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Space Available For Lease 1
601 N Well Retail Space |
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.
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Contacts
Travis Montgomery
KW Commercial
Travis Montgomery
Property Details
- Property Type Retail
- Property Size 2,800 SF
- Lot Size 0.06 Acre
- Zoning DX-5
- Additional Rent $65.00/SF/YR
- # of Floors 2
- Parking Spaces Avail. 2
- Parking Ratio 0.71 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1888
- Year Renovated 2020
- Date Updated Apr 1, 2024
- Visibility/Traffic Count (VPD) 31,113
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.
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Highlights
- Prime Location in River North: Situated in the heart of Downtown Chicago's vibrant River North neighborhood, known for its high foot traffic and dynamic downtown city lifestyle.
- DX-5 Zoning: Offers a wide range of permissible uses, providing flexibility for various retail concepts.
- High Traffic Volume: Benefits from a substantial daily traffic count of 31,113 (based on 2023 data for Ohio St. and Wells St.), enhancing visibility and customer access.
- Affluent Demographics: Surrounded by a high-income residential area, with an average household income exceeding $135k, indicating strong purchasing power within the immediate vicinity.
- Economic Vibrancy: Positioned in an economically robust area, with a mix of professional and managerial residents who value education, creativity, and environmental sustainability.
- Cultural and Lifestyle Hub: The neighborhood caters to an active, social, and environmentally conscious community, with preferences for organic foods, fitness, and cultural activities—ideal for businesses that align with these interests.
- Connectivity and Accessibility: Excellent accessibility via public transportation, taxis, walking, and biking, ensuring constant foot traffic and easy access for city dwellers.
Getting around
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97/100
Walk Score ®
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100/100
Transit Score ®
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84/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood River North
- Zip Code 60654
- Market Chicago
Points of Interest
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Merchandise Mart
0.27 miles
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Chicago
0.29 miles
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Grand
0.30 miles
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State/Lake
0.55 miles
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Clinton
0.61 miles
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Lake
0.63 miles
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Millennium Station
0.73 miles
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Quincy
0.95 miles
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Adams/Wabash
0.97 miles
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Morgan
1.03 miles
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BP
0.10 miles
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Shell
0.36 miles
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Tesla Supercharger
0.84 miles
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Exxon
1.04 miles
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Blink
1.09 miles
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Volta
1.09 miles
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ChargePoint
1.12 miles
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City od Chicago Fuel Site 010
1.30 miles
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Marathon
1.44 miles
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Blink ParkChip Garage - 1035 Van Buren
1.48 miles
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Ohio Public Parking
0.08 miles
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Anti-Cruelty Society Parking
0.09 miles
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Public Parking
0.12 miles
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Orleans-Hubbard Self Park
0.21 miles
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Grand Plaza parking
0.26 miles
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Grand Plaza Parking
0.27 miles
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The Sterling Self Park
0.27 miles
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The Rug Company
0.33 miles
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North Bridge Self Park
0.34 miles
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Rush-Ohio-Wabash Self Park
0.40 miles
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Bar Cargo
0.01 miles
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Al's Beef
0.03 miles
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Ironside Bar & Galley
0.04 miles
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Schneider Deli
0.05 miles
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GT Fish & Oyster
0.05 miles
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Zombie Taco
0.06 miles
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Meli Cafe
0.06 miles
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Taco Joint
0.06 miles
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Pizzeria Ora Chicago
0.08 miles
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Wildfire
0.09 miles
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Target
0.07 miles
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Jewel-Osco
0.27 miles
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The Merchandise Mart
0.29 miles
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Whole Foods Market
0.38 miles
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Trader Joe's
0.39 miles
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Neiman Marcus
0.40 miles
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Nordstrom
0.40 miles
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The Shops at North Bridge
0.42 miles
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Marshalls
0.45 miles
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Saks Fifth Avenue
0.51 miles
601 N Wells St Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
601 N Wells St is located in River North, which is home to a total of 16 listing(s). Retail space at 601 N Wells St asks $65.00/SF/YR per square foot.
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The property includes 2,800 square feet of retail space for lease. Of this total, 2,800 square feet are Retail (Other).
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
For car-travelling customers, 601 N Wells St has a parking ratio of 0.71 / 1,000 SF, offering 2 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.
601 N Wells St was last renovated in 2020.
Knowing your ideal customer is essential. For your consideration, the average age of residents in River North is 32. The average household income here is $138,279 per year.
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Travis Montgomery
KW Commercial
