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    1143-1155 N Wells St Chicago, IL 60610

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    For Sale
    $449,000

    Commercial condo in high-traffic area, ideal for small business.

    Property size:
    2,555 SF
    Lot size:
    0.34 Acres

    Property Features for 1143-1155 N Wells St

    General Information

    Size
    2,555 SF
    Lot size
    0.34 Acres

    Source: Jameson Commercial Agent Art Collazo

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

    Overview

    Prime Old Town Retail Space

    Located just off Division Street in Old Town, this commercial condo retail space is currently operating as a nail salon. The property is suitable for a new salon owner or could be transformed into a new business. Situated in a high-density, high-traffic area, the location benefits from its proximity to the Red Line train stop, which is one block east. The property offers approximately 2555 square feet of space, making it a suitable spot for a small business.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6341422
    Latitude
    41.9035738

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    FAQs

    What type of property is this?
    Retail space - Commercial condo in high-traffic area, ideal for small business.
    Where is this retail space 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: - Prime Old Town location just off Division St.; - High-density, high-traffic area ensures visibility and customer flow.; - Red Line train stop is conveniently located one block east.
    (312) 216-8000
    Request Owner's contact information
    1143-1155 N Wells St Chicago, IL 60610
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    Chicago, IL 60610
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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
    1143-1155 N Wells St Chicago, IL 60610
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