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Multi-Tenant Retail Center

755 N Wells St, Chicago, IL 60654

For Sale
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Six operating tenants occupy a three-level mix of retail, medical, and service space, alongside rooftop billboard income.

Property Size13,434 SF
Price / SF$629
Days on Market32

Property Features for 755 N Wells St

General Information

Standard status Active
Size 13,434 SF
Property subtype Retail
Occupancy 88%
Net Operating Income $619,976

Financials

Asking Price $8,450,000
Cap Rate 7.34%

Site & Location

Neighborhood River North
Corner Location Yes
Mixed-Use Components retail, medical, service

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Building Details

Buildings 1
Stories 3
Tenancy Multi
Listing Agency: CBRE - Chicago
Listed By: Dominic Soltero · License #IL 475.153308
Source: Crexi
Added: Oct 9 Changed: Nov 8 Last Checked: Nov 8 at 3:42PM

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 CBRE - Chicago

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Investment Insights

Based on property information with market context.

At 755 N. Wells Street, this 13,434-square-foot retail center has six operating tenants across ground-floor retail, second-floor medical, and third-floor service space. Suite 202, a 1,628-square-foot second-floor space, is vacant. Rooftop billboard income supplements the tenant base, with the billboard agreement extending through April 2035 and providing annual escalations. The property is 87.88% occupied.

The building occupies a hard corner in Chicago’s River North neighborhood. Its tenant mix includes beauty, wellness, aesthetic medicine, personal care, and bridal and fine-jewelry businesses. The existing billboard agreement carries no tenant improvement, leasing commission, or operating-expense burden.

Key Highlights

  • 13,434‑square‑foot retail property with six operating tenants
  • Ground‑floor retail, second‑floor medical, and third‑floor service uses
  • 87.88% occupancy; Suite 202 offers 1,628 square feet on the second floor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Faiyaaz Kalimullah, M.D. Physician Dr. Kevin P. ... Physician goGLOW Tanning Salon Unique nail salon ... Hair Salon 161 N Clark ... Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Nursing Home Buffet Butcher Restaurant

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

87.9%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

22,257
Businesses Nearby
634k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 58% Apparel 24% Hotels & Casinos 11% Shops & Services 5%
Nordstrom Apparel
136,729 visits/mo 0.5 miles
Starbucks Dining
132,317 visits/mo 0.5 miles
McDonald's Dining
65,567 visits/mo 0.2 miles
McDonald's Dining
52,443 visits/mo 0.3 miles
Fogo de Chao Dining
28,749 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Shopping centers in Chicago

Jul
Aug
Sep
Oct

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?
Shopping center - Six operating tenants occupy a three-level mix of retail, medical, and service space, alongside rooftop billboard income.
Where is this shopping center located?
The property is located at 755 N Wells St Chicago, IL.
What is the asking price?
The asking price for this property is $8,450,000.
What are key features of this property?
This property features: 13,434‑square‑foot retail property with six operating tenants; Ground‑floor retail, second‑floor medical, and third‑floor service uses; 87.88% occupancy; Suite 202 offers 1,628 square feet on the second floor
(913) 909-9529 Call to check price and availability
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