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    1650 N Wells St Chicago, IL 60614

    For Lease
    $32 SF/Yr

    3,300 SF fitness studio in Old Town/Lincoln Park.

    Lot size:
    0.12 Acres

    Property Features for 1650 N Wells St

    General Information

    Standard status
    Active
    Lot size
    0.12 Acres

    Building Details

    Year built
    1978

    Source: SPERRY VAN NESS Agent WAYNE CAPLAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Chicago Location Fitness Studio

    This commercial space is located in the heart of Chicago's Old Town / Lincoln Park neighborhoods, steps from Piper's Alley and the corner of North Avenue and Wells Street. The available space is a 3,300 SF second-generation fitness studio with a substantial build-out, including bathrooms, showers, and extra storage spaces, as well as distribution of HVAC and utilities. The space can be adapted to fit a wide range of uses and sizes, ranging from 1,300 SF and up. This location is suitable for a medical or dental office, apparel store, service provider, fitness center, or general retail. The retail or office space is immediately available for lease and offers a signage opportunity.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    oneBody Studio, Body One, Gary Watson Fitness, Todd Rhoades, Energy Fitness, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6351103
    Latitude
    41.9124583

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    FAQs

    What type of property is this?
    Fitness center & gym - 3,300 SF fitness studio in Old Town/Lincoln Park.
    Where is this fitness center & gym located?
    The property is located at 1650 N Wells St Chicago, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Town / Lincoln Park, near North Avenue and Wells Street.; - 3,300 SF second-generation fitness studio with existing build-out.; - Adaptable space suitable for various uses: medical/dental, retail, service provider, fitness.
    (312) 676-1866
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    1650 N Wells St Chicago, IL 60614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1650 N Wells St Chicago, IL 60614
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