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    Property profile & analytics

    507 Wells St Chicago, IL 60654

    • Retail properties
    • 5,705 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Eyelash Extensions River North / Beauty Salon
    • Diva Gurls / Jeweler
    • Lucy Portillo Hairstylist / Hair Salon / Hair Extension Technician
    • Chicago Mobile Massage / Massage Therapist / Alternative Medicine Practitioner
    • Parto Naderi Creation De Beaute / Hair Salon / Beauty Salon

    Property Details for 507 Wells St

    Property size
    5,705 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6341
    Latitude
    41.891

    Comparable in this City

    • Value Estimation by Request
      1,678 SF

      416 Clark St

      Individual retail properties • 1,678 SF
      416 Clark St, Chicago, IL 60654
      View Details
    • Value Estimation by Request
      5,365 SF

      700 La Salle Dr

      Individual retail properties • 5,365 SF
      700 La Salle Dr, Chicago, IL 60654
      View Details
    • Value Estimation by Request
      13,434 SF

      755 Wells St

      Individual retail properties • 13,434 SF
      755 Wells St, Chicago, IL 60654
      View Details
    • Value Estimation by Request
      4,300 SF

      412 State St

      STORE, RETAIL OUTLET • 4,300 SF
      412 State St, Chicago, IL 60654-5608
      View Details
    • Value Estimation by Request
      3,000 SF

      306 Chicago Ave, Unit 22

      STORE, RETAIL OUTLET • 3,000 SF
      306 Chicago Ave, Chicago, IL 60654-5106
      View Details
    • Value Estimation by Request
      3,200 SF

      118 Grand Ave

      STORE, RETAIL OUTLET • 3,200 SF
      118 Grand Ave, Chicago, IL 60654-5206
      View Details

    Similar Nearby for Sale

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      River North Corner Retail Opportunity

      Cash flowing retail property with future development potential in Chicago.
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      River North Restaurant & Nightclub

      Prime Chicago location, lucrative business.
      324 Chicago Ave, Chicago, IL 60654
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    • $5,695,000
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      River North Mixed-Use Opportunity

      Chicago's River North: 23,500 SF, Value-Add
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    Similar Nearby for Lease

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      1,915 SF

      Retail Space in Printer's Row

      Retail space available in Chicago's Printer's Row neighborhood.
      640-642 S Clark St, Chicago, IL 60654
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    • $30 SF/Yr
      2,024 SF

      River North Retail Space Available

      First floor retail space in River North for lease.
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      3,015 SF

      Lincoln Park Retail Space Available

      3,015 SF retail space in high-traffic Lincoln Park location.
      2417 N Clark St, Chicago, IL 60654
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    • $33 SF/Yr

      Bi-Level Retail Space in River North

      Exceptional bi-level retail space in a vibrant Chicago neighborhood.
      507 N Wells St, Chicago, IL 60654
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      1,440 SF

      Retail Space in Old Town

      Retail spaces available in the heart of Old Town.
      1700-1718 N Wells St, Chicago, IL 60654
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    • $32 SF/Yr
      3,250 SF

      Lakeview East Retail Space Available

      Prime retail space with high visibility in Lakeview East.
      3317-3323 N Clark St, Chicago, IL 60654
      View Details
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    507 Wells St
    Chicago, IL 60654
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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
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