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Retail Space in Old Town
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1233 North Wells Street, Chicago, IL 60610

Retail space on Wells Street with high pedestrian traffic.

Space SizeContact for details
Days on Market182

Property Features for 1233 North Wells Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Dick Spinell
Source: Midamericagrp
Added: Mar 7 Changed: Sep 4 Last Checked: Sep 5 at 5:07AM

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 Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

This retail space is located on Wells Street in the heart of Old Town. The location benefits from heavy pedestrian traffic.

Key Highlights

  • Prime location on Wells Street in Old Town.
  • High pedestrian traffic.

Property Analytics

Current Use

Retail space

Suggested Use

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

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

7,784
Businesses Nearby
149k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Groceries 26% Shops & Services 21% Apparel 12%
Jewel-Osco Groceries
38,261 visits/mo 0.3 miles
Shell Shops & Services
16,063 visits/mo 0.4 miles
McDonald's Dining
11,226 visits/mo 0.4 miles
Pizanos Pizza Dining
9,491 visits/mo 0.5 miles
Velvet Taco Dining
7,917 visits/mo 0.3 miles

Demographics for 60610, IL

43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,516 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?
Retail space - Retail space on Wells Street with high pedestrian traffic.
Where is this retail space located?
The property is located at 1233 North Wells Street Chicago, IL.
What are key features of this property?
This property features: Prime location on Wells Street in Old Town.; High pedestrian traffic.
More about this property
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