St
  • Equipped with water throughout, multiple bathrooms, and turnkey capabilities for nail/hair salons/Med-Spa
  • Close proximity to Merchandise Mart

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. The 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, Restaurant, 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B7-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dakota Nilson@properties CommercialMore Info
312-838-8873

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Dakota Nilson@properties CommercialMore Info
312-838-8873

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.