431 Wells St Chicago, IL 60654
- Retail properties
- 18,840 SF
Current Use by Public Records
- Pink Taco / Mexican Restaurant
Property Details for 431 Wells St
- Year built
- 1910
- Property size
- 18,840 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 9,570-square-foot restaurant space, located at 431 N Wells St (cross street Hubbard), in Chicago's vibrant River North submarket, presents a unique opportunity. Previously housing Solita Tacos & Margaritas, this turnkey establishment is ready for immediate occupancy. Situated within a larger five-story, Class B building (18,840 total square feet) constructed in 1910 and extensively renovated in 2017, the space encompasses three levels: basement, first, and second floors. A fully equipped kitchen is included, streamlining the transition for a new operator. The property is zoned DX-5 in Cook County, Illinois, and benefits from the high foot traffic and visibility characteristic of River North. While on-site parking is not available, the location's accessibility and proximity to public transportation mitigate this. The lease offers the attractive option of outdoor sidewalk seating, enhancing the dining experience. This single-tenant retail space provides a seamless entry point for a restaurant concept seeking a well-established, high-demand location. The address is 431 N Wells St, Chicago, IL 60654.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.634
- Latitude
- 41.8901
