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$1,200,000
145 Days On Site

507 N Wells Street
Chicago, IL 60654

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
5,705
SqFt
$210
/SqFt
1980
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial
Call Now: 312-767-7744
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312-767-7744
507 N Wells Street507 N Wells Street507 N Wells Street507 N Wells Street
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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. 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.

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Listing Snapshot
Price 
$1,200,000
Days On Site 
145 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,705 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1980
MLS® Number 
12126057
Status 
Active
Property Tax 
$69,313.6
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoPrice changed to $1,200,000
5 months agoListing first seen on site
General Features
Additional Property Use 
Commercial
Number Of Stories 
4
Property Sub Type 
Retail
SqFt Total 
5705
Zoning 
RTAIL
Interior Features
Cooling 
Central Air
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Community Features
MLS Area 
CHI - Near North Side
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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