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    1541 N Wells St Chicago, IL 60610

    For Lease
    $62 SF/Yr

    Retail property available for lease in a desirable location.

    Property Features for 1541 N Wells St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1911

    Source: @PROPERTIES COMMERCIAL Agent GRAHAM MITCHELL

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

    Overview

    Prime Retail Space Available

    This property is suitable for retail and automotive businesses, as well as parking lots and garages. It is located at 1541 N Wells Street, Chicago, IL 60610.
    Location Intelligence

    Current Use by Public Records

    St Agnes Med ... Social Services Organization Kennedy Forum Illinois Non-Profit Organization

    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.

    Similar Places Nearby

    Getaround, Hollywood Limousine Ltd, Medical Imaging Resources, Renowned Rentals, Hertz Car Rental - Chicago - Westin Hle HLE

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6342251
    Latitude
    41.9103553

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    FAQs

    What type of property is this?
    Parking lot & garage - Retail property available for lease in a desirable location.
    Where is this parking lot & garage located?
    The property is located at 1541 N Wells St Chicago, IL.
    What is the lease rate?
    The lease rate is $62 SF/Yr.
    What are key features of this property?
    This property features: - Desirable location; - Retail property available for lease; - Year Built: 1911
    (312) 506-0200
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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
    1541 N Wells St Chicago, IL 60610
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