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    OFF-MARKET
    Retail properties & Spaces

    431 Wells St, Chicago, IL 60654

    18,840 SF Built 1910
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1910
    Total area 18,840 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pink Taco Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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