Property profile

504-512 Wells St Chicago, IL 60654

OFF-MARKET
Retail properties & Spaces
14,270 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 14,270 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

504-512 Wells St Chicago, IL 60654
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 504-512 Wells St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message