504-512 Wells St, Chicago, IL 60654
This exceptional retail property, located at 504-512 North Wells Street in Chicago, Illinois, offers 14,270 square feet of versatile space currently available for lease. The building, completely renovated in 2015, is zoned Dx-5 (Downtown Mixed-Use) and features three separate suites, ideal for multiple tenants or a single large occupant. Individual suites range from a minimum of 2,290 square feet to a maximum contiguous space of 9,111 square feet, providing flexibility for various business needs. The entire 14,270 square feet is currently vacant, presenting a unique opportunity for a significant presence in Chicago's vibrant downtown area. Conveniently located in Cook County (APN 17-09-244-012-0000) and boasting a prime address in the 60654 zip code, this property benefits from excellent visibility and accessibility. The building is equipped with elevators, enhancing functionality and accessibility for both tenants and customers. This is a rare opportunity to secure a substantial, well-maintained retail space in a highly desirable Chicago location. The property's previous use as a restaurant makes it particularly well-suited for similar ventures, but its adaptability allows for a wide range of potential uses within the permitted zoning.
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
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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.