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Cobbler Square Retail Opportunity
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1350 N Wells St, Chicago, IL

Premier Old Town mixed-use property with planned renovations.

Space Size1,653 SF - 4,000 SF
Lot Size3.17 Acres
Days on Market565

Property Features for 1350 N Wells St

General Information

Standard status Active
Size 1,653 SF - 4,000 SF
Lot size 3.17 Acres
Property subtype RETAIL

Spaces For Lease

at 1350 N Wells St Contact us

1350 - 1364 N Wells St AVAILABLE, Now

Floor 1
Size 1,653 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Cobbler Square has been known as one of the premier commercial developments in Old Town. - Originally the Dr. Scholl’s shoe factory, the mixed-use property blends industrial charm with modern design. The property was recently acquired by JDL, a premier real estate development firm in Chicago, with plans to renovate and reimagine the entire property. This is the first ownership change in 40+ years since Sam Zell originally converted the property in the mid 1980’s.
Contact us

1350 - 1364 N Wells St AVAILABLE, Now

Floor 1
Size 3,086 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Cobbler Square has been known as one of the premier commercial developments in Old Town. - Originally the Dr. Scholl’s shoe factory, the mixed-use property blends industrial charm with modern design. The property was recently acquired by JDL, a premier real estate development firm in Chicago, with plans to renovate and reimagine the entire property. This is the first ownership change in 40+ years since Sam Zell originally converted the property in the mid 1980’s.
Contact us

1350 - 1364 N Wells St AVAILABLE, Now

Floor 1
Size 4,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Cobbler Square has been known as one of the premier commercial developments in Old Town. - Originally the Dr. Scholl’s shoe factory, the mixed-use property blends industrial charm with modern design. The property was recently acquired by JDL, a premier real estate development firm in Chicago, with plans to renovate and reimagine the entire property. This is the first ownership change in 40+ years since Sam Zell originally converted the property in the mid 1980’s.
Contact us
Listing Agency: Canvas Real Estate
Listed By: Andrew Becker · License #475136554
Source: Moodyscre
Added: Mar 21, 2025 Changed: Oct 2 Last Checked: Oct 5 at 8:43PM

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

Cobbler Square is a commercial development located in Old Town. The mixed-use property, originally the Dr. Scholl’s shoe factory, combines industrial design with modern elements. The property, totaling 5631 square feet, was recently acquired by a real estate development firm with plans to renovate and reimagine the entire property.

Key Highlights

  • Premier commercial development in Old Town.
  • Mixed‑use property blending industrial charm with modern design.
  • Property was recently acquired by JDL, a premier real estate development firm in Chicago.

Property Analytics

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Current Use

Pure Barre Gym & Fitness Center Cobbler Square Lofts Apartment Building New Image Works ... Spa & Massage Center New Image Works Spa & Massage Center Insomnia Cookies (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Auto Parts Store Daycare Center Nursing Home Butcher

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

5,488
Businesses Nearby
216k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 41% Shops & Services 23% Groceries 18% Dining 17%
Target Superstores
88,186 visits/mo 0.5 miles
Jewel-Osco Groceries
38,261 visits/mo 0.2 miles
BP Shops & Services
17,846 visits/mo 0.4 miles
Shell Shops & Services
16,063 visits/mo 0.3 miles
McDonald's Dining
11,226 visits/mo 0.3 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$21 /SF/Yr
Avg Asking Price
$15–$30 /SF/Yr
Price Range
37,009 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?
Shopping center - Premier Old Town mixed-use property with planned renovations.
Where is this shopping center located?
The property is located at 1350 N Wells St Chicago, IL.
What are key features of this property?
This property features: Premier commercial development in Old Town.; Mixed‑use property blending industrial charm with modern design.; Property was recently acquired by JDL, a premier real estate development firm in Chicago.
(312) 231-2600 Call to check price and availability
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