Retail Storefront with Nail Salon
For Sale
Contact for pricing
1143-1155 N Wells St, Chicago, IL 60610
Commercial condo retail space currently operating as a nail salon near Division St, about one block from the Red Line train stop.
Property Size2,555 SF
Price / SF$175.73
Days on Market498
Property Features for 1143-1155 N Wells St
General Information
Standard status
Active
Size
2,555 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Listing Agency:
Jameson Commercial
(773) 551-5165
Listed By:
Art Collazo · License #475131028
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Jul 30
Last Checked: Jul 30 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jameson Commercial
Investment Insights
Based on property information with market context.
This commercial condo retail storefront space is currently operating as a nail salon. At 2,555 square feet, it offers an existing retail layout suitable for a salon operator or for converting the space to another business concept.
Set in a high-density, high-traffic Old Town area just off Division St, the location also offers strong transit access. The Red Line train stop is about one block east, supporting walk-in and commuter traffic.
Please respect tenant privacy. The space is positioned for small business use in a compact, street-oriented retail setting.
Set in a high-density, high-traffic Old Town area just off Division St, the location also offers strong transit access. The Red Line train stop is about one block east, supporting walk-in and commuter traffic.
Please respect tenant privacy. The space is positioned for small business use in a compact, street-oriented retail setting.
Key Highlights
- 2,555 SF commercial condo retail storefront space currently operating as a nail salon
- Prime Old Town location just off Division St
- High‑density, high‑traffic area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $21.60 |
| − Vacancy | −$4.7k | −$1.84 |
| EGI | $50.5k | $19.76 |
| − OpEx | −$15.1k | −$5.93 |
| NOI | $35.3k | $13.83 |
2,555 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$505.0K
$441.9K – $589.1K
NOI $35,348 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,327 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13,246
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Groceries 19%
Shops & Services 10%
Apparel 9%
McDonald's
Dining
52,443 visits/mo
0.5 miles
Jewel-Osco
Groceries
38,261 visits/mo
0.4 miles
Starbucks
Dining
14,037 visits/mo
0.5 miles
Pizanos Pizza
Dining
9,491 visits/mo
0.4 miles
Velvet Taco
Dining
7,917 visits/mo
0.2 miles
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condo retail space currently operating as a nail salon near Division St, about one block from the Red Line train stop.
Where is this storefront property located?
The property is located at 1143-1155 N Wells St Chicago, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,555 SF commercial condo retail storefront space currently operating as a nail salon; Prime Old Town location just off Division St; High‑density, high‑traffic area
