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    411 Wells St Chicago, IL 60607

    Sponsored
    For Lease
    $12 SF/Yr

    Chicago Office Suites: Prime Location, Multiple Sizes

    Lot size:
    13,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Dixon Building, located at 411 S Wells St, Chicago, IL 60607, offers exceptional office space for lease. This well-maintained building, constructed in 1908 and renovated in 1983, provides a variety of office suite options ranging from 1,304 to 4,365 square feet, suitable for traditional, executive, medical, or creative office uses. The building features secure key card access and multiple security cameras for enhanced safety. On-site maintenance and management are provided by the owner. Two elevator cabs ensure convenient access to all floors. The building enjoys a highly desirable location, just half a block north of Ida B. Wells Drive (Congress Parkway), providing easy access to the I-290 & I-90 interchange. Street parking is generally available. Public transportation is readily accessible, with the LaSalle/Van Buren "L" train station (Brown, Orange, Pink, and Purple Lines) one block east. The building's proximity to major landmarks, including the Chicago Board of Trade Building, the Federal Reserve Bank of Chicago, and Willis Tower (all within 1.5 blocks), adds to its appeal. A wide array of restaurants, including Chipotle, Qdoba, and many others, are located within a two-block radius, offering convenient dining options for tenants and their clients. This is a fantastic opportunity to secure prime office space in a vibrant and convenient Chicago location.

    Property Features for 411 Wells St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,095 SF

    Building Details

    Year Built/Renovated
    1908/1983

    Unit(s) available at that property

    Space
    12th Floor
    Size
    4,365 SF
    Rate per SF
    $19
    Space
    7th Floor - F
    Size
    3,061 SF
    Rate per SF
    $19
    Space
    7th floor - R
    Size
    1,304 SF
    Rate per SF
    $19
    Space
    600
    Size
    4,365 SF
    Rate per SF
    $12

    HighLights

    • One block from the LaSalle/Van Buren CTA station (Brown, Orange, Pink, and Purple lines).
    • Owner‑occupied and managed.
    • Exceptional city views.
    Property Profile Location Intelligence

    Current Use by Public Records

    ServiceMaster of Chicago Commercial Cleaning Service Interfaith Housing Development ... Housing Development O'Neil's on Wells Bar Camiros, Ltd. Urban Planning Department

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6334045
    Latitude
    41.8763894

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    FAQs

    What type of property is this?
    Office space - Chicago Office Suites: Prime Location, Multiple Sizes
    Where is this office space located?
    The property is located at 411 Wells St Chicago, IL.
    What is the lease rate?
    The lease rate is $12-$19 SF/Yr.
    What are key features of this property?
    This property features: One block from the LaSalle/Van Buren CTA station (Brown, Orange, Pink, and Purple lines).; Owner-occupied and managed.; Exceptional city views.
    Request Owner's contact information
    411 Wells St Chicago, IL 60607
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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
    411 Wells St Chicago, IL 60607
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