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507 N Wells Street Chicago, IL ^$ 32

507 N Wells Street

^$ 32

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507 N Wells Street

Chicago, IL, 60654

^$ 32

Bedrooms-- Baths-- Sq 5,705

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Property for Rent in Chicago, IL

for $32. This 5,705 square foot property was built in 1980 on a lot size of 0.063131.

Prime Bi-Level Retail Space in River North, Chicago Property Overview: 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. 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, 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.

Rental Contingent

Price

^$ 32

Taxes

^$ 69,313

Style

Commercial,Medical/Dental

Lot Size

0.063131

Year Built

1980

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12314126

Features

General

Cooling Central Air

Zoning RTAIL

Year Built 1980

Electric Service - 101 to 200 Amps

Tenant Pays Varies by Tenant

Stories Count 4

Tax Year 2023

Current Use Commercial Medical/Dental

County Cook

Net Operating Income 0

Property Type Commercial Lease Retail/Stores

Contingency Attorney/Inspection

Status Contingent

Directions Located on Wells between Illinois and Grand Ave on the east side of Wells.

City Chicago

MLS Area CHI - Near North Side

Lot Size Square Feet 2750

Tax Annual Amount 69313.6

Leasable Area 5705

Lease Type Modified Gross

Standard Status Active Under Contract

Exterior

Lot Dimensions 25X110

* Excluded Features

List By

@Properties Commercial

Broker

dakotanilson@atproperties.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/17/2025	$32		Listed Price

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507 N Wells Street, Chicago, IL, 60654 is a Property for Rent at $32 with 5,705 sqft and a lot size of 0.063131. 507 N Wells Street was built in 1980. The property's zip code is 60654 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/17/2025.

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507 N Wells Street

Property for Rent in Chicago, IL

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