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501 S Wells St 15,000 SF Vacant Retail Building Chicago, IL 60607 $2,750,000 ($183.33/SF)
Investment Highlights
- Prime location at the gateway to Chicago’s downtown
- Ground-floor restaurant space with FF&E included
- 200 dedicated parking spaces enhancing tenant convenience
- 100 feet of frontage along Congress Parkway for maximum visibility
- Zoned DX-12 offering flexible redevelopment options
Executive Summary
6 story building w/ restaurant with all FFE. full basement. Put your brand on the wall. gateway to the city
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,000 SF
Building Class
C
Year Built
1920
Price
$2,750,000
Price Per SF
$183.33
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Building FAR
4.58
Lot Size
0.08 AC
Zoning
DX-12 - Downtown Mixed-Use District
Parking
200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-16-241-009-0000 | Improvements Assessment | $264,828 |
| Land Assessment | $265,125 | Total Assessment | $529,953 |
Property Taxes
Parcel Number
17-16-241-009-0000
Land Assessment
$265,125
Improvements Assessment
$264,828
Total Assessment
$529,953
Contacts
-
Peter Cacciatore -
Anthony Cacciatore -
Darren Pulliam -
Jos. Cacciatore & Co. Real Estate
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501 S Wells St
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