501 Wells St Chicago, IL 60607
- Retail properties
Current Use by Public Records
- Tuk Tuk Chicago / Transportation Service
- O'Brien Harris, LLC / Interior Designer / Cabinet Maker
Property Details for 501 Wells St
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional six-story mixed-use building at 501 S Wells St, Chicago, IL 60607, presents a unique investment opportunity. Currently configured as an apartment building, bar, and restaurant, this property offers significant potential for a variety of uses. The asking price is $2,750,000. Located in Cook County, this property boasts a prime location, offering excellent visibility and accessibility. The building's permitted zoning is DX-12, allowing for diverse operational possibilities. The building's multi-faceted nature caters to a broad range of business ventures, from hospitality to retail. Its strategic position provides a high-traffic location, making it an attractive proposition for businesses seeking maximum exposure. The building's six stories provide ample space for expansion and customization to suit individual business needs. This property represents a rare chance to acquire a well-situated, multi-use building in a vibrant and dynamic area of Chicago. The building's existing configuration as an apartment building, bar, and restaurant provides a solid foundation for future development and growth. The property's location offers significant marketing advantages, with potential for high visibility and brand recognition. This is an exceptional opportunity for investors seeking a high-return investment in a prime Chicago location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6337
- Latitude
- 41.8757
