603 Wells StChicago, IL 60654

For Sale
$3,650,000

Prime River North location, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity in Chicago's vibrant River North neighborhood, this mixed-use property boasts an unparalleled location near the Gold Coast. The property comprises two connected buildings situated on two recorded lots, totaling 56x110 feet. One building features a striking greystone facade, housing four apartments on the upper floors. The main level encompasses a restaurant space (currently Bar Cargo), seamlessly integrated with an indoor atrium and a charming back patio atrium. The first floor, originally a garage, has undergone significant renovations and improvements. Currently, the apartments are fully leased, with the restaurant space utilized for storage and office purposes by the tenant. The tenant pays approximately $27,000 per month, covering all utilities and a portion of the property taxes. The property is 100% occupied. For detailed financial information, a non-disclosure agreement is required. This is a rare opportunity to acquire a fully leased, high-performing mixed-use asset in one of Chicago's most desirable locations. The address is 603 N Wells St, Chicago, IL 60654.

Highlights

  • Exceptional River North location, near the Gold Coast.
  • Mixed-use property on two combined lots (56x110 feet), featuring two connected buildings.
  • One building boasts a greystone facade with four upper-floor apartments, currently fully leased.
  • Main level includes a restaurant space (Bar Cargo), an indoor atrium, and a back patio atrium.
  • Former garage space on the first floor has been significantly renovated.
  • Tenant pays approximately $27,000 per month, covering all utilities and partial property taxes.

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.892620558642
Longitude
-87.633878921917
603 Wells St, Chicago, Illinois

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603 Wells St
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