Property profile

1147 Wells St Chicago, IL 60610

OFF-MARKET
Retail properties & Spaces
2,555 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,555 square foot retail condo is ideally situated in Chicago's vibrant Old Town neighborhood, just off Division Street. Currently operating as a nail salon, this space presents a fantastic opportunity for a new salon owner or a business seeking a high-visibility location. The property is a commercial condo, offering the benefits of ownership. Its prime location within a high-density, high-traffic area ensures significant foot traffic and exposure. The convenience of the Red Line train station just one block east further enhances accessibility for customers and employees. The address is 1147 N Wells St, Chicago, IL 60610, in Cook County. This property boasts a strategic position to capitalize on the bustling activity of Old Town. The asking price for this turnkey opportunity is $449,000. Serious inquiries only; please respect the privacy of the current tenant. This is a rare chance to acquire a thriving retail space in a highly desirable Chicago location. The property's size and location make it suitable for a variety of retail uses. The building is well-maintained and situated in a thriving commercial corridor. This is an excellent investment opportunity for those seeking a strong return in a prime Chicago location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,555 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
  • Nail Salon

Location

1147 Wells St Chicago, IL 60610
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 1147 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