720 Wells St, Chicago, IL 60607
This exceptional 5,643 sq. ft. retail space at 720 S Wells St, Chicago, IL, is the last available unit in a vibrant South Loop location. Situated in Cook County, within the PD-1298 zoning district, this multi-tenant property offers a blank canvas for a diverse range of businesses. The space is highly adaptable and may be subdivided to suit specific needs. Key features include significant outdoor patio space and high interior ceilings, creating a unique and attractive environment for potential tenants. Ideal uses include, but are not limited to: upscale restaurants, sports bars, fitness centers, specialty grocery stores, day spas, wellness centers, high-end coffee shops, pet services, medical spas, dental clinics, and co-working spaces. The property's prime location in the densely populated South Loop ensures high visibility and foot traffic, presenting a compelling opportunity for a successful business venture. The address is 720 S Wells St, Chicago, IL 60607.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.