Property profile

1342 Wells St Chicago, IL 60610

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located at 1342 N. Wells St, Chicago, IL, 60610, in Cook County. The property is a single-tenant space encompassing 1,653 square feet, ideally situated at the corner of North Wells Street and West Evergreen Avenue. Its PD-301 zoning designation allows for a variety of uses. The building benefits from abundant natural light due to its corner location and features a sizable patio area suitable for outdoor dining, presenting potential for expansion. The property's strategic location offers easy access to a nearby recreational park, providing a readily available customer base of local residents. This offering includes a lease assignment and the sale of existing assets. The property's high visibility on a busy street within a thriving dining and entertainment district makes it an attractive investment for a discerning restaurateur. Further details are available upon request. The property's address is verified as 1342 N Wells St, Chicago, Illinois.

Property profile

Verified
Property type Restaurants

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
  • Restaurant

Location

1342 Wells St Chicago, IL 60610
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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