Date
Details
Price
Change
Source
4/10/2026
Listed
$65
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$65
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Property Description
Located at 1525 N. Wells in the heart of Chicago's vibrant Old Town neighborhood, this impeccably built, modern bar. This is a rare turnkey opportunity. The previous tenant operated with a full suite of licenses, including a corporate liquor license, PPA license, retail food license, and a sidewalk cafe permit. The space features approximately 6,578 square feet of interior space with an approved occupancy of 239 guests, plus seating for 42 on the sidewalk cafe. Boasting 50 feet of prime frontage along Wells Street, the property benefits from excellent visibility and heavy foot traffic, complemented by wide sidewalks ideal for outdoor dining. Inside, the main bar and dining area span an impressive 80'6" in depth and 49'8" in width, with 11-foot ceilings creating an open, airy atmosphere. The centerpiece is a striking rectangular bar offering 72 linear feet of service space-perfect for high-volume operations. This is a high-grossing, fully built-out venue in one of Chicago's most sought-after hospitality corridors, ready for its next operator.
Full Property Details
Full Property Details for 1525 N Wells St
General
- Price: $65
- Taxes: $143,422 (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12614741
- Updated: 5/5/2026
- Added to Site: 69 day(s) ago
Interior
- Interior Features: Mezzanine
Additional Information
- Security/Safety: Alarm on Site, Ansul System, Fire Extinguisher(s), Sprinklers (Dry), Sprinklers (Wet)
Location
- Area: CHI - Near North Side
- County: Cook
- Driving Directions: North or South on Wells St. to 1525 North.
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Cable Available, Fiber
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane
- Ceiling Height: 11
- Stories/Levels: 1
- Current Bldg. Use: Commercial
- Year Built: 1930
Lot Features
- Lot Size (Sq. Ft.): 12,880
- Lot Dimensions: 80 x 161
- Frontage: City Street
- Drainage: Floor Drains
- Zoning: COMMR
Financial Considerations
- Lease Price: $65
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Alarm On Site, Ansul System, Fire Extinguisher/s, Sprinklers-Dry, Sprinklers-Wet
- Assessment Year: 1930
- Tax Amount: $143,422
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer, All Utilities, Trash Collection
Listed by Westward Properties LLc
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— 1525 N Wells St —
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NMLS#: 1598647
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Schools
Schools serving 1525 N Wells St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Manierre Elementary School 1420 North Hudson Avenue, Chicago, IL 60610 | PK-8 | 0.3 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1525 N Wells St
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Estimate the Cost for 1525 N Wells St
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- Single Family
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1525 N Wells Street, Chicago, IL 60610 (MLS# 12614741) is a Commercial Lease property. 1525 N Wells Street is currently listed for $65 and was received on April 10, 2026. Want to learn more about 1525 N Wells Street? Do you have questions about finding other Commercial Lease real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.