Street-Level Retail/Office
New
For Lease
Contact for pricing
501 N Wells Street, Chicago, IL 60654
COMMERCIAL - Chicago, IL
Property Size600 SF
Days on Market5
Property Features for 501 N Wells Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Directions
At the Northeast corner of Wells and Illinois St. Access is off of Illinois St.
Subdivision
CHI - Near North Side
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12138
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
4
Listing Agency:
Jameson Sotheby's Intl Realty
(312) 751-0300
Listed By:
Brant Booker
(312) 335-3291
Added: Jul 28
Changed: Aug 1
Last Checked: Aug 1 at 11:06AM
MLS# 12711595
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Street-level retail/office space for lease offering a compact boutique footprint at 501 N Wells Street. The space is 600 SF and is served by central air, supporting year-round comfort for a range of appointment-based or professional uses.
The location is positioned just off the busy Wells & Illinois intersection with direct Illinois Street access. The surrounding area includes River North restaurants and retail, along with THE MART commercial and design center activity, creating both daytime and evening demand.
Transit options are also a key strength. The property is described as having nearby CTA Red Line service through Grand, as well as Merchandise Mart Brown/Purple Lines. Multiple CTA bus routes and Divvy stations are also nearby, offering convenient commuting and customer access.
The location is positioned just off the busy Wells & Illinois intersection with direct Illinois Street access. The surrounding area includes River North restaurants and retail, along with THE MART commercial and design center activity, creating both daytime and evening demand.
Transit options are also a key strength. The property is described as having nearby CTA Red Line service through Grand, as well as Merchandise Mart Brown/Purple Lines. Multiple CTA bus routes and Divvy stations are also nearby, offering convenient commuting and customer access.
Key Highlights
- 600 SF street‑level retail/office space for lease
- Direct Illinois Street access from the property
- Central air
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
35,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level 600 SF retail/office space with central air and direct Illinois Street access.
Where is this retail space located?
The property is located at 501 N Wells Street Chicago, IL.
What are key features of this property?
This property features: 600 SF street‑level retail/office space for lease; Direct Illinois Street access from the property; Central air
