Old Town / Lincoln Park Commercial Condo For Sale or Lease
$32/sqft/yr
1650 N. Wells Street, Chicago, IL 60614
8,250 sqft
Building Size
0.244 acres
Lot Area
Details:
Highlights:
- 8,250 SF Ground Floor Commercial / Retail Condo Available for Sale ($2,795,000)
- Phenomenal Opportunity in Chicago's Old Town / Lincoln Park Neighborhood
- In-Place Income from The Fitz (3,610 SF Medical Spa) and Truefitt & Hill (1,340 SF Barber Shop)
- Available Space for Lease ($25.00 NNN): 3,300 SF Second Generation Fitness Studio
- Great Location - Just Steps to Piper's Alley, Zanies, and the North Avenue and Wells Street Intersection
- Surrounded by Excellent Demographics with High Household Incomes, High Home Values, and Dense Populations
- Perfect Opportunity for an Owner / User
Description:
SVN | Chicago Commercial is pleased to present this commercial opportunity in the heart of Chicago's preeminent Old Town / Lincoln Park neighborhoods, located just steps from Piper's Alley and the high-profile, high-traffic corner of North Avenue and Wells Street. Take advantage of great street exposure in one of Chicago's most popular and established areas.
The available space is a 3,300 SF second-generation fitness studio with substantial build-out, including bathrooms, showers, and extra storage spaces as well as distribution of HVAC and utilities. This space can be adapted to fit a wide range of uses and sizes, ranging from ±1,300 SF and up.
This opportunity is the perfect location for medical / dental office, apparel, service provider, fitness, or general retail. This highly visible retail / office space is immediately available for lease and offers an excellent signage opportunity.
Old Town and Lincoln Park are two of Chicago's most popular and sought-after neighborhoods for restaurants, bars, retailers, salons, and other tenants of all shapes and sizes. Situated just steps to Piper's Alley (featuring The Second City), Zanies Comedy Club, The Moody Church, Walgreens, Starbucks, and many other quality tenants. The property is also directly across the street from the redevelopment of the former Treasure Island grocery store, which will bring 350 new apartments as well as additional retail to this thriving Chicago neighborhood.
This area is very highly trafficked and features strong demographics boasting average annual household incomes of more than $148,700, average home values of over $523,000, and a population of 68,700 within 1 mile. Easily accessed by CTA buses and trains (Brown and Purple lines), this area features entertainment venues, restaurants, retail, and much more. Close to Lincoln Park Zoo, Lake Michigan, North Avenue Beach, and Lake Shore Drive.
1 Space Available
1652-1654 North Wells Street, South Ground Floor Unit , Ground Medical
Prime street-level retail / medical / office space available. This unit is currently built-out as a 3,300 SF fitness studio.
Divisible to ±1,300, 1,650 and 2,000 SF spaces.
Documents:
| Title | ||
|---|---|---|
| 1650 N. Wells Lease Brochure - April 2025 |
Location
