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    1419 N Wells St Chicago, IL 60610

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    For Lease
    Contact for pricing

    Retail and restaurant spaces with outdoor seating in Old Town.

    Property size:
    4,000 SF
    Lot size:
    0.22 Acres

    Property Features for 1419 N Wells St

    General Information

    Size
    4,000 SF
    Lot size
    0.22 Acres

    Source: Canvas Real Estate Agent Elan Rasansky

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

    Overview

    Old Town Retail/Restaurant Space

    Available for lease are 5,400 square feet of ground floor retail space and 6,500 square feet of existing restaurant space. The property features outdoor patio seating in three different locations: along Wells Street, along the northern building elevation, and in the rear of the property, which can encapsulate a 6,000 square foot outdoor courtyard. The property is located in the heart of Old Town, immediately adjacent to Old Town Pour House and within the same property as Jeni's Splendid Ice Creams.
    Location Intelligence

    Current Use by Public Records

    Studio Lagree Physical Fitness Program Jeni's Splendid Ice ... Ice Cream Shop Old Town Pour ... American Restaurant Chicago Center-Performing Arts Performing Arts Theater AirGarage | Public Parking Parking Lot

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6341633
    Latitude
    41.9081921

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    FAQs

    What type of property is this?
    Retail space - Retail and restaurant spaces with outdoor seating in Old Town.
    Where is this retail space located?
    The property is located at 1419 N Wells St Chicago, IL.
    What are key features of this property?
    This property features: - Prime Old Town Location: Enjoy high visibility and foot traffic in the heart of Old Town.; - Substantial Retail/Restaurant Space: Features **5,400 sq ft of retail space and 6,500 sq ft of existing restaurant space.**; - Extensive Outdoor Seating Options: Benefit from **three distinct patio locations, including a potential 6,000 sq ft courtyard.**
    (773) 887-8212
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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
    1419 N Wells St Chicago, IL 60610
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