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601 N Wells Street, Chicago, IL 60654
$65
601 N Wells Street, Chicago, IL 60654View this property at 601 N Wells Street, Chicago, IL 60654
601 N Wells StreetChicagoIL60654
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Property Description
Prime Retail Opportunity at 601 N. Wells St., River North, Chicago Nestled in the heart of Chicago's dynamic and affluent River North district, the retail space at 601 N. Wells St. presents a rare leasing opportunity. This freestanding property, offering 2,800 square feet of versatile retail space, combines historic charm with modern amenities following a comprehensive renovation in 2020. Location and Lifestyle Strategically positioned at the crossroads of W. Ohio St. and N. Wells St., this property benefits from an impressive daily traffic count of 31,113 vehicles and is enveloped by an affluent demographic with an average household income of $142,393 within a 3-mile radius. River North is a cultural and lifestyle hub, known for its upscale dining, vibrant nightlife, and a community that values fitness, organic foods, and the arts. This makes 601 N. Wells St. an ideal location for businesses aiming to thrive in a lively urban environment. Retail Space Features - Size and Structure: A total of 2,800 SF available, with a flexible floor plan (2,000 SF on the 1st floor and 800 SF on the 2nd floor), allowing for a range of retail configurations. - Economic and Demographic Strength: Surrounded by a dense, high-income population and significant consumer spending power ($7.9 billion within 3 miles). - Zoning Flexibility: DX-5 zoning permits a variety of uses, from traditional retail to innovative service concepts, supporting a vibrant mix of commercial activities. - Visibility and Accessibility: Exceptional visibility due to high traffic volumes, enhanced by excellent accessibility via public transportation, walking, and biking paths. Connectivity and Community River North is a testament to Chicago's ability to blend urban living with luxury. The neighborhood's proximity to the Magnificent Mile, bordered by the Chicago River, positions 601 N. Wells St. as a gateway to one of the city's most sought-after districts. This area is not just a place to do business but a place to become a part of Chicago's thriving community fabric. A Unique Opportunity This offering is more than just a retail space; it's a chance to be at the heart of Chicago's economic and cultural activity. Ideal for brands and businesses aiming to establish or expand their presence in a high-growth area, 601 N. Wells St. promises visibility, flexibility, and connectivity. Seize the opportunity to make a mark in River North, where commerce meets community, and tradition meets innovation.
Full Property Details
Full Property Details for 601 N Wells St
General
- Price: $65
- Taxes: $41,157 (2022)
- Status: Active
- Type: Commercial Lease
- MLS ID: 12017848
- Updated: 4/7/2024
- Added to Site: 31 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Near North Side
- County: Cook
- Driving Directions: Use the right 2 lanes to take exit 50B toward E Ohio St Continue onto W Ohio St Turn left onto N La Salle Dr Turn left at the 1st cross street onto W Ontario St Turn left onto N Wells St. Destination will be on the left
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Year Built: 1888
Financial Considerations
- Lease Price: $65
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Other
- Assessment Year: 1888
- Tax Amount: $41,157
- Tax Year: 2022
- Tenant Pays: Taxes
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Schools
Schools serving 601 N Wells St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
24 W Walton St, Chicago, IL 60610 | PK-8 | 0.6 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 N Wells St
Date
Details
Price
Change
Source
4/01/2024
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.
Estimate the Cost
Estimate the Cost for 601 N Wells St
601 N Wells Street, Chicago, IL 60654 (MLS# 12017848) is a Commercial Lease property. 601 N Wells Street is currently listed for $65 and was received on April 01, 2024. Want to learn more about 601 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.