503-507 N Wells St
Chicago, IL 60654 River North

• Unit Size: 5,705 SF
• Condo Use: Retail
• Price: $1,200,000 USD
• Sale Type: Owner User
• Price/SF: $210.34 USD

Description

5,705 square foot bi-level retail space

Sale Notes

Offered for Sale or For Lease: This exceptional 5,705 square foot bi-level retail space is now available on the sought-after east block of Wells Street, nestled between Grand and Illinois. Boasting a prominent 25 feet of frontage along bustling Wells Street, this property offers unparalleled visibility in one of Chicago's most vibrant neighborhoods. 

Location Highlights:
River North is a dynamic neighborhood known for its vibrant mix of art galleries, upscale restaurants, luxury design showrooms, and a thriving nightlife scene. It's an area where innovation meets tradition, making it a hotspot for both locals and tourists. The property is located in the heart of the furniture and design district, with immediate neighbors including renowned brands such as Ligne Roset, Mig and Tig, Mobili Mobil, and Roche Bobois. Just a short walk away is the iconic Merchandise Mart, a major hub for interior design and business in Chicago.

Accessibility:
This retail space benefits from exceptional accessibility, with proximity to both the Red and Brown ‘L’ lines, ensuring a steady flow of foot traffic from the 12.8 million riders who use these transit lines annually. This strategic location places your business in the midst of a dense urban environment, surrounded by a vibrant community of 74,348 residents and a workforce of 128,478 employees within a one-mile radius. The average household income in the area stands at an impressive $106,658, reflecting the affluence of the neighborhood.

Property Features:
Versatile Space: The lower level features high ceilings, providing a spacious and flexible environment suitable for a variety of retail or service uses. Previously configured as a medical spa, the space is equipped with multiple bathrooms, water throughout, and turnkey capabilities for a hair/nail salon.
Rare Opportunity: Retail spaces on this end of Wells Street are rarely available, making this an exceptional opportunity to establish a presence in a thriving and upscale neighborhood.
High-End Neighbors: Benefit from proximity to prestigious co-tenants including Le Select, Duxiana, Gene & Georgetti’s, Poliform, Lou Malnati’s, Jaleo, and Roka Akor, among others. This is a prime location that places your business in the company of established and respected brands.
Whether you're looking to open a flagship store, a high-end salon, Restaurant, or a unique boutique, this space offers the perfect blend of location, visibility, and flexibility. Don't miss your chance to secure a spot in one of Chicago’s most desirable retail corridors.