1143-1155 N Wells St, Chicago, IL
Commercial condo in high-traffic area, ideal for small business.
- Added:
- Mar 20, 2025
- Days on Market:
- 449
- Last Refresh:
- May 19 at 8:26 pm
Property Features for 1143-1155 N Wells St
General Information
- Standard status
- Active
- Size
- 2,555 SF
- Lot size
- 0.34 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1143-1155 N Wells St Contact us
Listing agent Art Collazo License #475128970
Listing office Jameson Commercial (312) 216-8000
Listing date Mar 20, 2025
Source Moodyscre
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
HighLights
- 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.
- Ideal for a new salon owner due to current nail salon setup.
- Suitable for transforming into a new business venture.
- Commercial condo offers ownership opportunity.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6341
- Latitude
- 41.9036
