603 Wells StChicago, IL 60654
Prime River North location, high NOI, fully leased.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Exceptional River North location, near Gold Coast.
- Mixed-use property consisting of two connected buildings on two lots totaling 6,160 square feet (56x110).
- One building features a Greystone facade with four apartments and a ground-floor restaurant (Bar Cargo) with an indoor atrium and patio.
- Second building, a renovated former garage, provides additional space.
- Fully leased with a strong tenant paying approximately $27,000 annually, plus all utilities and partial property taxes. Class A building, NN+ lease.
- 0.74% cap rate and $27,000 NOI. DX zoning, three stories. Further financial details available upon NDA.
Property Details for 603 Wells St
- Property type
- Other mixed-use properties, Mixed-use properties
- Class
- A
- Buildings
- 2
- Stories
- 3
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.8925871
- Longitude
- -87.633876
Nearby Similar for Sale
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