431 Wells St, Chicago, IL 60654
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.
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Pink Taco Restaurant
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.