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    1608-1620 N Wells St Chicago, IL 60654

    For Lease
    Contact for pricing

    Retail space in the heart of Old Town, Chicago.

    Property size:
    8,415 SF
    Lot size:
    0.85 Acres

    Property Features for 1608-1620 N Wells St

    General Information

    Size
    8,415 SF
    Lot size
    0.85 Acres

    Source: CBRE | Chicago Agent Danny Jacobson

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

    Overview

    Prime Retail Space in Chicago

    This retail space, encompassing 8,415 square feet, is situated on a heavily trafficked corner at Wells and North in the heart of Old Town. The location is within walking distance of the CTA brown/purple Sedgwick stop. Pipers Alley features new retail tenants including AT&T and a Bank of America ATM. The property includes a restaurant space occupied by Roots pizza, which features Old Town’s first rooftop bar.
    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
    -87.634787
    Latitude
    41.911373

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    FAQs

    What type of property is this?
    Retail space - Retail space in the heart of Old Town, Chicago.
    Where is this retail space located?
    The property is located at 1608-1620 N Wells St Chicago, IL.
    What are key features of this property?
    This property features: - Heavily trafficked corner at Wells and North - the heart of Old Town.; - Walking distance to the CTA brown/purple Sedgwick stop.; - Pipers Alley location with new retail tenants: AT&T, Bank of America ATM, and Roots Pizza.
    (312) 935-1901
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    1608-1620 N Wells St Chicago, IL 60654
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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
    1608-1620 N Wells St Chicago, IL 60654
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