Property Listing No Longer Available for Sale

1628-30 N Wells St, Chicago, IL

Retail for Sale - $3,200,000 - 6,870 Sq. Ft. on 0.2 acres


Property Info

CIMLS#835667
Location
  1628-30 N Wells St
  Chicago IL 60614
UpdatedNovember 28th, 2016
TypeRetail
Price$3,200,000
Building6,870 Sq. Ft.
Land0.2 acres

Property Description

Two buildings on site totaling approximately 6,870 SF. Buildings are situated on approximately 8,750 SF located in the heart of Old Town on Wells Street. In the immediate vicinity of the property there are an abundance of larger Mixed-Use developments either just completed, in construction, approved or proposed.

Property is ideal for a value add mixed-use re-development opportunity, a ground up opportunity, or a combination of the two due to it being located in the TOD. The site is composed of two parcels with over 50 feet of frontage on Wells Street. In addition, one of the two parcels stretches back 228 feet.

Location Description:

Old Town is an affluent and historic neighborhood, home to many of Chicago's older Victorian-era buildings. Today, Old Town is recognized due to its heavy food and retail traffic throughout the neighborhood and more specifically on Wells Street. The neighborhood's proximity to the Gold Coast, Lincoln Park, River North and the Loop make Old Town a highly desired location for developers, retailers and residents.

Highlights:

>> Wells Street frontage in Old Town

>> Top entertainment area in the city

>> Great foot traffic and demographics

>> Located in TOD (Transit Orientated Development)

>> Ground up/value add mixed-use development opportunity

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.5%


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