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Old Town Retail Space Available
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1140 North Wells Street, Chicago, IL 60610

Prime retail space in Old Town Park development for lease.

Property Size10,210 SF
Days on Market250

Property Features for 1140 North Wells Street

General Information

Standard status Active
Size 10,210 SF
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Danny Jacobson
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Jul 30 at 2:38AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This 2,544 square-foot retail space is located within the third residential tower of the Old Town Park development, which features over 1,500 residential units on site. In addition to the residential component, the development includes 70,114 square feet of office space. The property benefits from excellent signage opportunities and dramatic ceiling heights exceeding 13 feet 2 inches. Situated along the heavily trafficked Wells Corridor, at the northwest corner of Wells and Hill, the location provides convenient access to the Gold Coast, River North, Old Town, River West, Wicker Park, and Bucktown neighborhoods. Neighboring retailers include Jewel-Osco, Target, Mariano’s, Plum Market, SoulCycle, Starbucks, Panera, Dick’s Sporting Goods, Happy Camper, and AT&T. The space is suitable for restaurants, fitness centers, service providers, medical offices, and a wide variety of other retail tenants. The space is available immediately. There are two retail spaces remaining; one in Phase 2 and one in Phase 3.

Key Highlights

  • Located in the heart of the Old Town neighborhood along the heavily trafficked Wells Corridor.
  • Convenient access to multiple North Side neighborhoods.
  • Dramatic ceiling heights over 13'-2".

Property Analytics

Current Use

LEVEL Chicago - Old ... Hotel & Motel Dog Trainer Animal Training WeTRAIN.com: Dog Training Animal Training WSC Tech Consulting (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Nursing Home (Bike/Boat/Book/etc) Store Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,564
Businesses Nearby
223k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 40% Dining 26% Groceries 17% Shops & Services 9%
Target Superstores
88,186 visits/mo 0.4 miles
Jewel-Osco Groceries
38,261 visits/mo 0.2 miles
Starbucks Dining
14,037 visits/mo 0.4 miles
Pizanos Pizza Dining
9,491 visits/mo 0.5 miles
Velvet Taco Dining
7,917 visits/mo 0.4 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

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 Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail space in Old Town Park development for lease.
Where is this retail space located?
The property is located at 1140 North Wells Street Chicago, IL.
What are key features of this property?
This property features: Located in the heart of the Old Town neighborhood along the heavily trafficked Wells Corridor.; Convenient access to multiple North Side neighborhoods.; Dramatic ceiling heights over 13'-2".
More about this property
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