504-512 Wells StChicago, IL 60654

For Lease
Call for price

Restaurant space, 3 suites available, 2015 renovation.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail property, located at 504-512 North Wells Street in Chicago, Illinois, offers 14,270 square feet of versatile space currently available for lease. The building, completely renovated in 2015, is zoned Dx-5 (Downtown Mixed-Use) and features three separate suites, ideal for multiple tenants or a single large occupant. Individual suites range from a minimum of 2,290 square feet to a maximum contiguous space of 9,111 square feet, providing flexibility for various business needs. The entire 14,270 square feet is currently vacant, presenting a unique opportunity for a significant presence in Chicago's vibrant downtown area. Conveniently located in Cook County (APN 17-09-244-012-0000) and boasting a prime address in the 60654 zip code, this property benefits from excellent visibility and accessibility. The building is equipped with elevators, enhancing functionality and accessibility for both tenants and customers. This is a rare opportunity to secure a substantial, well-maintained retail space in a highly desirable Chicago location. The property's previous use as a restaurant makes it particularly well-suited for similar ventures, but its adaptability allows for a wide range of potential uses within the permitted zoning.

Highlights

  • Trophy asset building for sale in Chicago's River North neighborhood.
  • 14,270 square foot building currently occupied by Le Select restaurant under a long-term net lease.
  • Building features a lower level of 2,290 SF, a first floor of 9,111 SF, and a second floor of 2,869 SF.
  • Price is subject to offer.
  • Property PIN: 17-09-244-012-0000.
  • Over $7 million in recent capital expenditures on a complete gut renovation in 2022.

Property Details for 504-512 Wells St

Property type
Other retail properties, Restaurants
RSF (Rentable sq. ft)
14,270 SF
Year Renovated
2015

Unit(s) available at that property

Space
First Floor
Size
9,111 SF
Space
Second Floor
Size
2,869 SF
Space
Lower level
Size
2,290 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8911023
Longitude
-87.6344475
504-512 Wells St, Chicago, Illinois

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504-512 Wells St
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