Property profile

1513 Wells St Chicago, IL 60610

OFF-MARKET
Retail properties & Spaces
1,446 SF
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Property summary

AI-generated overview

This exceptional 1,446-square-foot retail space is ideally situated in Chicago's vibrant Old Town neighborhood at 1513 N Wells St, zip code 60610, Cook County, Illinois. Currently configured as a salon, this single-tenant property offers tremendous flexibility for a variety of retail businesses. The B3-5 zoning allows for diverse commercial uses, making it an attractive opportunity for entrepreneurs seeking a high-traffic location. The property boasts excellent visibility on a busy stretch of Wells Street, ensuring significant foot traffic and exposure to potential customers. The entire 1,446 square feet is currently vacant and ready for immediate occupancy. Its location within Old Town provides access to a dense residential population and a thriving commercial district, creating a strong foundation for business success. The property's address is easily accessible and benefits from the area's robust infrastructure and public transportation options. This is a rare opportunity to secure a prime retail space in one of Chicago's most desirable neighborhoods. The property is ready for immediate occupancy and offers a blank canvas for a new business to thrive. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,446 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Spa & Massage Center Skin Care Clinic
  • Hair Salon
  • Gym & Fitness Center Alternative Medicine Practice
  • Hair Salon Nail Salon

Location

1513 Wells St Chicago, IL 60610
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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