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Retail Space in Historic Mixed-Use Complex
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1350 N Wells St, Chicago, IL 60610

Retail suite within Cobbler Square, a historic mixed-use development formerly the Dr. Scholl’s shoe factory.

Property Size3,086 SF
Days on Market199

Property Features for 1350 N Wells St

General Information

Standard status Active
Size 3,086 SF
Property subtype RETAIL
Listing Agency: Canvas Real Estate
Listed By: Andrew Becker
Source: Moodyscre
Added: Jan 12 Changed: Jul 26 Last Checked: Jul 30 at 9:13AM

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.

This rental retail suite is part of Cobbler Square, a historic mixed-use commercial development. The building is rooted in its original use as the Dr. Scholl’s shoe factory, blending industrial character with modern design. The property was recently acquired by JDL, which has plans to renovate and reimagine the entire development.

The site is located at 1350 N Wells St in Chicago. According to the public remarks, this represents the first ownership change in 40+ years since Sam Zell originally converted the property in the mid-1980s. The available retail space totals 3,086 square feet.

As part of Cobbler Square, the suite offers an opportunity to lease retail space inside a property with both historic roots and planned improvements under new ownership.

Key Highlights

  • Retail suite within Cobbler Square, a historic mixed‑use development formerly the Dr. Scholl’s shoe factory
  • First ownership change in 40+ years since the property was converted in the mid 1980’s
  • Property recently acquired by JDL, with plans to renovate and reimagine the entire property

Property Analytics

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 Auto Parts Store Food Market 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

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

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

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 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 suite within Cobbler Square, a historic mixed-use development formerly the Dr. Scholl’s shoe factory.
Where is this retail space located?
The property is located at 1350 N Wells St Chicago, IL.
What are key features of this property?
This property features: Retail suite within Cobbler Square, a historic mixed‑use development formerly the Dr. Scholl’s shoe factory; First ownership change in 40+ years since the property was converted in the mid 1980’s; Property recently acquired by JDL, with plans to renovate and reimagine the entire property
(312) 231-2600 Call to check price and availability
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