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601 N Wells St 2,800 SF of Retail Space Available in Chicago, IL 60654
HIGHLIGHTS
- Prime Location in River North: Situated in the heart of Downtown Chicago's vibrant River North neighborhood, known for its high foot traffic
- High Traffic Volume: Benefits from a substantial daily traffic count of 31,113 (based on 2023 data for Ohio St. and Wells St.)
- Dominant Consumer Segments: The area is predominantly inhabited by Metro Renters, Uptown Individuals, and Laptops & Lattes lifestyle groups.
- DX-5 Zoning: Offers a wide range of permissible uses, providing flexibility for various retail concepts.
- Affluent Demographics: Surrounded by a high-income residential area, with an average household income exceeding $135k.
- Connectivity and Accessibility: Excellent accessibility via public transportation, taxis, walking, and biking, ensuring constant foot traffic.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,800 SF | Negotiable | $50.00 /SF/YR $4.17 /SF/MO $140,000 /YR $11,667 /MO | Triple Net (NNN) |
1st Floor
Prime Retail Opportunity at 601 N. Wells St., River North, Chicago Nestled in the heart of Chicago's dynamic and affluent River North district, the retail space at 601 N. Wells St. presents a rare leasing opportunity. This freestanding property, offering 2,500 square feet of versatile retail space, combines historic charm with modern amenities following a comprehensive renovation in 2020. Location and Lifestyle Strategically positioned at the crossroads of W. Ohio St. and N. Wells St., this property benefits from an impressive daily traffic count of 31,113 vehicles and is enveloped by an affluent demographic with an average household income of $142,393 within a 3-mile radius. River North is a cultural and lifestyle hub, known for its upscale dining, vibrant nightlife, and a community that values fitness, organic foods, and the arts. This makes 601 N. Wells St. an ideal location for businesses aiming to thrive in a lively urban environment. Retail Space Features - Size and Structure: A total of 2,500 SF available, with a flexible floor plan (1,750 SF on the 1st floor and 750 SF on the 2nd floor), allowing for a range of retail configurations. - Economic and Demographic Strength: Surrounded by a dense, high-income population and significant consumer spending power ($7.9 billion within 3 miles). - Zoning Flexibility: DX-5 zoning permits a variety of uses, from traditional retail to innovative service concepts, supporting a vibrant mix of commercial activities. - Visibility and Accessibility: Exceptional visibility due to high traffic volumes, enhanced by excellent accessibility via public transportation, walking, and biking paths. Connectivity and Community River North is a testament to Chicago's ability to blend urban living with luxury. The neighborhood's proximity to the Magnificent Mile, bordered by the Chicago River, positions 601 N. Wells St. as a gateway to one of the city's most sought-after districts. This area is not just a place to do business but a place to become a part of Chicago's thriving community fabric. A Unique Opportunity This offering is more than just a retail space; it's a chance to be at the heart of Chicago's economic and cultural activity. Ideal for brands and businesses aiming to establish or expand their presence in a high-growth area, 601 N. Wells St. promises visibility, flexibility, and connectivity. Seize the opportunity to make a mark in River North, where commerce meets community, and tradition meets innovation.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
- Kitchen
- Private Restrooms
- Corner Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,800 SF | Gross Leasable Area | 2,800 SF |
| Property Type | Retail | Year Built/Renovated | 1888/2020 |
| Property Subtype | Freestanding | Parking Ratio | 1.43/1,000 SF |
| Total Space Available | 2,800 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,800 SF |
| Year Built/Renovated | 1888/2020 |
| Parking Ratio | 1.43/1,000 SF |
ABOUT THE PROPERTY
Prime Retail Opportunity at 601 N. Wells St., River North, Chicago Nestled in the heart of Chicago's dynamic and affluent River North district, the retail space at 601 N. Wells St. presents a rare leasing opportunity. This freestanding property, offering 2,800 square feet of versatile retail space, combines historic charm with modern amenities following a comprehensive renovation in 2020. Location and Lifestyle Strategically positioned at the crossroads of W. Ohio St. and N. Wells St., this property benefits from an impressive daily traffic count of 31,113 vehicles and is enveloped by an affluent demographic with an average household income of $142,393 within a 3-mile radius. River North is a cultural and lifestyle hub, known for its upscale dining, vibrant nightlife, and a community that values fitness, organic foods, and the arts. This makes 601 N. Wells St. an ideal location for businesses aiming to thrive in a lively urban environment. Retail Space Features - Size and Structure: A total of 2,800 SF available, with a flexible floor plan (2,000 SF on the 1st floor and 800 SF on the 2nd floor), allowing for a range of retail configurations. - Economic and Demographic Strength: Surrounded by a dense, high-income population and significant consumer spending power ($7.9 billion within 3 miles). - Zoning Flexibility: DX-5 zoning permits a variety of uses, from traditional retail to innovative service concepts, supporting a vibrant mix of commercial activities. - Visibility and Accessibility: Exceptional visibility due to high traffic volumes, enhanced by excellent accessibility via public transportation, walking, and biking paths. Connectivity and Community River North is a testament to Chicago's ability to blend urban living with luxury. The neighborhood's proximity to the Magnificent Mile, bordered by the Chicago River, positions 601 N. Wells St. as a gateway to one of the city's most sought-after districts. This area is not just a place to do business but a place to become a part of Chicago's thriving community fabric. A Unique Opportunity This offering is more than just a retail space; it's a chance to be at the heart of Chicago's economic and cultural activity. Ideal for brands and businesses aiming to establish or expand their presence in a high-growth area, 601 N. Wells St. promises visibility, flexibility, and connectivity. Seize the opportunity to make a mark in River North, where commerce meets community, and tradition meets innovation.
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
