Street-Level Retail
New
For Lease
$35 SF/Yr
501 N Wells Street #EC, Chicago, IL 60654
Boutique commercial space with direct Illinois Street access and flexible retail or office use.
Property Size600 SF
Days on Market5
Property Features for 501 N Wells Street #EC
General Information
Standard status
Active
Size
600 SF
Net Rentable
600 SF
Property subtype
Commercial
Space & Availability
Available Space
600 SF
Contiguous Space
600 SF
Floor
Ground
Space Use
Office
Site & Location
Road Access
Yes
Public Transit
Yes
Amenities
Central air
Central Individual Cooling
Building Details
Year Built
1950
Listing Agency:
JAMESON SOTHEBY'S INTL REALTY
(312) 751-0300
Listed By:
BRANT BOOKER
Source:
Corcoran
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:34PM
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 JAMESON SOTHEBY'S INTL REALTY
Investment Insights
Based on property information with market context.
This 600-square-foot, street-level retail and office space offers an efficient boutique footprint at 501 N Wells Street, Suite EC. The space is suited to salon, studio, small office, design firm, or by-appointment retail uses, with direct Illinois Street access. The building was constructed in 1950.
Located in Chicago’s River North, the property is just off the Wells and Illinois Street intersection and is surrounded by restaurants, retail, and THE MART commercial and design center. Transit options include the nearby Grand Red Line, Merchandise Mart Brown and Purple Lines, multiple CTA bus routes, and Divvy stations. The setting supports both daytime and evening activity.
Located in Chicago’s River North, the property is just off the Wells and Illinois Street intersection and is surrounded by restaurants, retail, and THE MART commercial and design center. Transit options include the nearby Grand Red Line, Merchandise Mart Brown and Purple Lines, multiple CTA bus routes, and Divvy stations. The setting supports both daytime and evening activity.
Key Highlights
- 600 sf street‑level retail/office space
- Direct Illinois Street access near the Wells and Illinois intersection
- Flexible layout for salon, studio, small office, design firm, or by‑appointment retail
Property Analytics
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
35,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 60654, IL
23,890
Population
17,960
Households
1.3
Avg Household Size
34
Median Age
92%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
47,780
Density / Sq Mi
$144,831
Median Household Income
$106,856
Median Earnings
$2,571
Median Rent
$495,900
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
This space is priced 36% above the average of $25.71 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Boutique commercial space with direct Illinois Street access and flexible retail or office use.
Where is this retail space located?
The property is located at 501 N Wells Street #EC Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 600 sf street‑level retail/office space; Direct Illinois Street access near the Wells and Illinois intersection; Flexible layout for salon, studio, small office, design firm, or by‑appointment retail
